Roku Inc. [NASDAQ: ROKU] price plunged by -3.33 percent to reach at -$1.73. The company report on October 19, 2022 that Roku to Announce Third Quarter 2022 Financial Results on November 2, 2022.

Roku, Inc. (Nasdaq: ROKU) today announced it will release third quarter 2022 financial results after the stock market close on Wednesday, November 2, 2022.

The company will host a live webcast of its conference call to discuss the results at 2:00 p.m. Pacific Time on November 2. Participants may access the live webcast in listen-only mode from the Roku investor relations website. An archived webcast of the conference call will also be available on the Roku website following the call.

A sum of 10177659 shares traded at recent session while its average daily volume was at 10.22M shares. Roku Inc. shares reached a high of $50.66 and dropped to a low of $48.45 until finishing in the latest session at $50.15.

The one-year ROKU stock forecast points to a potential upside of 37.83. The average equity rating for ROKU stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Roku Inc. [ROKU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ROKU shares is $80.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ROKU stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Pivotal Research Group have made an estimate for Roku Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 08, 2022. The new note on the price target was released on August 08, 2022, representing the official price target for Roku Inc. stock. Previously, the target price had yet another drop from $200 to $70, while Susquehanna kept a Neutral rating on ROKU stock.

The Average True Range (ATR) for Roku Inc. is set at 3.86, with the Price to Sales ratio for ROKU stock in the period of the last 12 months amounting to 2.40. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 14.10.

ROKU Stock Performance Analysis:

Roku Inc. [ROKU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.77. With this latest performance, ROKU shares dropped by -17.64% in over the last four-week period, additionally sinking by -48.35% over the last 6 months – not to mention a drop of -84.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ROKU stock in for the last two-week period is set at 36.21, with the RSI for the last a single of trading hit 34.22, and the three-weeks RSI is set at 37.18 for Roku Inc. [ROKU]. The present Moving Average for the last 50 days of trading for this stock 64.53, while it was recorded at 51.68 for the last single week of trading, and 100.69 for the last 200 days.

Insight into Roku Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Roku Inc. [ROKU] shares currently have an operating margin of +8.50 and a Gross Margin at +48.91. Roku Inc.’s Net Margin is presently recorded at +8.77.

Return on Equity for this stock inclined to 11.84, with Return on Assets sitting at 7.63.

Roku Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.60.

ROKU Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ROKU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Roku Inc. go to 43.00%.

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Roku Inc. [ROKU] Insider Position Details

There are presently around $4,818 million, or 74.80% of ROKU stock, in the hands of institutional investors. The top three institutional holders of ROKU stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 11,917,866, which is approximately 17.48% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 10,690,743 shares of the stock with an approximate value of $536.14 million in ROKU stocks shares; and FMR LLC, currently with $464.82 million in ROKU stock with ownership of nearly -11.557% of the company’s market capitalization.

Positions in Roku Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 302 institutional holders increased their position in Roku Inc. [NASDAQ:ROKU] by around 11,522,870 shares. Additionally, 302 investors decreased positions by around 11,619,746 shares, while 100 investors held positions by with 72,925,738 shares. The mentioned changes placed institutional holdings at 96,068,354 shares, according to the latest SEC report filing. ROKU stock had 82 new institutional investments in for a total of 2,609,605 shares, while 119 institutional investors sold positions of 2,597,466 shares during the same period.

By: NickPosted on Categories: MONEY