Roku Inc [ROKU] stock prices are up 4.47% to $77.12 at the moment. 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 14.80% over the last week, with a monthly amount drifted -1.59%, 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.
The stock price of Roku Inc [ROKU] has been fluctuating between $48.33 and $108.84 over the past year. Currently, Wall Street analysts expect the stock to reach $110.75 within the next 12 months. Roku Inc [NASDAQ: ROKU] shares were valued at $77.12 at the most recent close of the market. An investor can expect a potential return of 43.61% based on the average ROKU price forecast.
Analyzing the ROKU fundamentals
The Roku Inc [NASDAQ:ROKU] reported sales of 3.90B for trailing twelve months, representing a surge of 16.47%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 74.91 points at the first support level, and at 72.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.27, and for the 2nd resistance point, it is at 79.42.
Ratios To Look Out For
It’s worth pointing out that Roku Inc [NASDAQ:ROKU]’s Current Ratio is 2.56. In addition, the Quick Ratio stands at 2.40 and the Cash Ratio stands at 1.71. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 4.55.
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.
