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 15, 2024, ROKU stock price declined to $68.87 with 4,852,840 million shares trading.

ROKU has a beta of 2.05, meaning it tends to be more sensitive to market movements. ROKU has a correlation of 0.21 to the broad based SPY ETF.

ROKU has a market cap of $10.00 billion. This is considered a Mid 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 $276.47 and as low as $38.26.

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

ROKU has underperformed the market in the last year with a return of -24.4%, while SPY returned +31.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ROKU shares. However, ROKU has outperformed the market in the last 3 month and 2 week periods, returning +16.2% and +4.8%, while SPY returned +6.2% and +2.6%, respectively. This indicates ROKU has been having a stronger performance recently.

ROKU support price is $72.07 and resistance is $76.57 (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.