While Roku Inc has overperformed by 2.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ROKU fell by -11.06%, with highs and lows ranging from $99.80 to $48.33, whereas the simple moving average jumped by 14.69% in the last 200 days.
On January 10, 2025, MoffettNathanson Downgraded Roku Inc (NASDAQ: ROKU) to Sell. A report published by UBS on November 22, 2024, Initiated its previous ‘Neutral’ rating for ROKU. Robert W. Baird also Upgraded ROKU shares as ‘Outperform’, setting a target price of $90 on the company’s shares in a report dated November 18, 2024. JP Morgan Reiterated the rating as Overweight on October 10, 2024, but set its price target from $90 to $92. MoffettNathanson October 01, 2024d its ‘Sell’ rating to ‘Neutral’ for ROKU, as published in its report on October 01, 2024. Wolfe Research’s report from September 12, 2024 suggests a price prediction of $93 for ROKU shares, giving the stock a ‘Outperform’ rating. Wells Fargo also rated the stock as ‘Equal Weight’.
Analysis of Roku Inc (ROKU)
Further, the quarter-over-quarter increase in sales is 16.47%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Roku Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -7.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.40, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ROKU is recording an average volume of 3.79M. On a monthly basis, the volatility of the stock is set at 4.50%, whereas on a weekly basis, it is put at 4.47%, with a loss of -1.87% over the past seven days. Furthermore, long-term investors anticipate a median target price of $82.17, showing growth from the present price of $76.53, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 12.53%. 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 73.84% 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 73.84% at present.
