During the recent session, Roku, Inc. (NASDAQ:ROKU)’s traded shares were 3,894,194, with the beta value of the company hitting 1.8. At the last check, the stock’s price was $370.99, reflecting an intraday gain of 2.5% or $9.07. The 52-week high for the ROKU share is $486.72, that puts it down -31.19% from that peak though still a striking +76.67% gain since the share price plummeted to a 52-week low of $86.56. The company’s market capitalization is $47.88 Billion, and the average intraday trading volume over the past 10 days was 3.72 Million shares, and the average trade volume was 4.49 Million shares over the past three months.
Roku, Inc. (ROKU) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.2. ROKU has a Sell rating from 2 analyst(s) out of 29 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 20 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.
Roku, Inc. (NASDAQ:ROKU): Trading Information
Roku, Inc. (ROKU) registered a 2.5% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.65% in intraday trading to $378 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 14.11%, and it has moved by 13.62% in 30 days. Based on these gigs, the overall price performance for the year is 11.96%. The short interest in Roku, Inc. (NASDAQ:ROKU) is 3.1 Million shares and it means that shorts have 0.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $483.94, which implies an increase of 30.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $275 and $650 respectively. As a result, ROKU is trading at a discount of 75.21% off the target high and -25.87% off the low.
Roku, Inc. (ROKU) projections and forecasts
Statistics show that Roku, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Roku, Inc. (ROKU) shares have gone up +77.27% during the last six months, with a year-to-date growth rate more than the industry average at 164.29% against -2.7%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 66.7% this quarter and then jump 31.4% in the quarter after that. In the rating firms’ projections, revenue will increase 44.2% compared to the previous financial year.
Revenue for the current quarter is expected to be $489.82 Million as predicted by 24 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to $549.4 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $320.77 Million and $315.43 Million respectively. In this case, analysts expect current quarter sales to grow by 52.7% and then jump by 74.2% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.9%. While earnings are projected to return 72.9% in 2021, the next five years will return 0% per annum.
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Roku, Inc. (NASDAQ:ROKU)’s Biggest Investors
Roku, Inc. insiders own 0.19% of total outstanding shares while institutional holders control 72.1%, with the float percentage being 72.24%. FMR, LLC is the largest shareholder of the company, while 1004 institutions own stock in it. As of Dec 30, 2020, the company held over 10.69 Million shares (or 9.62% of all shares), a total value of $3.55 Billion in shares.
The next largest institutional holding, with 9.01 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.11% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $2.99 Billion.
Also, the Mutual Funds coming in first place with the largest holdings of Roku, Inc. (ROKU) shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that ARK ETF Tr-ARK Innovation ETF owns about 3,281,065 shares. This amounts to just over 2.95 percent of the company’s overall shares, with a $1.3 Billion market value. The same data shows that the other fund manager holds slightly less at 3.07 Million, or about 2.76% of the stock, which is worth about $1.02 Billion.