Roku Inc [ROKU] stock prices are up 0.06% to $64.77 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ROKU shares have gain 5.54% over the last week, with a monthly amount glided 18.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Seaport Research Partners upgraded its rating to Buy on April 29, 2024, and kept the price target unchanged to $74. On February 27, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $51 on the stock. Citigroup reiterated its Neutral rating and decreased its price target to $75 on February 21, 2024. Pivotal Research Group reiterated its recommendation of a Hold and reduced its price target to $75 on February 16, 2024. Oppenheimer downgraded its rating to Perform for this stock on February 16, 2024. In a note dated January 19, 2024, Seaport Research Partners upgraded an Neutral rating on this stock.
The stock price of Roku Inc [ROKU] has been fluctuating between $51.51 and $108.84 over the past year. Currently, Wall Street analysts expect the stock to reach $126.43 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $64.77 at the most recent close of the market. An investor can expect a potential return of 95.2% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
The Roku Inc [NASDAQ:ROKU] reported sales of 3.63B for trailing twelve months, representing a surge of 18.96%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.24 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 63.62 points at the first support level, and at 62.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.05, and for the 2nd resistance point, it is at 67.33.
Ratios To Look Out For
It’s worth pointing out that Roku Inc [NASDAQ:ROKU]’s Current Ratio is 2.58. As well, the Quick Ratio is 2.50, while the Cash Ratio is 1.77. Considering the valuation of this stock, the price to sales ratio is 2.58, the price to book ratio is 3.96.
Transactions by insiders
Recent insider trading involved KAY STEPHEN H, SVP General Counsel, Secretary, that happened on Jun 13 ’24 when 12124.0 shares were sold. Director, Fyfield Mai completed a deal on Jun 10 ’24 to sell 650.0 shares. Meanwhile, VP, Corp Controller & CAO Banks Matthew C. sold 838.0 shares on Jun 05 ’24.
