Shares of Roku jumped 8.71% to $372.81 at 14:14 EST on Thursday, after two consecutive sessions in a row of gains. NASDAQ Composite is jumping 2.3% to $13,033.27, following last session’s downward trend, This seems, up to now, an all-around positive trend trading session today.
Roku’s last close was $342.95, 0.27% below its 52-week high of $373.80.
News about Roku today
Roku stock gains after needham boosts price target. According to today’s article on MarketWatch, "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. ", "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. "
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 2.32%, 0.21%, and 0.71%, respectively.
Roku’s last day, last week, and last month’s high and low average amplitude percentage was 8.66%, 5.35%, and 5.08%, respectively.
Roku’s Stock Yearly Top and Bottom Value
Roku’s stock is valued at $372.81 at 14:14 EST, below its 52-week high of $373.80 and way higher than its 52-week low of $58.22.
Roku’s Moving Average
Roku’s worth is way above its 50-day moving average of $311.47 and way higher than its 200-day moving average of $208.43.
Previous days news about Roku
Roku nears deal to buy rights to quibi's content. According to The Wall Street Journal on Monday, 4 January, "Under the terms the companies have discussed, Roku would acquire rights to Quibi’s library, the people familiar with the matter said. ", "Quibi is in advanced talks to sell its content catalog to Roku Inc., according to people familiar with the matter, as the short-form streaming service winds down its operations following an unsuccessful run."
Wsj: quibi in talks with Roku to sell content library. According to Business Insider on Monday, 4 January, "As per a report published by The Wall Street Journal, Quibi is in talks with Roku to sell its content library. "
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. "