Roku Inc [NASDAQ: ROKU] stock went on a downward path that fall over -4.14% on Wednesday, amounting to a one-week price increase of more than 6.50%.
Over the last 12 months, ROKU stock dropped by -12.88%. The one-year Roku Inc stock forecast points to a potential upside of 3.13. The average equity rating for ROKU stock is currently 2.48, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.67 billion, with 144.69 million shares outstanding and 126.51 million shares in the current float. Compared to the average trading volume of 3.50M shares, ROKU stock reached a trading volume of 3307810 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 $69.01 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 2.48. 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.
Guggenheim have made an estimate for Roku Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Underperform. The new note on the price target was released on May 02, 2024, representing the official price target for Roku Inc stock. Previously, the target price had yet another raise to $74, while Seaport Research Partners analysts kept a Buy rating on ROKU stock. On February 27, 2024, analysts decreased their price target for ROKU shares from 77 to 51.
The Average True Range (ATR) for Roku Inc is set at 2.94, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 2.58. The Price to Book ratio for the last quarter was 4.05, with the Price to Cash per share for the same quarter was set at 14.50. Price to Free Cash Flow for ROKU in the course of the last twelve months was 34.69 with Quick ratio for the last quarter at 2.63.
ROKU Stock Performance Analysis:
Roku Inc [ROKU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.50. With this latest performance, ROKU shares gained by 16.38% in over the last four-week period, additionally plugging by 4.93% over the last 6 months – not to mention a drop of -12.88% 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 62.77, with the RSI for the last a single of trading hit 64.80, and the three-weeks RSI is set at 60.42 for Roku Inc [ROKU]. The present Moving Average for the last 50 days of trading for this stock 59.49, while it was recorded at 67.43 for the last single week of trading, and 71.27 for the last 200 days.
Insight into Roku Inc Fundamentals:
Roku Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.63 and a Current Ratio set at 2.72.
ROKU Stock EPS
With the latest financial reports released by the company, Roku Inc posted -2.33/share EPS, while the average EPS was predicted by analysts to be reported at -2.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.21. 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] Institutonal Ownership Details
There are presently around $80.62%, or 81.11%% of ROKU stock, in the hands of institutional investors. The top three institutional holders of ROKU stocks are: FMR LLC with ownership of 14.33 million shares, which is approximately 9.9656%. ARK INVESTMENT MANAGEMENT LLC, holding 12.72 million shares of the stock with an approximate value of $$762.1 million in ROKU stocks shares; and ARK INVESTMENT MANAGEMENT LLC, currently with $$720.25 million in ROKU stock with ownership which is approximately 8.3604%.
