The stock price of Roku Inc (NASDAQ: ROKU) has jumped by 4.76 compared to previous close of 68.87. Despite this, the company has seen a fall of -6.45% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-11-18 that Roku Inc (NASDAQ:ROKU) stock is 2.8% higher at $70.80 at last glance following a bull note at Baird.
Is It Worth Investing in Roku Inc (NASDAQ: ROKU) Right Now?
The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 2 as “sell.”
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The public float for ROKU is 127.04M, and at present, short sellers hold a 7.03% of that float. On November 18, 2024, the average trading volume of ROKU was 3.69M shares.
ROKU’s Market Performance
ROKU stock saw a decrease of -6.45% in the past week, with a monthly decline of -9.90% and a quarterly a decrease of 16.38%. The volatility ratio for the week is 4.60%, and the volatility levels for the last 30 days are 4.51% for Roku Inc (ROKU). The simple moving average for the last 20 days is -1.08% for ROKU’s stock, with a simple moving average of 10.01% for the last 200 days.
Analysts’ Opinion of ROKU
JP Morgan, on the other hand, stated in their research note that they expect to see ROKU reach a price target of $92, previously predicting the price at $90. The rating they have provided for ROKU stocks is “Overweight” according to the report published on October 10th, 2024.
MoffettNathanson gave a rating of “Neutral” to ROKU, setting the target price at $80 in the report published on October 01st of the current year.
ROKU Trading at -3.16% 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 -33.71% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 4.60%, as shares sank -6.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.40% upper at present.
During the last 5 trading sessions, ROKU fell by -6.37%, which changed the moving average for the period of 200-days by -20.67% in comparison to the 20-day moving average, which settled at $72.93. In addition, Roku Inc saw -21.29% 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 Wood Anthony J., who sale 25,000 shares at the price of $75.00 back on Nov 11 ’24. After this action, Wood Anthony J. now owns 26,538 shares of Roku Inc, valued at $1,875,000 using the latest closing price.
THE WOOD REVOCABLE TRUST U/A D, the Director of Roku Inc, proposed sale 25,000 shares at $73.82 during a trade that took place back on Nov 11 ’24, which means that THE WOOD REVOCABLE TRUST U/A D is holding shares at $1,845,500 based on the most recent closing price.
Stock Fundamentals for ROKU
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.43 for the gross margin
The net margin for Roku Inc stands at -0.04. The total capital return value is set at -0.08. Equity return is now at value -7.22, with -4.05 for asset returns.
Currently, EBITDA for the company is -570.67 million with net debt to EBITDA at 11.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.32. The receivables turnover for the company is 5.34for 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 2.56.
Conclusion
To sum up, Roku Inc (ROKU) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” 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.
