Look For Institutional Buying In Roku Inc (NASDAQ: ROKU)

Roku Inc (ROKU) concluded trading on Thursday at a closing price of $67.71, with 2.89 million shares of worth about $195.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.13% during that period and on November 28, 2024 the price saw a gain of about 2.11%. Currently the company’s common shares owned by public are about 145.20M shares, out of which, 127.00M shares are available for trading.

Stock saw a price change of -1.46% in past 5 days and over the past one month there was a price change of -11.39%. Year-to-date (YTD), ROKU shares are showing a performance of -26.13% which decreased to -36.64% 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 3.76 million. The stock is currently trading -4.19% below its 20-day simple moving average (SMA20), while that difference is down -8.45% for SMA50 and it goes to 4.60% 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 $10.04B and its 3Y-monthly beta is at 2.05. 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 3.17% while standing at 4.90% over the month.

Stock’s fiscal year EPS is expected to rise by 78.67% while it is estimated to increase by 38.35% 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 UBS on November 22, 2024 offering a Neutral rating for the stock and assigned a target price of $73 to it. Coverage by Robert W. Baird stated Roku Inc (ROKU) stock as an Outperform in their note to investors on November 18, 2024, suggesting a price target of $90 for the stock. On October 10, 2024, JP Morgan Reiterated their recommendations, while on October 01, 2024, MoffettNathanson Upgrade their ratings for the stock with a price target of $80. Stock get an Outperform rating from Wolfe Research on September 12, 2024.

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