A share price of Roku Inc [ROKU] is currently trading at $76.35, up 0.61%. 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 2.26% over the last week, with a monthly amount glided 18.61%, 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 October 01, 2024, when MoffettNathanson upgraded its rating to a Neutral but kept the price target unchanged to $80 for it. Previously, Wolfe Research upgraded its rating to Outperform on September 12, 2024, and kept the price target unchanged to $93. On September 05, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $72 on the stock. Guggenheim upgraded its rating to a Buy but stick to its price target of $75 on August 23, 2024. Seaport Research Partners upgraded its rating to Buy for this stock on April 29, 2024, but kept the price target unchanged to $74. In a note dated February 27, 2024, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $77 to $51.
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 $118.43 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $76.35 at the most recent close of the market. An investor can expect a potential return of 55.11% 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. 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 75.26 points at the first support level, and at 74.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.47, and for the 2nd resistance point, it is at 78.58.
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 2.95, the price to book ratio is 4.62.
Transactions by insiders
Recent insider trading involved Banks Matthew C., VP, Corp Controller & CAO, that happened on Oct 01 ’24 when 211.0 shares were sold. CFO, Jedda Dan completed a deal on Sep 17 ’24 to sell 1000.0 shares. Meanwhile, Officer DANIEL JEDDA bought 1000.0 shares on Sep 17 ’24.
