In today’s recent session, 2.22 million shares of the Roku Inc (NASDAQ:ROKU) have been traded, and its beta is 1.93. Most recently the company’s share price was $59.80, and it changed around $1.89 or 3.26% from the last close, which brings the market valuation of the company to $8.62B. ROKU at last check was trading at a discount to its 52-week high of $108.84, offering almost -82.01% off that amount. The share price’s 52-week low was $51.62, which indicates that the recent value has risen by an impressive 13.68% since then. We note from Roku Inc’s average daily trading volume that its 3-month average coming to 5.90 million.
Roku Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.58. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended ROKU as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Roku Inc is expected to report earnings per share of -$0.43 for the current quarter.
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Roku Inc (NASDAQ:ROKU) trade information
Instantly ROKU has been showing a green trend so far today with a performance of 3.26% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -34.76% year-to-date, but still down -0.88% over the last five days. On the other hand, Roku Inc (NASDAQ:ROKU) is -0.17% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $126.43, which translates to bulls needing to increase their stock price by 52.7% from its current value. Analyst projections state that ROKU is forecast to be at a low of $30 and a high of $410.
Roku Inc (ROKU) estimates and forecasts
Roku Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.70 percent over the past six months and at a 61.28% annual growth rate that is well above the industry average of 25.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 43.40% in revenue this quarter, and will report an increase of 80.30% in the next quarter. The year-over-year growth rate is expected to be 12.30%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $937.33 million in revenue for the current quarter. 23 analysts expect Roku Inc to make $1.01 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $773.43 million. Analysts predict that the company’s current quarter sales will jump, forecast at 21.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -126.17%. Roku Inc earnings are expected to increase by 63.73% in 2024, but the outlook is positive 43.00% per year for the next five years.
