Roku Inc. (NASDAQ:ROKU) has a beta value of 1.73 and has seen 2.11 million shares traded in the recent trading session. The company, currently valued at $26.04B, closed the recent trade at $176.32 per share which meant it lost -$4.09 on the day or -2.27% during that session. The ROKU stock price is -178.33% off its 52-week high price of $490.76 and -1.3% below the 52-week low of $178.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.24 million shares traded. The 3-month trading volume is 5.15 million shares.
The consensus among analysts is that Roku Inc. (ROKU) is an Overweight stock at the moment, with a recommendation rating of 2.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 30 have rated it as a Hold, with 22 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.08.
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Sporting -2.27% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Friday, 01/07/22 when the ROKU stock price touched $176.32 or saw a rise of 24.73%. Year-to-date, Roku Inc. shares have moved -20.94%, while the 5-day performance has seen it change -20.94%. Over the past 30 days, the shares of Roku Inc. (NASDAQ:ROKU) have changed -29.55%. Short interest in the company has seen 6.04 million shares shorted with days to cover at 0.9.
Wall Street analysts have a consensus price target for the stock at $355.77, which means that the shares’ value could jump 50.44% from the levels at last check today. The projected low price target is $124.00 while the price target rests at a high of $550.00. In that case, then, we find that the latest price level in today’s session is -211.93% off the targeted high while a plunge would see the stock lose 29.67% from the levels at last check today.
Roku Inc. (ROKU) estimates and forecasts
Figures show that Roku Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -58.37% over the past 6 months, with this year growth rate of 1,207.14%, compared to 8.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -83.70% and -72.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 57.00%.
23 analysts offering their estimates for the company have set an average revenue estimate of $897.12 million for the current quarter. 14 have an estimated revenue figure of $751.03 million for the next quarter concluding in Mar 2022. Year-ago sales stood $649.89 million and $574.18 million respectively for this quarter and the next, and analysts expect sales will grow by 38.00% for the current quarter and 30.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.90% over the past 5 years. Earnings growth for 2022 is a modest 72.90% while over the next 5 years, the company’s earnings are expected to increase by 49.10%.
Roku Inc. is expected to release its next earnings report between February 16 and February 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Roku Inc. (NASDAQ:ROKU)’s Major holders
Insiders own 0.30% of the company shares, while shares held by institutions stand at 69.63% with a share float percentage of 69.84%. Investors are also buoyed by the number of investors in a company, with Roku Inc. having a total of 1,076 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 9.33 million shares worth more than $2.92 billion. As of Sep 29, 2021, FMR, LLC held 7.93% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 8.17 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $2.56 billion and represent 6.94% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Oct 30, 2021, the former fund manager holds about 3.02% shares in the company for having 3.56 million shares of worth $1.08 billion while later fund manager owns 3.29 million shares of worth $1.03 billion as of Sep 29, 2021, which makes it owner of about 2.80% of company’s outstanding stock.