In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Roku Inc’s stock clocked out at $60.33, up 2.06% from its previous closing price of $59.11. In other words, the price has increased by $2.06 from its previous closing price. On the day, 3.09 million shares were traded. ROKU stock price reached its highest trading level at $61.17 during the session, while it also had its lowest trading level at $59.5478.
Ratios:
To gain a deeper understanding of ROKU’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.29. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
On April 29, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $74.
Wells Fargo Downgraded its Equal Weight to Underweight on February 27, 2024, whereas the target price for the stock was revised from $77 to $51.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 01 ’24 when Banks Matthew C. sold 206 shares for $57.28 per share. The transaction valued at 11,800 led to the insider holds 5,162 shares of the business.
Banks Matthew C. sold 207 shares of ROKU for $13,511 on Apr 01 ’24. The VP, Corp Controller & CAO now owns 5,368 shares after completing the transaction at $65.27 per share. On Mar 13 ’24, another insider, Blackburn Jeffrey M, who serves as the Director of the company, bought 8,000 shares for $63.96 each. As a result, the insider paid 511,680 and bolstered with 8,000 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 8521793024 and an Enterprise Value of 7281429504. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 3.72. Its current Enterprise Value per Revenue stands at 2.009 whereas that against EBITDA is -149.811.
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 -2.78%, while the 200-Day Moving Average is calculated to be -22.37%.
Shares Statistics:
It appears that ROKU traded 6.11M shares on average per day over the past three months and 6614300 shares per day 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 77.35% stake in the company. Shares short for ROKU as of 1713139200 were 11572916 with a Short Ratio of 1.89, compared to 1710460800 on 9063854. Therefore, it implies a Short% of Shares Outstanding of 11572916 and a Short% of Float of 10.3999995.
