Roku Inc. [NASDAQ: ROKU] stock went on a downward path that fall over -3.31% on Wednesday, amounting to a one-week price decrease of less than -1.43%. The company report on July 14, 2021 that Roku Brand Studio and Maker’s Mark® Bourbon Premiere “The Show Next Door”.
Randall Park hosts weekly show with celebrity guests for Maker’s Hour on The Roku Channel.
First two episodes available July 14, 2021.
Over the last 12 months, ROKU stock rose by 174.67%. The one-year Roku Inc. stock forecast points to a potential upside of 8.32. The average equity rating for ROKU stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $53.24 billion, with 129.67 million shares outstanding and 114.93 million shares in the current float. Compared to the average trading volume of 4.17M shares, ROKU stock reached a trading volume of 2983148 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $450.50 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.
BofA Securities have made an estimate for Roku Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 25, 2021. While these analysts kept the previous recommendation, Macquarie raised their target price from $400 to $485. The new note on the price target was released on June 24, 2021, representing the official price target for Roku Inc. stock. Previously, the target price had yet another raise to $450, while Loop Capital analysts kept a Buy rating on ROKU stock. On May 07, 2021, analysts decreased their price target for ROKU shares from 400 to 350.
The Average True Range (ATR) for Roku Inc. is set at 18.12, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 26.21. The Price to Book ratio for the last quarter was 21.93. Price to Free Cash Flow for ROKU in the course of the last twelve months was 338.49 with Quick ratio for the last quarter at 4.30.
ROKU Stock Performance Analysis:
Roku Inc. [ROKU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.43. With this latest performance, ROKU shares gained by 13.19% in over the last four-week period, additionally sinking by -0.55% over the last 6 months – not to mention a rise of 174.67% 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 53.87, with the RSI for the last a single of trading hit 47.92, and the three-weeks RSI is set at 55.72 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 364.04, while it was recorded at 425.08 for the last single week of trading, and 336.95 for the last 200 days.
Insight into Roku Inc. 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.
Roku Inc. [ROKU] Insider Position Details
There are presently around $33,634 million, or 69.90% 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 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 7,620,334 shares of the stock with an approximate value of $3.15 billion in ROKU stocks shares; and BLACKROCK INC., currently with $2.9 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 August and at the time of the August reporting period, where 419 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 10,830,003 shares. Additionally, 390 investors decreased positions by around 10,983,749 shares, while 92 investors held positions by with 59,625,300 shares. The mentioned changes placed institutional holdings at 81,439,052 shares, according to the latest SEC report filing. ROKU stock had 129 new institutional investments in for a total of 2,278,065 shares, while 94 institutional investors sold positions of 1,310,448 shares during the same period.