During the recent session, Roku Inc (NASDAQ:ROKU)’s traded shares were 1.14 million, with the beta value of the company hitting 2.06. At the last check today, the stock’s price was $66.76, reflecting an intraday loss of -2.45% or -$1.68. The 52-week high for the ROKU share is $108.84, that puts it down -63.03 from that peak though still a striking 27.61% gain since the share price plummeted to a 52-week low of $48.33. The company’s market capitalization is $9.66B, and the average intraday trading volume over the past 10 days was 3.54 million shares, and the average trade volume was 3.52 million shares over the past three months.
Roku Inc (ROKU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.48. ROKU has a Sell rating from 3 analyst(s) out of 24 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.33.
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Roku Inc (NASDAQ:ROKU) trade information
Roku Inc (ROKU) registered a -2.45% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.45% in intraday trading to $66.76, hitting a weekly high. The stock’s 5-day price performance is -3.45%, and it has moved by 20.66% in 30 days. Based on these gigs, the overall price performance for the year is -17.60%. The short interest in Roku Inc (NASDAQ:ROKU) is 11.25 million shares and it means that shorts have 2.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $77, which implies an increase of 13.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $410 respectively. As a result, ROKU is trading at a discount of -514.14% off the target high and 55.06% off the low.
Roku Inc (ROKU) estimates and forecasts
Statistics show that Roku Inc has outperformed its competitors in share price, compared to the industry in which it operates. Roku Inc (ROKU) shares have gone up 5.38% during the last six months, with a year-to-date growth rate more than the industry average at 71.06% against 10.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 85.80% this quarter and then jump 12.70% in the quarter after that. In the rating firms’ projections, revenue will increase 14.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.01B as predicted by 23 analyst(s). Meanwhile, a consensus of 23 analyst(s) estimates revenue growth to 1.11B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -126.17%. While earnings are projected to return 72.08% in 2024, the next five years will return 43.00% per annum.
ROKU Dividends
Roku Inc is due to release its next quarterly earnings on 2024-Oct-30. 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 0.61% of total outstanding shares while institutional holders control 80.61%, with the float percentage being 81.10%. FMR LLC is the largest shareholder of the company, while 737.0 institutions own stock in it. As of 2024-06-30, the company held over 14.33 million shares (or 9.9656% of all shares), a total value of $858.53 million in shares.
The next largest institutional holding, with 12.72 million shares, is of ARK INVESTMENT MANAGEMENT LLC’s that is approximately 8.8462% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $762.1 million.
