(VIANEWS) – Roku Inc. stock fell in extended trading Wednesday following its second quarter results, which were below expectations.
Bloomberg Quint confirmed that video streaming platform reported 55.1 millions active customer accounts and 17.4 billion hours of streaming during the quarter. Bloomberg Consensus estimates that there were 55.8 millions active customers accounts and 19.19 trillion streaming hours.
The report also stated that TV viewing had declined in general due to loosening restrictions on the pandemic.
Shares of Roku (ROKU) slid 5.57% to $396.90 at 10:30 EST on Thursday, after four consecutive sessions in a row of losses. NASDAQ Composite is jumping 0.34% to $14,830.70, after three sequential sessions in a row of gains. This seems, so far, a somewhat positive trend exchanging session today.
Roku’s last close was $417.80, 14.87% under its 52-week high of $490.76.
Today’s last reported volume for Roku is 4431277 which is 2.44% below its average volume of 4542160.
Roku’s sales growth is 96.1% for the current quarter and 75.4% for the next. The company’s growth estimates for the current quarter is 134.3% and a drop 333.3% for the next.
Year-on-year quarterly revenue growth grew by 79%, now sitting on 2.03B for the twelve trailing months.
Roku’s last week, last month’s, and last quarter’s current volatility was 2.85%, 0.33%, and 2.88%, respectively.
Roku’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 5.04% (last week), 2.67% (last month), and 2.88% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Roku’s stock is considered to be overbought (>=80).
Roku’s Stock Yearly Top and Bottom Value
Roku’s stock is valued at $396.90 at 10:30 EST, way below its 52-week high of $490.76 and way higher than its 52-week low of $143.21.
Roku’s Moving Average
Roku’s value is under its 50-day moving average of $418.90 and higher than its 200-day moving average of $381.26.
News about Roku (ROKU) today
Roku pays to be a player. According to today’s article on The Wall Street Journal, “Investors got a painful reminder Wednesday that Roku is still in the hardware business.”, “Streaming hours over the Roku platform also slipped 5% from the first quarter-the first sequential decline for this metric on record.”
Previous days news about Roku (ROKU)
Why did Roku stock drop 10% in A week?. According to Forbes on Tuesday, 3 August, “If you buy and hold Roku stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you – at least if the company is otherwise strong.”, “The recent decline was driven after reports surfaced of Cathie Wood, the founder and CEO of ARK Investment Management, selling Roku shares from ARK’s exchange-traded funds. ”
Roku earnings: what to look for. According to Investopedia on Tuesday, 3 August, “Encouragingly, Roku has reversed that trend since Q3 FY 2020, posting positive EPS that rapidly accelerated on a sequential basis. “, “The metric excludes users who streamed content from The Roku Channel on non-Roku platforms. ”
Roku slides as reopening leads to less streaming viewing. According to Bloomberg Quint on Wednesday, 4 August, “For the second quarter, Roku revenue came in at $645.1 million, above the $613.1 million estimate.”, “Shares of Roku are down about 12% from a record close hit in July, though it remains up nearly 50% from a May low, based on its most recent close. ”
More news about Roku (ROKU).