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ROKU Stock on the Rise: A Promising Investment

Roku Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $99.80 on 02/12/24, and the lowest price during the same period was recorded at $48.33 on 08/05/24.

52-week price history of ROKU Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Roku Inc’s current trading price is -14.55% away from its 52-week high, while its distance from the 52-week low is 76.45%. The stock’s price range during this period has fluctuated between $48.33 and $99.80. Shares of the company, which operates in the Communication Services sector, recorded a trading volume of around 2.32 million for the day, which was evidently lower than the average daily volume of 3.8 million over the last three months.

Financial Performance and Market Capitalization

Roku Inc (ROKU) has experienced a quarterly rise of 12.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.38B and boasts a workforce of 3150 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 75.97, with a change in price of +18.58. Similarly, Roku Inc recorded 3,463,405 in trading volume during the last 100 days, posting a change of +27.86%.

ROKU Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ROKU stands at 0.25. Similarly, the long-term debt-to-equity ratio is also 0.22.

ROKU Stock Stochastic Average

Roku Inc’s raw stochastic average for the past 50 days is currently at 92.93%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 96.57%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 84.73% and 75.24%, respectively.

ROKU Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 14.72% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 48.47%. Over the past 30 days, the price of ROKU has fallen by 10.71%. And in the last five days, it has surged by 1.79%.

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