The stock price of Roku Inc (NASDAQ: ROKU) has plunged by -0.82 when compared to previous closing price of 62.55, but the company has seen a -0.64% decline in its stock price over the last five trading sessions. fool.com reported 2024-07-21 that Roku is a crucial revenue-bearing intermediary between consumers and streaming services. As such, it’s not necessarily vulnerable to the streaming industry’s stagnating growth.
Is It Worth Investing in Roku Inc (NASDAQ: ROKU) Right Now?
The 36-month beta value for ROKU is also noteworthy at 1.96. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ROKU is 125.99M, and at present, short sellers hold a 9.55% of that float. The average trading volume of ROKU on July 22, 2024 was 3.77M shares.
ROKU’s Market Performance
The stock of Roku Inc (ROKU) has seen a -0.64% decrease in the past week, with a 15.60% rise in the past month, and a 9.03% gain in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are at 3.95% for ROKU. The simple moving average for the past 20 days is 2.32% for ROKU’s stock, with a -14.50% simple moving average for the past 200 days.
Analysts’ Opinion of ROKU
Many brokerage firms have already submitted their reports for ROKU stocks, with Jefferies repeating the rating for ROKU by listing it as a “Underperform.” The predicted price for ROKU in the upcoming period, according to Jefferies is $50 based on the research report published on May 02, 2024 of the current year 2024.
Seaport Research Partners, on the other hand, stated in their research note that they expect to see ROKU reach a price target of $74. The rating they have provided for ROKU stocks is “Buy” according to the report published on April 29th, 2024.
Wells Fargo gave a rating of “Underweight” to ROKU, setting the target price at $51 in the report published on February 27th of the current year.
ROKU Trading at 5.35% 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 -43.00% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares surge +13.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.93% upper at present.
During the last 5 trading sessions, ROKU fell by -0.88%, which changed the moving average for the period of 200-days by -9.85% in comparison to the 20-day moving average, which settled at $61.01. In addition, Roku Inc saw -32.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROKU starting from Collier Charles, who sale 3,590 shares at the price of $65.00 back on Jul 16 ’24. After this action, Collier Charles now owns 12,064 shares of Roku Inc, valued at $233,350 using the latest closing price.
KAY STEPHEN H, the SVP General Counsel, Secretary of Roku Inc, sale 12,124 shares at $55.59 during a trade that took place back on Jun 13 ’24, which means that KAY STEPHEN H is holding 91,905 shares at $673,973 based on the most recent closing price.
Stock Fundamentals for ROKU
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.43 for the gross margin
The net margin for Roku Inc stands at -0.16. The total capital return value is set at -0.2. Equity return is now at value -23.10, with -13.81 for asset returns.
Based on Roku Inc (ROKU), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -10342.76.
Currently, EBITDA for the company is -308.26 million with net debt to EBITDA at 3.77. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 5.06for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In summary, Roku Inc (ROKU) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
