In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $77.45, up 0.12% from the previous session.
ROKU stock price is now 23.78% away from the 50-day moving average and 11.44% away from the 200-day moving average. The market capitalization of the company currently stands at $11.21B.
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With the price target maintained at $93, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Roku Inc (NASDAQ: ROKU). On September 05, 2024, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $50 to quote $72, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Jedda Dan, CFO sold 1,000 shares of the company’s stock on Sep 17 ’24. The stock was sold for $75,330 at an average price of $75.33. Upon completion of the transaction, the CFO now directly owns 54,267 shares in the company, valued at $4.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Officer DANIEL JEDDA bought 1,000 shares of the business’s stock. A total of $75,330 was incurred on buying the stock at an average price of $75.33. A total of 12.57% of the company’s stock is owned by insiders.
During the past 12 months, Roku Inc has had a low of $48.33 and a high of $108.84. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.72, and a quick ratio of 2.63. The fifty day moving average price for ROKU is $62.8929 and a two-hundred day moving average price translates $69.3697 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for 2024-06-30. The net profit margin was -13.16% and return on equity was -20.03% for ROKU. The company reported revenue of $968.18 million for the quarter, compared to $847.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.28 percent.
