Roku Inc. (NASDAQ:ROKU) finished Thursday with a subtraction of -$4.73 to close at $60.89, a downside of -7.22 percent. An average of 8,636,420 shares of common stock have been traded in the last five days. There was a fall of -$12.92 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 8,412,275 shares traded, while the 50-day average volume stands at 10,572,826.
ROKU stock has decreased by -11.56% in the last month. The company shares reached their 1-month lowest point of $60.74 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $62.00 and a high of $350.60 in 52 weeks. It has reached a new high 1 time so far this year and lost -73.32% or -$167.31 in price. In spite of this, the price is down -82.63% from the 52-week high.
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17 days have passed since Roku Inc. (ROKU) last reported insider trading activity. KAY STEPHEN H, who is SVP General Counsel, Secretary, most recently acquired $1,232 shares at $65.90 per share on Sep 06. In this transaction, the insider spent $81,189. SVP General Counsel, Secretary, KAY STEPHEN H, disposed of 1,433 shares at a price of $66.94 on Sep 02. The insider now owns more than $95,925 worth of shares. Prior to that, SVP, Corporate Development Fuchsberg Gilbert went on to Sale 3,218 shares at $66.94 each on Sep 02. An amount of $215,413 was transacted.
Roku Inc. (ROKU) stock’s beta is 1.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.85, the price-to-book (PB) ratio at 2.98.
The quick ratio of Roku Inc. for the three months ended June 29 was 3.50, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.03 for the quarter ending June 29. Its gross profit as reported stood at $1.41 billion compared to revenue of $2.76 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Roku Inc.’s return on assets was -1.10%.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$112.32 million in the quarter, while revenues of -$26.31 million were grew 165.41%. The analyst consensus anticipated Roku Inc.’s latest quarter earnings to come in at -$0.69 per share, but it turned out to be -$0.82, a -18.80% surprise. For the quarter, EBITDA amounted to -$28.96 million. Shareholders own equity worth $137.93 million.
From a technical analysis perspective, let’s take a brief look at Roku Inc. (ROKU) price momentum. RSI 9-day as of the close on 22 September was 32.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.53%.
As of today, ROKU’s price is $67.86 -17.50% or -$12.92 from its 5-day moving average. ROKU is currently trading -11.77% lower than its 20-day SMA and -34.46% lower than its 100-day SMA. However, the stock’s current price level is -30.03% below the SMA50 and -71.03% below the SMA200.
The stochastic %K and %D were 25.62% and 49.17%, respectively, and the average true range (ATR) was 4.46. With the 14-day stochastic at 1.05% and the average true range at 4.67, the RSI (14) stands at 36.47%. The stock has reached -4.08 on the 9-day MACD Oscillator while the 14-day reading was at -3.43.
Pivotal Research Group upgraded Roku Inc. (NASDAQ: ROKU) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Roku Inc. (ROKU) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell ROKU, while 9 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 16 others rate it as a “buy”.