In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $59.15, up 3.48% from the previous session.
ROKU stock price is now 1.99% away from the 50-day moving average and -19.48% away from the 200-day moving average. The market capitalization of the company currently stands at $8.53B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On April 29, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $74, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, KAY STEPHEN H, SVP General Counsel, Secretary sold 12,124 shares of the company’s stock on Jun 13 ’24. The stock was sold for $673,973 at an average price of $55.59. Upon completion of the transaction, the SVP General Counsel, Secretary now directly owns 91,905 shares in the company, valued at $5.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Director Fyfield Mai sold 650 shares of the business’s stock. A total of $37,622 was realized by selling the stock at an average price of $57.88. This leaves the insider owning 3,259 shares of the company worth $0.19 million. A total of 12.61% of the company’s stock is owned by insiders.
During the past 12 months, Roku Inc has had a low of $51.51 and a high of $108.84. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.58, and a quick ratio of 2.50. The fifty day moving average price for ROKU is $58.0231 and a two-hundred day moving average price translates $73.33402 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for 2024-03-31. The net profit margin was -15.64% and return on equity was -23.10% for ROKU. The company reported revenue of $881.47 million for the quarter, compared to $740.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.96 percent.
