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Wednesday, June 7, 2023

Momentum Is Strong For Roku Inc. (NASDAQ: ROKU)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Roku Inc. (ROKU) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 0.34%, to $56.81. The Roku Inc. has recorded 88,759 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Roku’s Outgoing Chief Financial Officer to Present at Needham Technology & Media Conference.

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Stocks Info

This NASDAQ-listed company operates within the Entertainment industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $56.62 and fluctuated between $56.65 as its day high and $52.30 as its day low. The current market capitalization of Roku Inc. is $8.15B. A total of 6.53 million shares were traded on the day, compared to an average of 7.91M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ROKU has seen 9 BUY and 9 SELL insider trades, representing the acquisition of 152,192 and the disposition of 119,852 shares. Over the last 12 months, there were 29 BUYs and 28 SELLs from insiders. Insiders purchased 532,441 shares during that period but sold 396,895.

In the most recent transaction, Katz Gidon sold 3,694 shares of ROKU for 57.50 per share on May 10. After the transaction, the President, Consumer Experience now owns 15,450 company shares. In a previous transaction on Mar 03, Fuchsberg Gilbert sold 2,089 shares at 64.34 per share. ROKU shares that SVP, Corporate Development owns now total 33,014.

Among the insiders who sold shares, KAY STEPHEN H disposed of 1,386 shares on Mar 03 at a per-share price of $64.34. This resulted in the SVP General Counsel, Secretary holding 78,527 shares of ROKU after the transaction. In another insider transaction, Collier Charles sold 12,970 shares at $61.93 per share on Mar 02. Company shares held by the President, Roku Media now total 16,569.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ROKU in the last 3 months, the mean price target is $69.40 with high estimates of $90.00 and low estimates of $41.00. In terms of 52-week highs and lows, ROKU has a high of $105.85 and a low of $38.26.

As of this writing, ROKU has an earnings estimate of -$1.27 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of -$1.12 per share and a lower estimate of -$1.55. The company reported an EPS of -$1.7 in the last quarter, which was 1.70% higher than expectations of -$1.73.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ROKU’s latest balance sheet shows that the firm has $2.15B in Cash & Short Term Investments as of fiscal 2021. There were $484.59M in debt and $729.62M in liabilities at the time. Its Book Value Per Share was $18.18, while its Total Shareholder’s Equity was $2.77B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ROKU is Buy with a score of 3.54.

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