In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $57.45, up 3.35% from the previous session.
ROKU stock price is now -2.52% away from the 50-day moving average and -20.67% away from the 200-day moving average. The market capitalization of the company currently stands at $8.28B.
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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, Collier Charles, President, Roku Media sold 3,590 shares of the company’s stock on Jul 16 ’24. The stock was sold for $233,350 at an average price of $65.00. Upon completion of the transaction, the President, Roku Media now directly owns 12,064 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, SVP General Counsel, Secretary KAY STEPHEN H sold 12,124 shares of the business’s stock. A total of $673,973 was realized by selling the stock at an average price of $55.59. This leaves the insider owning 91,905 shares of the company worth $5.28 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 $58.878 and a two-hundred day moving average price translates $72.34277 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.
