Roku Inc. Is A Buy Small Cap Stock: Analysts – Marketing Sentinel
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Roku Inc. Is A Buy Small Cap Stock: Analysts

Roku Inc. (NASDAQ:ROKU) has a beta value of 1.76 and has seen 1.96 million shares traded in the recent trading session. The company, currently valued at $46.61B, closed the recent trade at $347.35 per share which meant it gained $2.89 on the day or 0.84% during that session. The ROKU stock price is -41.29% off its 52-week high price of $490.76 and 43.42% above the 52-week low of $196.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.81 million shares traded. The 3-month trading volume is 3.99 million shares.

Roku Inc. (NASDAQ:ROKU) trade information

Sporting 0.84% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 10/18/21 when the ROKU stock price touched $347.35 or saw a rise of 0.1%. Year-to-date, Roku Inc. shares have moved 3.75%, while the 5-day performance has seen it change 7.78%. Over the past 30 days, the shares of Roku Inc. (NASDAQ:ROKU) have changed 6.28%. Short interest in the company has seen 3.56 million shares shorted with days to cover at 0.73.

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Roku Inc. (ROKU) estimates and forecasts

Figures show that Roku Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -2.93% over the past 6 months, with this year growth rate of 1,057.14%, compared to 5.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -33.30% and -61.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 59.90%.

25 analysts offering their estimates for the company have set an average revenue estimate of $679.27 million for the current quarter. 25 have an estimated revenue figure of $953.12 million for the next quarter concluding in Dec 2021. Year-ago sales stood $367.76 million and $649.89 million respectively for this quarter and the next, and analysts expect sales will grow by 84.70% for the current quarter and 46.70% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.90% over the past 5 years. Earnings growth for 2021 is a modest 72.90% while over the next 5 years, the company’s earnings are expected to increase by 64.40%.

ROKU Dividends

Roku Inc. is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Roku Inc. (NASDAQ:ROKU)’s Major holders

Insiders own 0.22% of the company shares, while shares held by institutions stand at 69.64% with a share float percentage of 69.79%. Investors are also buoyed by the number of investors in a company, with Roku Inc. having a total of 1,057 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 9.6 million shares worth more than $3.13 billion. As of Mar 30, 2021, FMR, LLC held 8.34% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.62 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $2.48 billion and represent 6.61% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of May 30, 2021, the former fund manager holds about 3.05% shares in the company for having 3.51 million shares of worth $1.22 billion while later fund manager owns 3.13 million shares of worth $1.02 billion as of Mar 30, 2021, which makes it owner of about 2.72% of company’s outstanding stock.

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