During the last session, Roku Inc. (NASDAQ:ROKU)’s traded shares were 13.21 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $81.28, reflecting an intraday gain of 2.89% or $2.28. The 52-week high for the ROKU share is $422.30, that puts it down -419.56 from that peak though still a striking 23.72% gain since the share price plummeted to a 52-week low of $62.00. The company’s market capitalization is $14.66B, and the average intraday trading volume over the past 10 days was 16.69 million shares, and the average trade volume was 9.13 million shares over the past three months.
Roku Inc. (ROKU) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.10. ROKU has a Sell rating from 3 analyst(s) out of 31 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 17 recommend a Buy rating for it. 2 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.59.
Roku Inc. (NASDAQ:ROKU) trade information
Roku Inc. (ROKU) registered a 2.89% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.89% in intraday trading to $81.28 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -4.57%, and it has moved by -8.19% in 30 days. Based on these gigs, the overall price performance for the year is -80.66%. The short interest in Roku Inc. (NASDAQ:ROKU) is 7.47 million shares and it means that shorts have 0.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $92.00, which implies an increase of 11.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $53.00 and $240.00 respectively. As a result, ROKU is trading at a discount of -195.28% off the target high and 34.79% off the low.
Roku Inc. (ROKU) estimates and forecasts
Statistics show that Roku Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Roku Inc. (ROKU) shares have gone down -48.20% during the last six months, with a year-to-date growth rate less than the industry average at -284.21% against 10.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -222.90% this quarter and then drop -235.30% in the quarter after that. In the rating firms’ projections, revenue will increase 31.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $901.73 million as predicted by 25 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to $1.2 billion by the end of Dec 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 42.10%. While earnings are projected to return -201.20% in 2022, the next five years will return 43.00% per annum.
Roku Inc. is due to release its next quarterly earnings between February 16 and February 21. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Roku Inc. (NASDAQ:ROKU)’s Major holders
Roku Inc. insiders own 0.32% of total outstanding shares while institutional holders control 77.57%, with the float percentage being 77.82%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 876 institutions own stock in it. As of Mar 30, 2022, the company held over 10.48 million shares (or 8.75% of all shares), a total value of $1.31 billion in shares.
The next largest institutional holding, with 10.48 million shares, is of FMR, LLC’s that is approximately 8.74% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.31 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 Fidelity Advisor Growth Opportunities Fund. Data provided on Jun 29, 2022 indicates that ARK ETF Tr-ARK Innovation ETF owns about 7.93 million shares. This amounts to just over 6.61 percent of the company’s overall shares, with a $651.15 million market value. The same data shows that the other fund manager holds slightly less at 3.78 million, or about 3.15% of the stock, which is worth about $358.73 million.