Roku Inc (NASDAQ:ROKU) price on current trading day, fall -3.94% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $71.39.
A look at the stock’s price movement, the level at last check in today’s session was $74.32, moving within a range at $70.84 and $74.5. The beta value (5-Year monthly) was 2.072. Turning to its 52-week performance, $108.84 and $48.33 were the 52-week high and 52-week low respectively. Overall, ROKU moved -7.22% over the past month.
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Roku Inc’s market cap currently stands at around $10.37 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-13.
Analysts have a consensus estimate of 1.14B for the company’s revenue for the quarter, with a low and high estimate of 1.11B and 1.16B respectively. The average forecast suggests up to a 15.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.05B, representing a 16.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ROKU is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 15 recommend ROKU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ROKU’s current price about -2.60% and -4.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.63, while 7-day volatility ratio is 3.89% and 4.23% in the 30-day chart. Further, Roku Inc (ROKU) has a beta value of 2.08, and an average true range (ATR) of 3.37. Analysts have given the company’s stock an average 52-week price target of $80, forecast between a low of $30 and high of $410. Looking at the price targets, the low is 57.98% off recent price level in today’s trading while to achieve the yearly target high, it has to move -474.31%. Nonetheless, investors will most likely welcome a -12.06% jump to $80 which is the analysts’ median price.
If we refocus on Roku Inc (NASDAQ:ROKU), historical trading data shows that trading volumes averaged 4.19 over the past 10 days and 3.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 145.20 million shares.
The 12.51% of Roku Inc’s shares are in the hands of company insiders while institutional holders own 70.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.93 million on 2024-10-31, giving us a short ratio of 2.58. The data shows that as of 2024-10-31 short interest in Roku Inc (ROKU) stood at 785.0 of shares outstanding, with shares short falling to 10.35 million registered in 2024-09-30. Current price change has pushed the stock -22.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ROKU stock continues to rise going into the next quarter.
