At the time of writing, Roku Inc [ROKU] stock is trading at $55.61, up 5.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROKU shares have gain 0.51% over the last week, with a monthly amount drifted -9.39%, and not 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.
For the past year, the stock price of Roku Inc fluctuated between $48.33 and $108.84. Currently, Wall Street analysts expect the stock to reach $123.52 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $55.61 at the most recent close of the market. An investor can expect a potential return of 122.12% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
According to Roku Inc [NASDAQ:ROKU], the company’s sales were 3.75B for trailing twelve months, which represents an 14.28% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.21 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 53.71 points at the first support level, and at 51.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.61, and for the 2nd resistance point, it is at 57.60.
Ratios To Look Out For
It is important to note that Roku Inc [NASDAQ:ROKU] has a current ratio of 2.72. On the other hand, the Quick Ratio is 2.63, and the Cash Ratio is 1.91. Considering the valuation of this stock, the price to sales ratio is 2.14, the price to book ratio is 3.37.
Transactions by insiders
Recent insider trading involved Collier Charles, President, Roku Media, that happened on Jul 16 ’24 when 3590.0 shares were sold. SVP General Counsel, Secretary, KAY STEPHEN H completed a deal on Jun 13 ’24 to sell 12124.0 shares. Meanwhile, Director Fyfield Mai sold 650.0 shares on Jun 10 ’24.
