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Roku Inc (ROKU) Stock Could Soon Reward Patient Investors

Roku Inc (NASDAQ: ROKU) is -31.43% lower on its value in year-to-date trading and has touched a low of $51.62 and a high of $108.84 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 $64.19 in the last trading session, with the day’s loss setting it -1.34%.

Currently trading at $62.85, the stock is -1.97% and -16.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.99 million and changing -2.09% at the moment leaves the stock -20.20% off its SMA200. ROKU registered 2.00% gain for a year compared to 6-month loss of -10.96%. The firm has a 50-day simple moving average (SMA 50) of $2.19 and a 200-day simple moving average (SMA200) of -$13.40.

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The stock witnessed a -0.79% gain in the last 1 month and extending the period to 3 months gives it a -31.43%, and is -2.77% 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 2.80% over the week and 3.20% over the month.

Roku Inc (ROKU) has around 3150 employees, a market worth around $9.02B and $3.48B in sales. Profit margin for the company is -20.36%. Distance from 52-week low is 21.75% and -42.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.36%).

Roku Inc quarterly earnings per share for the current quarter are estimated at -$0.61 with sales reaching $851.7M over the same period.The EPS is expected to grow by 61.22% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 20.20% in year-over-year returns.

Roku Inc (ROKU) Top Institutional Holders

795 institutions hold shares in Roku Inc (ROKU), with institutional investors hold 85.69% of the company’s shares. The shares outstanding are 126.12M, and float is at 125.34M with Short Float at 7.23%. Institutions hold 85.12% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.4 million shares valued at $728.85 million. The investor’s holdings represent 9.18% of the ROKU Shares outstanding. As of Sep 29, 2023, the second largest holder is ARK Investment Management, LLC with 10.44 million shares valued at $736.95 million to account for 8.41% of the shares outstanding. The other top investors are Sumitomo Mitsui Trust Holdings, Inc. which holds 7.36 million shares representing 5.93% and valued at over $470.68 million, while Nikko Asset Management Americas, Inc. holds 5.72% of the shares totaling 7.1 million with a market value of $453.8 million.

Roku Inc (ROKU) Insider Activity

The most recent transaction is an insider purchase by Blackburn Jeffrey M,the company’sDirector. SEC filings show that Blackburn Jeffrey M bought 8,000 shares of the company’s common stock on Mar 13 ’24 at a price of $63.96 per share for a total of $0.51 million. Following the purchase, the insider now owns 8000.0 shares.

Roku Inc disclosed in a document filed with the SEC on Mar 08 ’24 that Collier Charles (President, Roku Media) sold a total of 4,182 shares of the company’s common stock. The trade occurred on Mar 08 ’24 and was made at $65.00 per share for $0.27 million. Following the transaction, the insider now directly holds 8474.0 shares of the ROKU stock.

Still, SEC filings show that on Mar 04 ’24, Collier Charles (President, Roku Media) disposed off 8,365 shares at an average price of $63.20 for $0.53 million. The insider now directly holds 12,656 shares of Roku Inc (ROKU).

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