Roku Inc [ROKU] stock is trading at $74.69, up 0.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ROKU shares have gain 16.03% over the last week, with a monthly amount glided 32.85%, 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 12, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $93 for it. Previously, Wells Fargo upgraded its rating to Equal Weight on September 05, 2024, and elevated its price target to $72. On August 23, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $75 on the stock. Seaport Research Partners upgraded its rating to a Buy but $74 remained the price target by the analyst firm on April 29, 2024. Wells Fargo downgraded its rating to Underweight for this stock on February 27, 2024, and downed its price target to $51. In a note dated February 21, 2024, Citigroup reiterated an Neutral rating on this stock and revised its target price from $110 to $75.
Roku Inc [ROKU] stock has fluctuated between $48.33 and $108.84 over the past year. Currently, Wall Street analysts expect the stock to reach $123.63 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $74.69 at the most recent close of the market. An investor can expect a potential return of 65.52% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
Roku Inc [NASDAQ:ROKU] reported sales of 3.75B for the trailing twelve months, which represents a growth of 14.28%. 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 73.76 points at the first support level, and at 72.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.54, and for the 2nd resistance point, it is at 76.38.
Ratios To Look Out For
For context, Roku Inc’s Current Ratio is 2.72. In addition, the Quick Ratio stands at 2.63 and the Cash Ratio stands at 1.91. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 4.52.
Transactions by insiders
Recent insider trading involved Collier Charles, President, Roku Media, that happened on Sep 12 ’24 when 15454.0 shares were sold. CEO and Chairman BOD, Wood Anthony J. completed a deal on Sep 12 ’24 to sell 25000.0 shares. Meanwhile, Officer CHARLES COLLIER bought 15454.0 shares on Sep 12 ’24.
