Roku Inc (NASDAQ: ROKU)’s stock price has dropped by -2.92 in relation to previous closing price of 76.02. Nevertheless, the company has seen a loss of -0.77% in its stock price over the last five trading days. zacks.com reported 2024-09-23 that Zacks.com users have recently been watching Roku (ROKU) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Is It Worth Investing in Roku Inc (NASDAQ: ROKU) Right Now?
Additionally, the 36-month beta value for ROKU is 2.07. 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 126.50M and currently, short sellers hold a 7.94% ratio of that float. The average trading volume of ROKU on September 24, 2024 was 3.72M shares.
ROKU’s Market Performance
The stock of Roku Inc (ROKU) has seen a -0.77% decrease in the past week, with a 19.40% rise in the past month, and a 35.54% gain in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are at 4.27% for ROKU. The simple moving average for the past 20 days is 5.33% for ROKU’s stock, with a 6.61% simple moving average for the past 200 days.
Analysts’ Opinion of ROKU
Many brokerage firms have already submitted their reports for ROKU stocks, with Wolfe Research repeating the rating for ROKU by listing it as a “Outperform.” The predicted price for ROKU in the upcoming period, according to Wolfe Research is $93 based on the research report published on September 12, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ROKU reach a price target of $72, previously predicting the price at $50. The rating they have provided for ROKU stocks is “Equal Weight” according to the report published on September 05th, 2024.
Guggenheim gave a rating of “Buy” to ROKU, setting the target price at $75 in the report published on August 23rd of the current year.
ROKU Trading at 16.77% 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 -32.19% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +6.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.35% upper at present.
During the last 5 trading sessions, ROKU fell by -0.77%, which changed the moving average for the period of 200-days by -29.84% in comparison to the 20-day moving average, which settled at $70.30. In addition, Roku Inc saw -19.49% 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 Jedda Dan, who sale 1,000 shares at the price of $75.33 back on Sep 17 ’24. After this action, Jedda Dan now owns 54,267 shares of Roku Inc, valued at $75,330 using the latest closing price.
DANIEL JEDDA, the Officer of Roku Inc, proposed sale 1,000 shares at $75.33 during a trade that took place back on Sep 17 ’24, which means that DANIEL JEDDA is holding shares at $75,330 based on the most recent closing price.
Stock Fundamentals for ROKU
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.42 for the gross margin
The net margin for Roku Inc stands at -0.13. The total capital return value is set at -0.18. Equity return is now at value -20.03, with -11.94 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 0.5. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -9905.89.
Currently, EBITDA for the company is -308.26 million with net debt to EBITDA at 4.15. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 5.57for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
In conclusion, Roku Inc (ROKU) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
