In today’s recent session, 2.8 million shares of the Roku Inc (NASDAQ:ROKU) have been traded, and its beta is 2.08. Most recently the company’s share price was $68.69, and it changed around -$4.92 or -6.68% from the last close, which brings the market valuation of the company to $9.97B. ROKU at last check was trading at a discount to its 52-week high of $108.84, offering almost -58.45% off that amount. The share price’s 52-week low was $48.33, which indicates that the recent value has risen by an impressive 29.64% since then. We note from Roku Inc’s average daily trading volume that its 10-day average is 3.88 million shares, with the 3-month average coming to 3.73 million.
Roku Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 2 out of 29 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 14 recommended ROKU as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight. Roku Inc is expected to report earnings per share of -0.46 for the current quarter.
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Roku Inc (NASDAQ:ROKU) trade information
Instantly ROKU has been showing red trend so far today with a performance of -6.68% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 76.35 on recent trading dayincreased the stock’s daily price by 10.03%. The company’s shares are currently down -25.05% year-to-date, but still down -8.66% over the last five days. On the other hand, Roku Inc (NASDAQ:ROKU) is -10.54% down in the 30-day period. We can see from the shorts that 8.93 million shares have been sold at a short interest cover period of 2.58 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 14.14% 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 risen 17.39 percent over the past six months and at a 78.04% annual growth rate that is well above the industry average of 18.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -78.96% in revenue this quarter, and will report an increase of 20.89% in the next quarter. The year-over-year growth rate is expected to be 16.24%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of 1.14B in revenue for the current quarter. 17 analysts expect Roku Inc to make 1B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 984.42M and 881.47M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.90%. Forecasts for the next quarter put sales growth at 13.60%.
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 78.68% 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 in December.
Roku Inc (NASDAQ:ROKU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.59% of Roku Inc shares, and 83.60% of them are in the hands of institutional investors. The stock currently has a share float of 84.10%. Roku Inc stock is held by 745.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 9.9656% of the shares, which is about 14.33 million shares worth $858.53 million.
ARK INVESTMENT MANAGEMENT LLC, with 8.8462% or 12.72 million shares worth $762.1 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Advisor Growth Opportunities Fund and ARK ETF Tr-ARK Innovation ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 9.3 shares worth $632.3 million, making up 7.27% of all outstanding shares. On the other hand, ARK ETF Tr-ARK Innovation ETF held roughly 8.21 shares worth around $558.7 million, which represents about 6.42% of the total shares outstanding.
