While Roku Inc has overperformed by 3.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ROKU rose by 10.24%, with highs and lows ranging from $108.84 to $48.33, whereas the simple moving average jumped by 10.55% in the last 200 days.
On September 12, 2024, Wolfe Research Upgraded Roku Inc (NASDAQ: ROKU) to Outperform. A report published by Wells Fargo on September 05, 2024, Upgraded its rating to ‘Equal Weight’ for ROKU. Guggenheim also Upgraded ROKU shares as ‘Buy’, setting a target price of $75 on the company’s shares in a report dated August 23, 2024. Jefferies Initiated an Underperform rating on May 02, 2024, and assigned a price target of $50. Seaport Research Partners April 29, 2024d its ‘Neutral’ rating to ‘Buy’ for ROKU, as published in its report on April 29, 2024. Wells Fargo’s report from February 27, 2024 suggests a price prediction of $51 for ROKU shares, giving the stock a ‘Underweight’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Roku Inc (ROKU)
Further, the quarter-over-quarter increase in sales is 14.28%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Roku Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -20.03% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ROKU is recording an average volume of 3.71M. On a monthly basis, the volatility of the stock is set at 3.96%, whereas on a weekly basis, it is put at 3.62%, with a gain of 2.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $72.48, showing decline from the present price of $76.36, which can serve as yet another indication of whether ROKU is worth investing in or should be passed over.
How Do You Analyze Roku Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ROKU shares are owned by institutional investors to the tune of 71.40% at present.
