During the recent session, Roku Inc (NASDAQ:ROKU)’s traded shares were 7.64 million, with the beta value of the company hitting 2.06. At the last check today, the stock’s price was $61.22, reflecting an intraday loss of -21.02% or -$16.29. The 52-week high for the ROKU share is $108.84, that puts it down -77.79 from that peak though still a striking 21.06% gain since the share price plummeted to a 52-week low of $48.33. The company’s market capitalization is $8.86B, and the average intraday trading volume over the past 10 days was 2.91 million shares, and the average trade volume was 3.41 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 2.26. 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 -0.44.
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Roku Inc (NASDAQ:ROKU) trade information
Roku Inc (ROKU) registered a -21.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -21.02% in intraday trading to $61.22, hitting a weekly high. The stock’s 5-day price performance is -17.32%, and it has moved by -17.47% in 30 days. Based on these gigs, the overall price performance for the year is 2.77%. The short interest in Roku Inc (NASDAQ:ROKU) is 10.28 million shares and it means that shorts have 3.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $80, which implies an increase of 23.48% 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 -569.72% off the target high and 51.0% 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 2.13% during the last six months, with a year-to-date growth rate more than the industry average at 71.86% against 7.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 20.00% this quarter and then jump 17.10% in the quarter after that. In the rating firms’ projections, revenue will increase 13.50% 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 1.11B as predicted by 24 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 998.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 984.42M and 848.62M respectively. In this case, analysts expect current quarter sales to grow by 12.80% and then jump by 17.70% in the coming quarter.
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 76.60% 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 2025-Feb-13. 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 0.59% of total outstanding shares while institutional holders control 81.21%, with the float percentage being 81.69%. FMR LLC is the largest shareholder of the company, while 728.0 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.
