In the last trading session, 5.93 million Roku Inc (NASDAQ:ROKU) shares changed hands as the company’s beta touched 1.91. With the company’s per share price at $94.99 changed hands at $2.02 or 2.17% during last session, the market valuation stood at $13.54B. ROKU’s last price was a discount, traded about -3.63% off its 52-week high of $98.44. The share price had its 52-week low at $38.26, which suggests the last value was 59.72% up since then. When we look at Roku Inc’s average trading volume, we note the 10-day average is 7.68 million shares, with the 3-month average coming to 7.21 million.
Analysts gave the Roku Inc (ROKU) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.32. If we narrow down to specifics, the data shows that 1 out of 31 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 18 recommended ROKU as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Roku Inc’s EPS for the current quarter is expected to be -$0.55.
Roku Inc (NASDAQ:ROKU) trade information
Instantly ROKU was in green as seen at the end of in last trading. With action 13.12%, the performance over the past five days has been green. The jump to weekly highs of 96.48 on Monday, 11/20/23 added 2.17% to the stock’s daily price. The company’s shares are showing year-to-date upside of 133.39%, with the 5-day performance at 13.12% in the green. However, in the 30-day time frame, Roku Inc (NASDAQ:ROKU) is 58.85% up. Looking at the short shares, we see there were 9.16 million shares sold at short interest cover period of 1.73 days.
The consensus price target for the stock as assigned by Wall Street analysts is $86.95, meaning bulls need a downside of -9.25% from its current market value. According to analyst projections, ROKU’s forecast low is $55.00 with $115.00 as the target high. To hit the forecast high, the stock’s price needs a -21.07% plunge from its current level, while the stock would need to tank 42.1% for it to hit the projected low.
Roku Inc (ROKU) estimates and forecasts
Data shows that the Roku Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 67.77% over the past 6 months, a -37.85% in annual growth rate that is considerably lower than the industry average of -14.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Roku Inc will rise 67.60%, while the growth in revenue is estimated to hit 47.10% for the next quarter. Year-over-year growth is forecast to reach 10.80% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of $963.93 million. 17 analysts are of the opinion that Roku Inc’s revenue for the quarter ending Mar 2024 will be $825.92 million. The company’s revenue for the corresponding quarters a year ago was $867.06 million and $708.49 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.20%. The estimates for the next quarter sales put growth at 16.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -41.38%. The 2023 estimates are for Roku Inc earnings to decrease by -38.72%, but the outlook for the next 5-year period is at 43.00% per year.
Roku Inc is expected to release its next quarterly earnings report between February 13 and February 19.
Roku Inc (NASDAQ:ROKU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.44% of Roku Inc shares while 81.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.13%. There are 81.77% institutions holding the Roku Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 9.18% of the shares, roughly 11.4 million ROKU shares worth $728.85 million.
ARK Investment Management, LLC holds the second largest percentage of outstanding shares, with 8.41% or 10.44 million shares worth $736.95 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were ARK ETF Tr-ARK Innovation ETF and Fidelity Advisor Growth Opportunities Fund. With 7.69 million shares estimated at $542.53 million under it, the former controlled 6.19% of total outstanding shares. On the other hand, Fidelity Advisor Growth Opportunities Fund held about 3.58% of the shares, roughly 4.45 million shares worth around $428.27 million.