In today’s recent session, 1.16 million shares of the Roku Inc (NASDAQ:ROKU) have been traded, and its beta is 2.04. Most recently the company’s share price was $55.55, and it changed around $2.52 or 4.75% from the last close, which brings the market valuation of the company to $8.01B. ROKU at last check was trading at a discount to its 52-week high of $108.84, offering almost -95.93% off that amount. The share price’s 52-week low was $48.33, which indicates that the recent value has risen by an impressive 13.0% since then. We note from Roku Inc’s average daily trading volume that its 10-day average is 4.79 million shares, with the 3-month average coming to 3.45 million.
Roku Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.53. 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 -0.35 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 4.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 58.68 on recent trading dayincreased the stock’s daily price by 5.33%. The company’s shares are currently down -39.40% year-to-date, but still down -4.57% over the last five days. On the other hand, Roku Inc (NASDAQ:ROKU) is -11.98% down in the 30-day period. We can see from the shorts that 11.35 million shares have been sold at a short interest cover period of 3.41 day(s).
The consensus price target as assigned by Wall Street analysts is $80, which translates to bulls needing to increase their stock price by 30.56% 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 -40.58 percent over the past six months and at a 71.06% annual growth rate that is well above the industry average of 24.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 85.00% in revenue this quarter, and will report an increase of 9.10% in the next quarter. The year-over-year growth rate is expected to be 13.00%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of 1.01B in revenue for the current quarter. 24 analysts expect Roku Inc to make 1.11B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 12.30%.
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 70.73% in 2024, but the outlook is positive 43.00% per year for the next five years.
ROKU Dividends
Roku Inc’s next quarterly earnings report is expected to be released on 2024-Oct-30.
Roku Inc (NASDAQ:ROKU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.58% of Roku Inc shares, and 77.59% of them are in the hands of institutional investors. The stock currently has a share float of 78.04%. Roku Inc stock is held by 753.0 institutions, with FMR LLC being the largest institutional investor. By 2024-03-31, it held 9.3459% of the shares, which is about 13.37 million shares worth $871.04 million.
ARK INVESTMENT MANAGEMENT LLC, with 8.735% or 12.56 million shares worth $818.32 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
