Roku Inc. [NASDAQ: ROKU] plunged by -$7.47 during the normal trading session on Wednesday and reaching a high of $347.71 during the day while it closed the day at $340.24. The company report on May 27, 2021 that Roku Inks First Ever Pay-One Window Rights Deal With Saban Films.
The Roku Channel to become Free Streaming Home for Saban Films.
Roku, Inc. (NASDAQ:ROKU) and Saban Films announced a landmark agreement granting Roku® the pay-one window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban’s 2021 film slate will stream free exclusively on Roku’s ad-supported streaming service, The Roku Channel, in the United States and Canada following theatrical and home entertainment release. The deal is the first ever pay-one licensing agreement for Roku.
Roku Inc. stock has also loss -1.58% of its value over the past 7 days. However, ROKU stock has declined by -7.92% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.90% and gained 2.48% year-on date.
The market cap for ROKU stock reached $45.35 billion, with 129.67 million shares outstanding and 114.93 million shares in the current float. Compared to the average trading volume of 4.26M shares, ROKU reached a trading volume of 2931566 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Roku Inc. [ROKU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROKU shares is $443.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROKU stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Loop Capital have made an estimate for Roku Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 07, 2021. While these analysts kept the previous recommendation, Pivotal Research Group dropped their target price from $400 to $350. The new note on the price target was released on May 07, 2021, representing the official price target for Roku Inc. stock. Previously, the target price had yet another raise to $475, while Wedbush analysts kept a Outperform rating on ROKU stock.
The Average True Range (ATR) for Roku Inc. is set at 16.32, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 22.32. The Price to Book ratio for the last quarter was 18.07. Price to Free Cash Flow for ROKU in the course of the last twelve months was 288.28 with Quick ratio for the last quarter at 4.30.
ROKU stock trade performance evaluation
Roku Inc. [ROKU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.58. With this latest performance, ROKU shares gained by 1.47% in over the last four-week period, additionally plugging by 15.90% over the last 6 months – not to mention a rise of 207.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ROKU stock in for the last two-week period is set at 51.43, with the RSI for the last a single of trading hit 52.92, and the three-weeks RSI is set at 50.01 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 339.54, while it was recorded at 346.54 for the last single week of trading, and 303.98 for the last 200 days.
Roku Inc. [ROKU]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Roku Inc. [ROKU] shares currently have an operating margin of -1.14 and a Gross Margin at +45.45. Roku Inc.’s Net Margin is presently recorded at -0.98.
Return on Total Capital for ROKU is now -1.40, given the latest momentum, and Return on Invested Capital for the company is -1.24. Return on Equity for this stock declined to -1.73, with Return on Assets sitting at -0.94. When it comes to the capital structure of this company, Roku Inc. [ROKU] has a Total Debt to Total Equity ratio set at 33.01. Additionally, ROKU Total Debt to Total Capital is recorded at 24.82, with Total Debt to Total Assets ending up at 19.30. Long-Term Debt to Equity for the company is recorded at 29.95, with the Long-Term Debt to Total Capital now at 22.52.
Reflecting on the efficiency of the workforce at the company, Roku Inc. [ROKU] managed to generate an average of -$9,095 per employee. Receivables Turnover for the company is 4.10 with a Total Asset Turnover recorded at a value of 0.95.Roku Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 4.40.
Earnings per share (EPS) analysis for Roku Inc. [ROKU] stock
With the latest financial reports released by the company, Roku Inc. posted -0.35/share EPS, while the average EPS was predicted by analysts to be reported at -0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 30.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ROKU.
Roku Inc. [ROKU]: Insider Ownership positions
There are presently around $27,715 million, or 69.60% of ROKU stock, in the hands of institutional investors. The top three institutional holders of ROKU stocks are: FMR LLC with ownership of 9,603,530, which is approximately -10.133% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 7,620,334 shares of the stock with an approximate value of $2.59 billion in ROKU stocks shares; and BLACKROCK INC., currently with $2.39 billion in ROKU stock with ownership of nearly 9.657% of the company’s market capitalization.
Positions in Roku Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 416 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 10,911,971 shares. Additionally, 393 investors decreased positions by around 11,005,595 shares, while 89 investors held positions by with 59,539,105 shares. The mentioned changes placed institutional holdings at 81,456,671 shares, according to the latest SEC report filing. ROKU stock had 123 new institutional investments in for a total of 2,308,347 shares, while 99 institutional investors sold positions of 1,330,886 shares during the same period.