Roku Inc (NASDAQ:ROKU) has a beta value of 2.05 and has seen 0.56 million shares traded in the recent trading session. The company, currently valued at $8.11B, closed the last trade at $56.05 per share which meant it lost -$0.46 on the day or -0.81% during that session. The ROKU stock price is -94.18% off its 52-week high price of $108.84 and 13.77% above the 52-week low of $48.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.51 million shares traded. The 3-month trading volume is 3.51 million shares.
The consensus among analysts is that Roku Inc (ROKU) is Buy stock at the moment, with a recommendation rating of 2.57. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 24 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.33.
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Roku Inc (NASDAQ:ROKU) trade information
Sporting -0.81% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ROKU stock price touched $56.05 or saw a rise of 1.92%. Year-to-date, Roku Inc shares have moved -38.85%, while the 5-day performance has seen it change 6.08%. Over the past 30 days, the shares of Roku Inc (NASDAQ:ROKU) have changed -13.41%. Short interest in the company has seen 10.28 million shares shorted with days to cover at 3.04.
Wall Street analysts have a consensus price target for the stock at $80, which means that the shares’ value could jump 29.94% from the levels at last check today. The projected low price target is $30.0 while the price target rests at a high of $410.0. In that case, then, we find that the latest price level in today’s session is -631.49% off the targeted high while a plunge would see the stock lose 46.48% from the levels at last check today.
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 -37.68% over the past 6 months, with this year growth rate of 71.06%, compared to 10.60% for the industry. Revenue growth from the last financial year stood is estimated to be 14.00%.
23 analysts offering their estimates for the company have set an average revenue estimate of 1.01B for the current quarter. 23 have an estimated revenue figure of 1.11B for the next ending quarter.
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 -126.17% over the past 5 years. Earnings growth for 2024 is a modest 71.54% while over the next 5 years, the company’s earnings are expected to increase by 43.00%.
Roku Inc (NASDAQ:ROKU)’s Major holders
Insiders own 0.58% of the company shares, while shares held by institutions stand at 79.06% with a share float percentage of 79.52%. Investors are also buoyed by the number of investors in a company, with Roku Inc having a total of 738.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 13.37 million shares worth more than $871.04 million. As of 2024-03-31, FMR LLC held 9.2978% of shares outstanding.
The other major institutional holder is ARK INVESTMENT MANAGEMENT LLC, with the holding of over 12.56 million shares as of 2024-03-31. The firm’s total holdings are worth over $818.32 million and represent 8.735% of shares outstanding.
