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In the latest session, Roku Inc (NASDAQ: ROKU) closed at $58.69 up 1.91% from its previous closing price of $57.59. In other words, the price has increased by $1.91 from its previous closing price. On the day, 3.09 million shares were traded. ROKU stock price reached its highest trading level at $58.92 during the session, while it also had its lowest trading level at $57.25.
Ratios:
For a deeper understanding of Roku Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.63. For the most recent quarter (mrq), Quick Ratio is recorded 2.34 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.25.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on February 27, 2024, Downgraded its rating to Underweight and sets its target price to $51 from $77 previously.
On February 21, 2024, Citigroup reiterated its Neutral rating and also upped its target price recommendation from $110 to $75.
Pivotal Research Group reiterated its Hold rating for the stock on February 16, 2024, while the target price for the stock was revised from $85 to $75.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 01 ’24 when Banks Matthew C. sold 207 shares for $65.27 per share. The transaction valued at 13,511 led to the insider holds 5,368 shares of the business.
Blackburn Jeffrey M bought 8,000 shares of ROKU for $511,680 on Mar 13 ’24. The Director now owns 8,000 shares after completing the transaction at $63.96 per share. On Mar 08 ’24, another insider, Collier Charles, who serves as the President, Roku Media of the company, sold 4,182 shares for $65.00 each. As a result, the insider received 271,830 and left with 8,474 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ROKU now has a Market Capitalization of 8423305728 and an Enterprise Value of 7051684352. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 2.024 whereas that against EBITDA is -44.383.
Stock Price History:
Over the past 52 weeks, ROKU has reached a high of $108.84, while it has fallen to a 52-week low of $51.62. The 50-Day Moving Average of the stock is -13.96%, while the 200-Day Moving Average is calculated to be -25.16%.
Shares Statistics:
For the past three months, ROKU has traded an average of 5.82M shares per day and 3331340 over the past ten days. A total of 126.12M shares are outstanding, with a floating share count of 125.37M. Insiders hold about 12.66% of the company’s shares, while institutions hold 73.72% stake in the company. Shares short for ROKU as of 1711584000 were 9682585 with a Short Ratio of 1.66, compared to 1709164800 on 9252665. Therefore, it implies a Short% of Shares Outstanding of 9682585 and a Short% of Float of 8.55.
Earnings Estimates
Currently, Roku, Inc. analysts are dedicated to thoroughly evaluating and rating the performance of Roku Inc (ROKU) in the stock market.The consensus estimate for the next quarter is $273.50, with high estimates of $54.25 and low estimates of $33.72.
