In yesterday’s Wall Street session, Roku Inc (NASDAQ:ROKU) shares traded at $82.94, up 9.58% from the previous session.
ROKU stock price is now 12.11% away from the 50-day moving average and 28.33% away from the 200-day moving average. The market capitalization of the company currently stands at $12.04B.
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With the price target of $73, UBS recently initiated with Neutral rating for Roku Inc (NASDAQ: ROKU). On November 18, 2024, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $70 to quote $90, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Banks Matthew C., VP, Corp Controller & CAO sold 211 shares of the company’s stock on Dec 02 ’24. The stock was sold for $14,696 at an average price of $69.65. Upon completion of the transaction, the VP, Corp Controller & CAO now directly owns 7,053 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Officer MATT BANKS bought 211 shares of the business’s stock. A total of $14,696 was incurred on buying the stock at an average price of $69.65. A total of 12.54% 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 0.25, a current ratio of 2.56, and a quick ratio of 2.40. The fifty day moving average price for ROKU is $73.8526 and a two-hundred day moving average price translates $64.5501 for the stock.
The latest earnings results from Roku Inc (NASDAQ: ROKU) was released for 2024-09-30. The net profit margin was -4.42% and return on equity was -7.22% for ROKU. The company reported revenue of $1.06 billion for the quarter, compared to $912.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.47 percent.
