A share price of Roku Inc [ROKU] is currently trading at $72.03, down -0.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The ROKU shares have gain 12.41% over the last week, with a monthly amount drifted -6.94%, and not 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 10, 2024, when JP Morgan reiterated its Overweight rating and also boosted its price target to $92 from $90. Previously, MoffettNathanson upgraded its rating to Neutral on October 01, 2024, and kept the price target unchanged to $80. On September 12, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $93 on the stock. Wells Fargo upgraded its rating to a Equal Weight and increased its price target to $72 on September 05, 2024. Guggenheim upgraded its rating to a Buy but $75 remained the price target by the analyst firm on August 23, 2024. In a note dated April 29, 2024, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $74.
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 $110.75 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $72.03 at the most recent close of the market. An investor can expect a potential return of 53.76% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
Trailing Twelve Months sales for Roku Inc [NASDAQ:ROKU] were 3.90B which represents 16.47% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.07 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 71.05 points at the first support level, and at 70.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.95, and for the 2nd resistance point, it is at 73.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roku Inc [NASDAQ:ROKU] is 2.56. On the other hand, the Quick Ratio is 2.40, and the Cash Ratio is 1.71. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 4.25.
Transactions by insiders
Recent insider trading involved Banks Matthew C., VP, Corp Controller & CAO, that happened on Nov 01 ’24 when 210.0 shares were sold. CFO, Jedda Dan completed a deal on Oct 15 ’24 to sell 1000.0 shares. Meanwhile, Officer DANIEL JEDDA bought 1000.0 shares on Oct 15 ’24.
