Roku Inc. [NASDAQ: ROKU] stock went on a downward path that fall over -5.13% on Tuesday, amounting to a one-week price decrease of less than -11.84%. The company report on November 21, 2022 that Roku Announces $19 Roku Premiere Available this Black Friday Exclusively at Walmart.
Shop early and save with deals on Roku Express, Roku Streaming Stick 4K, Roku Ultra, and Roku Streambar.
Plus, $0.99 and $1.99 subscription offers on The Roku Channel and other deals including Apple TV+, HBO Max, discovery+, Redbox, and more.
Over the last 12 months, ROKU stock dropped by -82.79%. The one-year Roku Inc. stock forecast points to a potential upside of 35.3. The average equity rating for ROKU stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.60 billion, with 138.57 million shares outstanding and 121.47 million shares in the current float. Compared to the average trading volume of 8.38M shares, ROKU stock reached a trading volume of 6091172 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 $60.63 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 2.70. 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.
KeyBanc Capital Markets have made an estimate for Roku Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 29, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on November 11, 2022, representing the official price target for Roku Inc. stock. Previously, the target price had yet another drop from $100 to $51, while Rosenblatt kept a Neutral rating on ROKU stock.
The Average True Range (ATR) for Roku Inc. is set at 2.95, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 14.15.
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 -11.84. With this latest performance, ROKU shares dropped by -30.05% in over the last four-week period, additionally sinking by -55.97% over the last 6 months – not to mention a drop of -82.79% 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 25.74, with the RSI for the last a single of trading hit 16.61, and the three-weeks RSI is set at 31.69 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 52.32, while it was recorded at 41.78 for the last single week of trading, and 78.78 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 +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 3.00 and a Current Ratio set at 3.10.
ROKU Stock EPS
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%.
Roku Inc. [ROKU] Insider Position Details
There are presently around $3,793 million, or 77.80% of ROKU stock, in the hands of institutional investors. The top three institutional holders of ROKU stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 11,917,866, which is approximately 17.48% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 10,897,100 shares of the stock with an approximate value of $427.49 million in ROKU stocks shares; and SUMITOMO MITSUI TRUST HOLDINGS, INC., currently with $290.44 million in ROKU stock with ownership of nearly 23.491% of the company’s market capitalization.
Positions in Roku Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 255 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 16,371,678 shares. Additionally, 296 investors decreased positions by around 13,030,710 shares, while 112 investors held positions by with 67,281,899 shares. The mentioned changes placed institutional holdings at 96,684,287 shares, according to the latest SEC report filing. ROKU stock had 67 new institutional investments in for a total of 2,205,988 shares, while 108 institutional investors sold positions of 1,693,174 shares during the same period.