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published in Blogs
Mar 15, 2019

Roku (ROKU, $61.82) springs back up +3%, after Needham analyst raises price target

Roku shares have a quick rebound on Thursday, following Needham analyst Laura Martin’s upped her price target on the stock.

While re-iterating her “buy” rating on the media streaming device maker’s stock, Martin raised the price target to $85 from $65. The analyst indicated several factors supporting her decisions, such as Roku’s user growth opportunities from upcoming streaming platforms of Walt Disney and Apple, advertising revenue to non-linear TV, and possibilities that the company might be acquired.

Shares of Roku gained more than +3% on Thursday - partly offsetting their -14% decline the previous day following downgrades by analysts at Macquarie Research and Loop Capital on overvaluation concerns.

Related Ticker: ROKU

ROKU sees MACD Histogram crosses below signal line

ROKU saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 16, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ROKU as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ROKU moved below its 50-day moving average on February 16, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ROKU crossed bearishly below the 50-day moving average on February 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ROKU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROKU advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

ROKU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 216 cases where ROKU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ROKU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.978) is normal, around the industry mean (5.418). P/E Ratio (66.667) is within average values for comparable stocks, (87.614). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.313). Dividend Yield (0.000) settles around the average of (0.123) among similar stocks. P/S Ratio (2.620) is also within normal values, averaging (4.311).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ROKU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 8.5B. The market cap for tickers in the group ranges from 134 to 252.54B. NFLX holds the highest valuation in this group at 252.54B. The lowest valued company is LRDG at 134.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 9%. CPOP experienced the highest price growth at 41%, while HWAL experienced the biggest fall at -30%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -43%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 60
Price Growth Rating: 50
SMR Rating: 84
Profit Risk Rating: 87
Seasonality Score: -36 (-100 ... +100)
Related Portfolios: TECHNOLOGY ETFs
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ROKUDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of applications for digital media

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Electronics Or Appliances
Address
1155 Coleman Avenue
Phone
+1 408 556-9040
Employees
3600
Web
https://www.roku.com
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ROKU and

Correlation & Price change

A.I.dvisor indicates that over the last year, ROKU has been loosely correlated with WBD. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if ROKU jumps, then WBD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROKU
1D Price
Change %
ROKU100%
+1.88%
WBD - ROKU
44%
Loosely correlated
-9.94%
BATRA - ROKU
39%
Loosely correlated
+0.33%
BOWL - ROKU
38%
Loosely correlated
-3.01%
PARAP - ROKU
38%
Loosely correlated
-3.96%
PARA - ROKU
37%
Loosely correlated
-4.27%
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