Roku Inc [ROKU] stock is trading at $61.95, up 1.32%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROKU shares have gain 2.84% over the last week, with a monthly amount drifted -3.40%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Roku to Announce First Quarter 2024 Financial Results on April 25, 2024. In a post published today on Yahoo Finance, Today, Roku, Inc. (Nasdaq: ROKU) announced it will release first quarter 2024 financial results after the stock market closes on Thursday, April 25, 2024.
From an analyst’s perspective:
Roku Inc [NASDAQ: ROKU] stock has seen the most recent analyst activity on February 27, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $51 from $77. Previously, Citigroup reaffirmed its Neutral rating on February 21, 2024, and dropped its price target to $75. On February 16, 2024, Pivotal Research Group reiterated its Hold rating and revised its price target to $75 on the stock. Oppenheimer downgraded its rating to a Perform. Seaport Research Partners upgraded its rating to a Neutral. Pivotal Research Group reiterated a Hold rating for this stock on December 19, 2023, and upped its price target to $85. In a note dated December 18, 2023, Seaport Research Partners downgraded an Sell rating on this stock but restated the target price of $75.
Roku Inc [ROKU] stock has fluctuated between $51.62 and $108.84 over the past year. Currently, Wall Street analysts expect the stock to reach $130.91 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $61.95 at the most recent close of the market. An investor can expect a potential return of 111.32% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
Roku Inc [NASDAQ:ROKU] reported sales of 3.48B for the trailing twelve months, which represents a growth of 13.54%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.29 and Total Capital is -0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.90 points at the first support level, and at 59.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.49, and for the 2nd resistance point, it is at 63.04.
Roku Inc [ROKU] reported earnings per share of -$0.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.52/share, meaning a difference of -$0.03 and a surprise factor of -5.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.33 per share as compared to estimates of -$2.12 per share, a difference of -$0.21 representing a surprise of -9.90%.
Ratios To Look Out For
For context, Roku Inc’s Current Ratio is 2.41. On the other hand, the Quick Ratio is 2.34, and the Cash Ratio is 1.62. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 3.82.
Transactions by insiders
Recent insider trading involved Banks Matthew C., VP, Corp Controller & CAO, that happened on Apr 01 ’24 when 207.0 shares were sold. Director, Blackburn Jeffrey M completed a deal on Mar 13 ’24 to buy 8000.0 shares. Meanwhile, President, Roku Media Collier Charles sold 4182.0 shares on Mar 08 ’24.
