Roku Inc (NASDAQ:ROKU) shares, rose in value, with the stock price up by 15.15% to the previous day’s close as strong demand from buyers drove the stock to $99.95.
Actively observing the price movement in the recent trading, the stock is buoying the session at $86.80, falling within a range of $96.36 and $104.96. The value of beta (5-year monthly) is 2.072. Referring to stock’s 52-week performance, its high was $95.17, and the low was $48.33. On the whole, ROKU has fluctuated by 30.60% over the past month.
With the market capitalization of Roku Inc currently standing at about $14.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.64B, with a low estimate of 1B and a high estimate of 1.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ROKU’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ROKU currently trading nearly 20.47% and 23.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.04, while the 7-day volatility ratio is showing 5.77% which for the 30-day chart, stands at 4.40%. Furthermore, Roku Inc (ROKU)’s beta value is 2.13, and its average true range (ATR) is 4.96.
A comparison of Roku Inc (ROKU) with its peers suggests the former has fared considerably weaker in the market. ROKU showed an intraday change of 15.15% in today’s session so far, and over the past year, it grew by 11.13%%.
Data on historical trading for Roku Inc (NASDAQ:ROKU) indicates that the trading volumes over the past 10 days have averaged 4.02 and over the past 3 months, they’ve averaged 3.38 million. According to company’s latest data on outstanding shares, there are 127.89 million shares outstanding.
Nearly 12.58% of Roku Inc’s shares belong to company insiders and institutional investors own 72.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.31 million shares as on 2025-01-31, resulting in a short ratio of 3.06. According to the data, the short interest in Roku Inc (ROKU) stood at 730.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 8.23 million. The stock has risen by 34.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ROKU stock heading into the next quarter.
