At the time of writing, Roku Inc [ROKU] stock is trading at $66.70, up 4.96%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ROKU shares have lost -0.22% over the last week, with a monthly amount glided 25.78%, 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 September 05, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $72 from $50. Previously, Guggenheim upgraded its rating to Buy on August 23, 2024, and kept the price target unchanged to $75. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $74 on April 29, 2024. Wells Fargo downgraded its rating to a Underweight and reduced its price target to $51 on February 27, 2024. Citigroup reiterated a Neutral rating for this stock on February 21, 2024, and downed its price target to $75. In a note dated February 16, 2024, Pivotal Research Group reiterated an Hold rating on this stock and revised its target price from $85 to $75.
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 $123.04 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $66.70 at the most recent close of the market. An investor can expect a potential return of 84.47% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 65.26 points at the first support level, and at 63.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.27, and for the 2nd resistance point, it is at 69.84.
Ratios To Look Out For
It is important to note that Roku Inc [NASDAQ:ROKU] has a current ratio of 2.72. Further, the Quick Ratio stands at 2.63, while the Cash Ratio is 1.91. Considering the valuation of this stock, the price to sales ratio is 2.58, the price to book ratio is 4.04.
Transactions by insiders
Recent insider trading involved Fuchsberg Gilbert, President, Subscriptions, that happened on Sep 04 ’24 when 1693.0 shares were sold. President, Roku Media, Collier Charles completed a deal on Sep 04 ’24 to sell 10771.0 shares. Meanwhile, VP, Corp Controller & CAO Banks Matthew C. sold 208.0 shares on Sep 04 ’24.
