A share price of Roku Inc [ROKU] is currently trading at $69.14, up 11.87%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ROKU shares have gain 18.04% over the last week, with a monthly amount glided 20.36%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Roku Inc [NASDAQ: ROKU] stock has seen the most recent analyst activity on August 23, 2024, when Guggenheim upgraded its rating to a Buy but kept the price target unchanged to $75 for it. On April 29, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $74 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $51 on February 27, 2024. Citigroup reiterated its recommendation of a Neutral and reduced its price target to $75 on February 21, 2024. Pivotal Research Group reiterated a Hold rating for this stock on February 16, 2024, and downed its price target to $75. In a note dated February 16, 2024, Oppenheimer downgraded an Perform rating on this stock.
Roku Inc experienced fluctuations in its stock price throughout the past year between $48.33 and $108.84. Currently, Wall Street analysts expect the stock to reach $122.04 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $69.14 at the most recent close of the market. An investor can expect a potential return of 76.51% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
Trailing Twelve Months sales for Roku Inc [NASDAQ:ROKU] were 3.75B which represents 14.28% growth. 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 65.24 points at the first support level, and at 61.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.80, and for the 2nd resistance point, it is at 74.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roku Inc [NASDAQ:ROKU] is 2.72. Also, the Quick Ratio is 2.63, while the Cash Ratio stands at 1.91. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 4.18.
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.
