After finishing at $62.79 in the prior trading day, Roku Inc (NASDAQ: ROKU) closed at $62.67, down -0.19%. In other words, the price has decreased by -$0.12 from its previous closing price. On the day, 5128059 shares were traded. ROKU stock price reached its highest trading level at $63.30 during the session, while it also had its lowest trading level at $61.30.
Ratios:
Our goal is to gain a better understanding of ROKU by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.93. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Collier Charles sold 8,365 shares for $63.20 per share. The transaction valued at 528,668 led to the insider holds 12,656 shares of the business.
KAY STEPHEN H sold 4,310 shares of ROKU for $272,392 on Mar 04 ’24. The SVP General Counsel, Secretary now owns 81,459 shares after completing the transaction at $63.20 per share. On Mar 04 ’24, another insider, Fuchsberg Gilbert, who serves as the SVP, Subscriptions & Corp Dev of the company, sold 1,908 shares for $63.20 each. As a result, the insider received 120,586 and left with 36,258 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 8.99B and an Enterprise Value of 7.62B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 3.87. Its current Enterprise Value per Revenue stands at 2.19 whereas that against EBITDA is -13.36.
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 84.24, while the 200-Day Moving Average is calculated to be 78.46.
Shares Statistics:
The stock has traded on average 6.65M shares per day over the past 3-months and 7.7M shares per day over the last 10 days, according to various share statistics. 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 73.66% stake in the company. Shares short for ROKU as of Feb 15, 2024 were 9.43M with a Short Ratio of 1.42, compared to 10.99M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.57% and a Short% of Float of 8.33%.
Earnings Estimates
Its stock is currently analyzed by 22 different market analysts. On average, analysts expect EPS of -$0.61 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.82, while EPS last year was -$1.38. The consensus estimate for the next quarter is -$0.48, with high estimates of -$0.21 and low estimates of -$0.77.
Analysts are recommending an EPS of between -$1.12 and -$2.95 for the fiscal current year, implying an average EPS of -$1.95. EPS for the following year is -$1.12, with 21 analysts recommending between $0.57 and -$2.15.
Revenue Estimates
24 analysts predict $851.7M in revenue for the current quarter. It ranges from a high estimate of $867.6M to a low estimate of $848M. As of the current estimate, Roku Inc’s year-ago sales were $708.49M, an estimated increase of 20.20% from the year-ago figure. For the next quarter, 24 analysts are estimating revenue of $936.17M, an increase of 21.00% over than the figure of $20.20% in the same quarter last year. There is a high estimate of $971M for the next quarter, whereas the lowest estimate is $906.97M.
A total of 26 analysts have provided revenue estimates for ROKU’s current fiscal year. The highest revenue estimate was $4B, while the lowest revenue estimate was $3.79B, resulting in an average revenue estimate of $3.89B. In the same quarter a year ago, actual revenue was $3.48B, up 11.60% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $4.4B in the next fiscal year. The high estimate is $4.64B and the low estimate is $4.14B. The average revenue growth estimate for next year is up 13.00% from the average revenue estimate for this year.
