As of Friday close, Roku Inc.’s (NASDAQ:ROKU) stock was down -$2.12, moving down -2.40 percent to $86.35. The average number of shares traded per day over the past five days has been 16,700,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.26 fall in that time frame. In the last twenty days, the average volume was 13,024,430, while in the previous 50 days, it was 9,130,722.
Since last month, ROKU stock rose 40.18%. Shares of the company fell to $60.55 on 07/06/23, the lowest level in the past month. A 52-week high of $98.44 was reached on 08/01/23 after having rallying from a 52-week low of $38.26. Since the beginning of this year, ROKU’s stock price has risen by 112.16% or $45.65, and marked a new high 24 times. However, the stock has declined by -12.28% since its 52-week high.
ROKU stock investors should be aware that Roku Inc. (ROKU) stock had its last reported insider trading activity 5 days ago on Jul 31. KAY STEPHEN H, the SVP General Counsel, Secretary of the company, disposed of 5,692 shares for $91.68 on Jul 31. It resulted in a $521,843 divestment by the insider. Fyfield Mai sold 398 shares at an average price of $69.86 on Jun 12. The insider now owns 1,745 shares following the transaction. On Jun 05, SVP, Corporate Development Fuchsberg Gilbert sold 2,129 shares at $59.44 apiece. The transaction was valued at $126,548.
Valuation Metrics
The stock’s beta is 1.74. Besides these, the trailing price-to-sales (P/S) ratio of 2.95, the price-to-book (PB) ratio of 4.75.
Financial Health
In the three months ended June 29, Roku Inc.’s quick ratio stood at 3.00, while its current ratio was 3.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 45.10% percent. In the year ended June 29, EBITDA margin amounted to -13.41%, whereas operating margins totaled -16.90%. Based on annual data, ROKU earned $1.44 billion in gross profit and brought in $3.13 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.70%. Return on equity (ROE) for the past 12 months was -18.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ROKU’s revenue rose 9.77% to $740.99 million during the quarter, while net income inched up to $847.19 million. While analysts expected Roku Inc. to report -$1.26 quarterly earnings, the actual figure was -$0.76 per share, beating the consensus estimate by 39.70%. During the quarter, the company generated -$39.27 million in EBITDA. The liabilities of Roku Inc. were 1.62 billion at the end of its most recent quarter ended June 29, and its total debt was $648.74 million. The value of shareholders’ equity is $141.51 million.
Technical Picture
This quick technical analysis looks at Roku Inc.’s (ROKU) price momentum. With a historical volatility rate of 153.32%, the RSI 9-day stood at 58.31% on 04 August.
With respect to its five-day moving average, the current Roku Inc. price is down by -3.64% percent or -$3.26. At present, ROKU shares trade +37.43% above its 20-day simple moving average and +45.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately +54.53% above its SMA50 and +64.29% above its SMA200.
Stochastic coefficient K was 68.28% and Stochastic coefficient D was 79.68%, while ATR was 5.35. Given the Stochastic reading of 60.67% for the 14-day period, the RSI (14) reading has been calculated as 60.09%. As of today, the MACD Oscillator reading stands at 4.30, while the 14-day reading stands at 7.88.
Analyst Ratings
Roku Inc. downgraded its rating on Roku Inc. (NASDAQ: ROKU) to a Neutral in a note to investors on August 03, 2023. The analysts firm previously had a Buy rating on the stock.Roku Inc. (ROKU) has been rated Hold by analysts. According to 5 brokerage firms, ROKU is a sell, and 15 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Roku Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $84.50, the current consensus forecast for the stock is $50.00 – $100.00. Based on these forecasts, analysts predict Roku Inc. (ROKU) will achieve an average price target of $79.46.
