Shares of Roku jumped 5.36% to $399.63 at 11:52 EST on Friday, after three consecutive sessions in a row of gains. NASDAQ Composite is jumping 0.63% to $13,149.88, following last session’s upward trend, This seems, at the moment, a somewhat positive trend exchanging session today.
Roku’s last close was $379.29, 0.80% below its 52-week high of $402.81.
News about Roku today
Roku acquires quibiâs global content distribution rights. According to today’s article on Business Insider, "Following an internal restructuring by Quibi, Roku acquired Quibi Holdings, LLC, the company that holds all of Quibi’s content distribution rights. ", "We’re excited to make this content available for free to our users in The Roku Channel through an ad-supported model. "
Roku stock gains after company confirms deal for quibi catalog. According to today’s article on MarketWatch, "The company plans to make the shows available for free to Roku users on an ad-supported basis this year. ", "Many of the shows previously aired on the Quibi platform but will now appear exclusively on The Roku Channel, which is the company’s hub for free, ad-supported content. "
Roku buys quibi’s library to boost free streaming service. According to today’s article on Bloomberg Quint, "The news sent Roku shares up as much as 6.2% to $402.85 in New York trading Friday.", "Launched more than three years ago, the Roku Channel has thousands of free movies and dozens of live channels and is among the most popular streaming apps on Roku, reaching about 62 million people."
Roku acquires rights to quibi's content. According to today’s article on The Wall Street Journal, "Roku will display Quibi’s content in the Roku Channel, an app that is filled with more than 40,000 movies and TV shows. ", "After that exclusivity window closes, Roku will retain the right to show the content until 2027, a spokesman said."
Roku’s sales growth is 47.7% for the current quarter and 43.4% for the next. The company’s growth estimates for the current quarter and the next is 38.5% and 24.4%, respectively.
Year-on-year quarterly revenue growth grew by 73.1%, now sitting on 1.54B for the twelve trailing months.
Roku’s last day, last week, and last month’s average volatility was 10.60%, 2.38%, and 1.15%, respectively.
Roku’s last day, last week, and last month’s high and low average amplitude percentage was 7.78%, 6.25%, and 5.23%, respectively.
Roku’s Stock Yearly Top and Bottom Value
Roku’s stock is valued at $399.63 at 11:52 EST, below its 52-week high of $402.81 and way higher than its 52-week low of $58.22.
Roku’s Moving Average
Roku’s value is way above its 50-day moving average of $315.94 and way above its 200-day moving average of $209.66.
Previous days news about Roku
Quibi nears deal with Roku after trying to tempt Facebook, snap. According to Bloomberg Quint on Tuesday, 5 January, "Quibi and Roku declined to comment, as did representatives for Facebook and Snap.", "Quibi’s programming would add to Roku’s own content library and help the company, which offers a popular streaming device and platform, attract viewers to the Roku Channel."
Roku throws up its own plot twist. According to The Wall Street Journal on Tuesday, 5 January, "It is hard to blame Roku for wanting to be a player, but the content game is a very expensive one to play in.", "The Wall Street Journal reported Sunday of advanced talks between the two that would give Roku control over Quibi’s library. "
Roku says its active account metric has topped 50 million for the first time. According to MarketWatch on Wednesday, 6 January, "Roku also disclosed its expectation that Roku users streamed about 17 billion hours of content in the fourth quarter. "
Roku stock gains after needham boosts price target. According to MarketWatch on Thursday, 7 January, "Shares of Roku Inc. are up more than 2% in premarket trading Thursday after Needham analyst Laura Martin upped her price target on the stock to $400 from $315. ", "Her increased price target comes after Roku disclosed better-than-expected preliminary active-account and streaming-hours metrics for the fourth quarter. "
Roku stock rockets toward new record after needham boosts price target. According to MarketWatch on Thursday, 7 January, "Its [connected TV] focus, platform competitive advantages, moats, and execution excellence all suggest to us that ROKU will continue to take market share in 2021." Martin expects greater advertising revenue for Roku in 2021 as big ad categories like travel, retail and entertainment could step up their spending amid an economic recovery. ", "Martin’s increased price target comes after Roku disclosed better-than-expected preliminary active-account and streaming-hours metrics for the fourth quarter. "