Roku Inc. [ROKU] is -0.34% lower this YTD. Is it still time to buy?

Roku Inc. [NASDAQ: ROKU] price plunged by -0.34 percent to reach at -$0.14. The company report on November 21, 2022 that Roku Announces $19 Roku Premiere Available this Black Friday Exclusively at Walmart.


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A sum of 6197648 shares traded at recent session while its average daily volume was at 8.21M shares. Roku Inc. shares reached a high of $42.37 and dropped to a low of $39.00 until finishing in the latest session at $40.56.

The one-year ROKU stock forecast points to a potential upside of 33.1. The average equity rating for ROKU stock is currently 2.70, trading closer to a bullish pattern in the stock market.

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 2.86, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 14.54.

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 -1.91. With this latest performance, ROKU shares dropped by -32.15% in over the last four-week period, additionally sinking by -55.94% over the last 6 months – not to mention a drop of -82.23% 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 31.67, with the RSI for the last a single of trading hit 28.45, and the three-weeks RSI is set at 35.07 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 51.35, while it was recorded at 39.97 for the last single week of trading, and 77.40 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 $3,885 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 $441.99 million in ROKU stocks shares; and SUMITOMO MITSUI TRUST HOLDINGS, INC., currently with $300.28 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 February and at the time of the February reporting period, where 250 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 16,370,168 shares. Additionally, 289 investors decreased positions by around 12,865,244 shares, while 111 investors held positions by with 66,554,206 shares. The mentioned changes placed institutional holdings at 95,789,618 shares, according to the latest SEC report filing. ROKU stock had 66 new institutional investments in for a total of 2,205,948 shares, while 104 institutional investors sold positions of 1,696,082 shares during the same period.

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