Roku, Inc. (ROKU): From Top to Bottom

Roku, Inc. (ROKU) is an interesting player in the Services space, with a focus on CATV Systems. The stock has been active on the tape, currently trading at $40.22, down from yesterday’s close by -1.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Roku, Inc. (ROKU) currently trades with a market capitalization of $3.99 Billion. That value represents a market adjusting for revenues that have been growing by 40.12 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $23.57 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -$0.1 on a per share basis this quarter. Perhaps, that suggests something about why 0.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Roku, Inc. recorded a 52-week high of $58.80. It is now trading 18.58% off that level. The stock is trading $44.15 its 50-day moving average by 3.93%. The stock carved out a 52-week low down at $15.75.

In recent action, Roku, Inc. (ROKU) has made a move of -28.91% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 23.52, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 36.22% with $18.11 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ROKU.

Previous articleTaking a Fresh Look at Sprouts Farmers Market, Inc. (SFM)
Next articleDrilling Down Into Xilinx, Inc. (XLNX)