There Is A Quest For Clarity Surrounding Roku Inc (NASDAQ: ROKU) Volatility

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. The stock was recently discussed on Yahoo Finance as it revealed that Roku to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Feb. 15, 2024.

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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 $94.49 and fluctuated between $96.06 as its day high and $91.87 as its day low. The current market capitalization of Roku Inc is $13.46B. A total of 5.02 million shares were traded on the day, compared to an average of 5.75M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ROKU has seen 8 BUY and 14 SELL insider trades, representing the acquisition of 103,112 and the disposition of 80,031 shares. Over the last 12 months, there were 45 BUYs and 56 SELLs from insiders. Insiders purchased 639,101 shares during that period but sold 415,721.

In the most recent transaction, Wood Anthony J. sold 25,000 shares of ROKU for 90.50 per share on Jan 10. After the transaction, the CEO and Chairman BOD now owns 0 company shares. In a previous transaction on Jan 02, Banks Matthew C. sold 205 shares at 90.55 per share. ROKU shares that VP, Corp Controller & CAO owns now total 4,126.

Among the insiders who sold shares, Ozgen Mustafa disposed of 33,684 shares on Dec 14 at a per-share price of $103.90. This resulted in the Pres, Devices, Prod, and Tech holding 2,418 shares of ROKU after the transaction. In another insider transaction, Wood Anthony J. sold 25,000 shares at $99.69 per share on Dec 13. Company shares held by the CEO and Chairman BOD now total 0.

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 $90.32 with high estimates of $120.00 and low estimates of $63.00. In terms of 52-week highs and lows, ROKU has a high of $108.84 and a low of $51.62.

As of this writing, ROKU has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.86. The company reported an EPS of -$0.76 in the last quarter, which was 39.70% higher than expectations of -$1.26.

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 $521.71M in debt and $729.62M in liabilities at the time. Its Book Value Per Share was $16.19, 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 3.48.

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