In the latest trading session, 3.21 million Roku Inc (NASDAQ:ROKU) shares changed hands as the company’s beta touched 2.07. With the company’s most recent per share price at $82.72 changing hands around $7.03 or 9.29% at last look, the market valuation stands at $12.01B. ROKU’s current price is a discount, trading about -31.58% off its 52-week high of $108.84. The share price had its 52-week low at $48.33, which suggests the last value was 41.57% up since then. When we look at Roku Inc’s average trading volume, we note the 10-day average is 4.26 million shares, with the 3-month average coming to 3.80 million.
Analysts gave the Roku Inc (ROKU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.35. If we narrow down to specifics, the data shows that 3 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended ROKU as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Roku Inc’s EPS for the current quarter is expected to be -0.46.
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Roku Inc (NASDAQ:ROKU) trade information
Instantly ROKU is in green as seen in intraday trades today. With action 24.75%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -9.75%, with the 5-day performance at 24.75% in the green. However, in the 30-day time frame, Roku Inc (NASDAQ:ROKU) is 23.13% up. Looking at the short shares, we see there were 12.52 million shares sold at short interest cover period of 2.87 days.
The consensus price target for the stock as assigned by Wall Street analysts is 76, meaning bulls need a downside of -8.84% from its recent market value. According to analyst projections, ROKU’s forecast low is 55 with 93 as the target high. To hit the forecast high, the stock’s price needs a -12.43% plunge from its current level, while the stock would need to tank 33.51% for it to hit the projected low.
Roku Inc (ROKU) estimates and forecasts
Data shows that the Roku Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.33% over the past 6 months, a 78.04% in annual growth rate that is considerably higher than the industry average of 17.80%. Year-over-year growth is forecast to reach 16.24% up from the last financial year.
Consensus estimates given by 24 financial analysts project the company’s revenue in the current quarter to hit an average of 1.14B. 18 analysts are of the opinion that Roku Inc’s revenue for the current quarter will be 1B. The company’s revenue for the corresponding quarters a year ago was 984.42M and 881.47M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.90%. The estimates for the next quarter sales put growth at 13.76%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -126.17%. The 2024 estimates are for Roku Inc earnings to increase by 78.69%, but the outlook for the next 5-year period is at 43.00% per year.
ROKU Dividends
Roku Inc is expected to release its next quarterly earnings report in January.
Roku Inc (NASDAQ:ROKU)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.62% of Roku Inc shares while 83.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.14%. There are 83.62% institutions holding the Roku Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 9.9656% of the shares, roughly 14.33 million ROKU shares worth $858.53 million.
ARK INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 8.8462% or 12.72 million shares worth $762.1 million as of 2024-06-30.
