Roku Inc (NASDAQ: ROKU) – Not A Clear Buying Opportunity?

Roku Inc (ROKU) concluded trading on Wednesday at a closing price of $68.71, with 8.61 million shares of worth about $591.6 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.41% during that period and on November 20, 2024 the price saw a loss of about -6.66%. Currently the company’s common shares owned by public are about 145.20M shares, out of which, 127.04M shares are available for trading.

Stock saw a price change of -8.64% in past 5 days and over the past one month there was a price change of -10.52%. Year-to-date (YTD), ROKU shares are showing a performance of -25.04% which decreased to -27.67% 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 3.73 million. The stock is currently trading -5.39% below its 20-day simple moving average (SMA20), while that difference is down -7.98% for SMA50 and it goes to 5.07% higher than SMA200.

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Roku Inc (NASDAQ: ROKU) currently have 145.20M outstanding shares and institutions hold larger chunk of about 73.92% of that.

The stock has a current market capitalization of $9.98B and its 3Y-monthly beta is at 2.08. It has posted earnings per share of -$1.20 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.25. 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 5.41% while standing at 4.85% over the month.

Stock’s fiscal year EPS is expected to rise by 78.68% while it is estimated to increase by 37.31% 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 Robert W. Baird on November 18, 2024 offering an Outperform rating for the stock and assigned a target price range of between $70 and $90 to it. Coverage by JP Morgan stated Roku Inc (ROKU) stock as an Overweight in their note to investors on October 10, 2024, suggesting a price target of $92 for the stock. On October 01, 2024, MoffettNathanson Upgrade their recommendations, while on September 12, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $93. Stock get an Equal weight rating from Wells Fargo on September 05, 2024.

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