Is a Correction Looming Ahead for Roku, Inc. (ROKU)

Roku, Inc. (NASDAQ:ROKU) went up by 6.84% from its latest closing price compared to the recent 1-year high of $185.44. The company’s stock price has collected 3.62% of gains in the last five trading sessions. Barron's reported 23 hours ago that These 10 Internet Stocks Are Still Worth Buying

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Is It Worth Investing in Roku, Inc. (NASDAQ :ROKU) Right Now?

Roku, Inc. (NASDAQ:ROKU) scored a price-to-earnings ratio above its average ratio, recording 43.26 x from its present earnings ratio. Opinions of the stock are interesting as 17 analysts out of 24 who provided ratings for Roku, Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 2 as “sell.”

The average price from analysts is $169.38, which is -$1.69 below the current price. ROKU currently public float of 105.18M and currently shorts hold a 7.06% ratio of that float. Today, the average trading volume of ROKU was 9.53M shares.

ROKU’s Market Performance

ROKU stocks went up by 3.62% for the week, with a monthly jump of 14.76% and a quarterly performance of 39.49%, while its annual performance rate touched 12.69%. The volatility ratio for the week stands at 5.04% while the volatility levels for the past 30 days are set at 5.61% for Roku, Inc.. The simple moving average for the period of the last 20 days is 5.73% for ROKU stocks with a simple moving average of 31.76% for the last 200 days.

Analysts’ Opinion of ROKU

Many brokerage firms have already submitted their reports for ROKU stocks, with KeyBanc Capital Markets repeating the rating for ROKU by listing it as a “Overweight.” The predicted price for ROKU in the upcoming period, according to KeyBanc Capital Markets is $228 based on the research report published on September 15th of the current year 2020.

Wells Fargo, on the other hand, stated in their research note that they expect to see ROKU reach a price target of $215. The rating they have provided for ROKU stocks is “Overweight” according to the report published on September 8th, 2020.

Citigroup gave a rating of “Buy” to ROKU, setting the target price at $180 in the report published on August 26th of the current year.

ROKU Trading at 9.35% from the 50-Day Moving Average

After a stumble in the market that brought ROKU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.12% of loss for the given period.

Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares surge +15.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.64% upper at present.

During the last 5 trading sessions, ROKU rose by +3.62%, which changed the moving average for the period of 200-days by +4.26% in comparison to the 20-day moving average, which settled at $160.53. In addition, Roku, Inc. saw 25.86% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ROKU starting from Louden Steve, who sold 75,000 shares at the price of $162.51 back on Sep 09. After this action, Louden Steve now owns 0 shares of Roku, Inc., valued at $12,188,490 using the latest closing price.

KAY STEPHEN H, the SVP General Counsel, Secretary of Roku, Inc., sold 1,312 shares at $172.78 during a trade that took place back on Sep 03, which means that KAY STEPHEN H is holding 85,812 shares at $226,687 based on the most recent closing price.

Stock Fundamentals for ROKU

Current profitability levels for the company are sitting at:

  • -5.42 for the present operating margin
  • +43.87 for the gross margin

The net margin for Roku, Inc. stands at -5.31. The total capital return value is set at -8.98, while invested capital returns managed to touch -8.95. Equity return is now at value -19.40, with -9.60 for asset returns.

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Based on Roku, Inc. (ROKU), the company’s capital structure generated 60.02 points at debt to equity in total, while total debt to capital is 37.51. Total debt to assets is 28.51, with long-term debt to equity ratio resting at -25.85. Finally, the long-term debt to capital ratio is 56.76.

When we switch over and look at the enterprise to sales, we see a ratio of 13.58, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 4.34 and the total asset turnover is 1.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.

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