Roku Inc [ROKU] fell -38.51% so far this year. What now?

Roku Inc [NASDAQ: ROKU] closed the trading session at $56.36.

The stocks have a year to date performance of -38.51 percent and weekly performance of -3.03 percent. The stock has been moved at -45.27 percent over the last six months. The stock has performed -6.32 percent around the most recent 30 days and changed -12.58 percent over the most recent 3-months.

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If compared to the average trading volume of 3.79M shares, ROKU reached to a volume of 5158260 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 $76.24 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 2.53. 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.

Jefferies have made an estimate for Roku Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 02, 2024. The new note on the price target was released on April 29, 2024, representing the official price target for Roku Inc stock. Previously, the target price had yet another drop from $77 to $51, while Wells Fargo kept a Underweight rating on ROKU stock. On February 21, 2024, analysts decreased their price target for ROKU shares from 110 to 75.

The Average True Range (ATR) for Roku Inc is set at 2.08, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 2.24. The Price to Book ratio for the last quarter was 3.48, with the Price to Cash per share for the same quarter was set at 14.26. Price to Free Cash Flow for ROKU in the course of the last twelve months was 19.03 with Quick ratio for the last quarter at 2.50.

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 -3.03. With this latest performance, ROKU shares dropped by -6.32% in over the last four-week period, additionally sinking by -45.27% over the last 6 months – not to mention a drop of -21.39% 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 40.55, with the RSI for the last a single of trading hit 37.01, and the three-weeks RSI is set at 41.77 for Roku Inc [ROKU]. The present Moving Average for the last 50 days of trading for this stock 59.16, while it was recorded at 57.55 for the last single week of trading, and 74.70 for the last 200 days.

Roku Inc [ROKU]: An insightful look at the core fundamentals

Roku Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.58.

Earnings per share (EPS) analysis for Roku Inc [ROKU] stock

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]: Institutional Ownership

The top three institutional holders of ROKU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ROKU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ROKU stock with ownership which is approximately 5.8386%.