ROKU Stock Summary and Trading Ideas (Roku - Class A | NASDAQ:ROKU)

Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.

Roku - Class A trades on the NASDAQ stock market under the symbol ROKU.

As of November 14, 2024, ROKU stock price declined to $74.32 with 2,133,288 million shares trading.

ROKU has a beta of 2.03, meaning it tends to be more sensitive to market movements. ROKU has a correlation of 0.20 to the broad based SPY ETF.

ROKU has a market cap of $10.79 billion. This is considered a Large Cap stock.

Last quarter Roku - Class A reported $1 billion in Revenue and -$.06 earnings per share. This beat revenue expectation by $42 million and exceeded earnings estimates by $.26.

In the last 3 years, ROKU traded as high as $279.30 and as low as $38.26.

The top ETF exchange traded funds that ROKU belongs to (by Net Assets): ARKK, VTI, VB, VXF, ARKW.

ROKU has underperformed the market in the last year with a price return of -11.5% while the SPY ETF gained +36.4%. However, in the short term, ROKU had mixed performance relative to the market. It has outperformed in the last 3 months, returning +31.5% vs +9.8% return in SPY. But in the last 2 weeks, ROKU shares have been beat by the market, returning -4.1% compared to an SPY return of +2.3%.

ROKU support price is $73.14 and resistance is $77.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROKU shares will trade within this expected range on the day.