Roku Stock Bullish Momentum With A 11.71% Rise On Wednesday

(VIANEWS) – The NASDAQ ended the session with Roku (ROKU) rising 11.71% to $63.27 on Wednesday while NASDAQ rose 0.92% to $12,070.59.

Roku’s last close was $56.64, 66.41% under its 52-week high of $168.60.

About Roku

Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, and brand sponsorship and promotions; and manufactures, sells, and licenses smart TVs under the Roku TV name. In addition, the company offers streaming players, and audio products and accessories under the Roku brand name; and sells branded channel buttons on remote controls of streaming devices. It provides its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Canada, the United Kingdom, France, Mexico, Brazil, Chile, Peru, North and South Americas, and Europe. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.

Earnings Per Share

As for profitability, Roku has a trailing twelve months EPS of $-0.14.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -8.68%.

Moving Average

Roku’s value is way higher than its 50-day moving average of $50.75 and below its 200-day moving average of $68.63.

Volume

Today’s last reported volume for Roku is 12223200 which is 90.46% above its average volume of 6417470.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is a negative 366.7% and a negative 723.5%, respectively.

More news about Roku (ROKU).

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