Growth Story Still Intact For Roku Inc (ROKU)

Roku Inc (ROKU) concluded trading on Wednesday at a closing price of $77.36, with 5.66 million shares of worth about $437.79 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.86% during that period and on September 18, 2024 the price saw a gain of about 3.60%. Currently the company’s common shares owned by public are about 144.69M shares, out of which, 126.50M shares are available for trading.

Stock saw a price change of 10.28% in past 5 days and over the past one month there was a price change of 24.85%. Year-to-date (YTD), ROKU shares are showing a performance of -15.60% which increased to 3.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.33 but also hit the highest price of $108.84 during that period. The average intraday trading volume for Roku Inc shares is 3.65 million. The stock is currently trading 14.01% above its 20-day simple moving average (SMA20), while that difference is up 24.20% for SMA50 and it goes to 11.09% higher than SMA200.

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Roku Inc (NASDAQ: ROKU) currently have 144.69M outstanding shares and institutions hold larger chunk of about 71.38% of that.

The stock has a current market capitalization of $11.19B and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$3.46 in the same period. It has Quick Ratio of 2.63 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ROKU, volatility over the week remained 3.11% while standing at 4.10% over the month.

Stock’s fiscal year EPS is expected to rise by 72.94% while it is estimated to increase by 33.63% in next year. EPS is likely to grow at an annualized rate of 43.00% for next 5-years, compared to annual growth of -126.17% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on September 12, 2024 offering an Outperform rating for the stock and assigned a target price of $93 to it. Coverage by Wells Fargo stated Roku Inc (ROKU) stock as an Equal weight in their note to investors on September 05, 2024, suggesting a price target of $72 for the stock. On August 23, 2024, Guggenheim Upgrade their recommendations, while on May 02, 2024, Jefferies Resumed their ratings for the stock with a price target of $50. Stock get a Buy rating from Seaport Research Partners on April 29, 2024.

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