In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $64.08, down -17.33% from the previous session.
ROKU stock price is now -12.42% away from the 50-day moving average and -3.78% away from the 200-day moving average. The market capitalization of the company currently stands at $9.27B.
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With the price target enhanced from $90 to $92, JP Morgan maintained Overweight rating for Roku Inc (NASDAQ: ROKU). On October 01, 2024, MoffettNathanson Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock keeping its target price maintained at $80, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Jedda Dan, CFO sold 1,000 shares of the company’s stock on Oct 15 ’24. The stock was sold for $76,250 at an average price of $76.25. Upon completion of the transaction, the CFO now directly owns 53,267 shares in the company, valued at $3.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Officer DANIEL JEDDA bought 1,000 shares of the business’s stock. A total of $76,250 was incurred on buying the stock at an average price of $76.25. 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 $73.1697 and a two-hundred day moving average price translates $66.59995 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for 2024-09-30. 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.
