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ROKU Stock Forecast: All the More Reason to Consider Roku Inc (ROKU) Now

Roku Inc (NASDAQ: ROKU) is -31.15% lower on its value in year-to-date trading and has touched a low of $51.51 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 $61.02 in the last trading session, with the day’s gains setting it 2.09%.

Currently trading at $63.11, the stock is 9.99% and 8.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing 3.43% at the moment leaves the stock -13.39% off its SMA200. ROKU registered 0.45% gain for a year compared to 6-month loss of -29.32%.

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The stock witnessed a 8.87% gain in the last 1 month and extending the period to 3 months gives it a 3.71%, and is 1.02% up 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 3.24% over the week and 3.77% over the month.

Roku Inc (ROKU) has around 3150 employees, a market worth around $9.10B and $3.63B in sales. Profit margin for the company is -15.64%. Distance from 52-week low is 22.52% and -42.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.38%).

The EPS is expected to grow by 64.04% this year.

Roku Inc (ROKU) Top Institutional Holders

The shares outstanding are 126.12M, and float is at 125.99M with Short Float at 9.40%.

Roku Inc (ROKU) Insider Activity

The most recent transaction is an insider sale by KAY STEPHEN H,the company’sSVP General Counsel, Secretary. SEC filings show that KAY STEPHEN H sold 12,124 shares of the company’s common stock on Jun 13 ’24 at a price of $55.59 per share for a total of $0.67 million. Following the sale, the insider now owns 91905.0 shares.

Roku Inc disclosed in a document filed with the SEC on Jun 10 ’24 that Fyfield Mai (Director) sold a total of 650 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $57.88 per share for $37622.0. Following the transaction, the insider now directly holds 3259.0 shares of the ROKU stock.

Still, SEC filings show that on Jun 05 ’24, Banks Matthew C. (VP, Corp Controller & CAO) disposed off 838 shares at an average price of $57.83 for $48462.0. The insider now directly holds 5,794 shares of Roku Inc (ROKU).

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