Roku Inc. [ROKU] is -63.27% lower this YTD. Is it still time to buy?

Roku Inc. [NASDAQ: ROKU] gained 3.92% or 3.16 points to close at $83.81 with a heavy trading volume of 11097208 shares. The company report on August 3, 2022 that Paramount+ Joins The Roku Channel’s Premium Subscriptions Lineup, Bringing a Mountain of Entertainment to Streamers.

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Users can subscribe to Paramount’s ad-supported Essential Plan or ad-free Premium Plan within The Roku Channel.

Live sports from the most popular sports leagues and properties arrive in Premium Subscriptions just in time for fall sports season.

It opened the trading session at $82.6755, the shares rose to $84.5825 and dropped to $79.91, the range by which the price of stock traded the whole day. The daily chart for ROKU points out that the company has recorded -49.41% loss over the past six months. However, it is still -35.18% lower than its most recent low trading price.

If we look at the average trading volume of 9.60M shares, ROKU reached to a volume of 11097208 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $89.43 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 2.20. 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.

Pivotal Research Group have made an estimate for Roku Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 08, 2022. While these analysts kept the previous recommendation, Susquehanna raised their target price from $200 to $70. The new note on the price target was released on July 29, 2022, representing the official price target for Roku Inc. stock. Previously, the target price had yet another raise to $75, while Evercore ISI analysts kept a In-line rating on ROKU stock. On July 29, 2022, analysts decreased their price target for ROKU shares from 125 to 55.

The Average True Range (ATR) for Roku Inc. is set at 7.21, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 3.66. The Price to Book ratio for the last quarter was 4.10, with the Price to Cash per share for the same quarter was set at 15.45.

Trading performance analysis for ROKU stock

Roku Inc. [ROKU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.88. With this latest performance, ROKU shares gained by 1.79% in over the last four-week period, additionally sinking by -49.41% over the last 6 months – not to mention a drop of -77.32% 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 50.40, with the RSI for the last a single of trading hit 52.98, and the three-weeks RSI is set at 49.17 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 86.11, while it was recorded at 81.45 for the last single week of trading, and 145.36 for the last 200 days.

Roku Inc. [ROKU]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Roku Inc. [ROKU] shares currently have an operating margin of +8.50 and a Gross Margin at +48.91. Roku Inc.’s Net Margin is presently recorded at +8.77.

Return on Equity for this stock inclined to 11.84, with Return on Assets sitting at 7.63.

Roku Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.60.

Roku Inc. [ROKU]: An earnings per share (EPS) analysis

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Roku Inc. go to 43.00%.

An analysis of insider ownership at Roku Inc. [ROKU]

There are presently around $7,744 million, or 76.70% of ROKU stock, in the hands of institutional investors. The top three institutional holders of ROKU stocks are: VANGUARD GROUP INC with ownership of 10,690,743, which is approximately 1.977% of the company’s market cap and around 0.20% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 10,144,564 shares of the stock with an approximate value of $850.22 million in ROKU stocks shares; and FMR LLC, currently with $776.8 million in ROKU stock with ownership of nearly -11.557% of the company’s market capitalization.

Positions in Roku Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 309 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 13,328,533 shares. Additionally, 366 investors decreased positions by around 16,005,017 shares, while 99 investors held positions by with 63,070,320 shares. The mentioned changes placed institutional holdings at 92,403,870 shares, according to the latest SEC report filing. ROKU stock had 88 new institutional investments in for a total of 2,775,614 shares, while 159 institutional investors sold positions of 4,043,915 shares during the same period.


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