Roku Inc. (NASDAQ: ROKU) is -73.32% lower on its value in year-to-date trading and has touched a low of $62.00 and a high of $350.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ROKU stock was last observed hovering at around $65.62 in the last trading session, with the day’s loss setting it -4.73% off its average median price target of $80.00 for the next 12 months. It is also 53.16% off the consensus price target high of $130.00 offered by 31 analysts, but current levels are -14.89% lower than the price target low of $53.00 for the same period.
Currently trading at $60.89, the stock is -11.61% and -20.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.66 million and changing -7.22% at the moment leaves the stock -49.01% off its SMA200. ROKU registered -81.25% loss for a year compared to 6-month loss of -51.42%.
The stock witnessed a -11.56% gain in the last 1 month and extending the period to 3 months gives it a -36.59%, and is -17.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.39% over the week and 5.94% over the month.
Roku Inc. (ROKU) has around 3000 employees, a market worth around $8.69B and $3.04B in sales. Profit margin for the company is -1.50%. Distance from 52-week low is -1.79% and -82.63% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
Roku Inc. (ROKU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Roku Inc. (ROKU) is a “Overweight”. 31 analysts offering their recommendations for the stock have an average rating of 2.20, where 9 rate it as a Hold and 0 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Roku Inc. is expected to release its quarterly report on 11/02/2022.The EPS is expected to shrink by -190.60% this year
Roku Inc. (ROKU) Top Institutional Holders
The shares outstanding are 136.85M, and float is at 120.34M with Short Float at 9.12%.
Roku Inc. (ROKU) Insider Activity
A total of 20 insider transactions have happened at Roku Inc. (ROKU) in the last six months, with sales accounting for 8 and purchases happening 12 times. The most recent transaction is an insider sale by KAY STEPHEN H, the company’s SVP General Counsel, Secretary. SEC filings show that KAY STEPHEN H sold 1,232 shares of the company’s common stock on Sep 06 at a price of $65.90 per share for a total of $81189.0. Following the sale, the insider now owns 78703.0 shares.
Roku Inc. disclosed in a document filed with the SEC on Sep 02 that KAY STEPHEN H (SVP General Counsel, Secretary) sold a total of 1,433 shares of the company’s common stock. The trade occurred on Sep 02 and was made at $66.94 per share for $95925.0. Following the transaction, the insider now directly holds 79935.0 shares of the ROKU stock.
Still, SEC filings show that on Sep 02, Fuchsberg Gilbert (SVP, Corporate Development) disposed off 3,218 shares at an average price of $66.94 for $0.22 million. The insider now directly holds 32,385 shares of Roku Inc. (ROKU).
Roku Inc. (ROKU): Who are the competitors?
The company’s main competitors (and peers) include Roku Inc. (ROKU) that is trading -81.25% down over the past 12 months. Emerson Radio Corp. (MSN) is -44.19% down on the 1-year trading charts.