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ROKU
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
14.67B

ROKU Roku Forecast, Technical & Fundamental Analysis

a developer of applications for digital media

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ROKU with price predictions
07:00 PM EST Dec 03, 2023

Aroon Indicator for ROKU shows an upward move is likely

ROKU's Aroon Indicator triggered a bullish signal on December 04, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 235 similar instances where the Aroon Indicator showed a similar pattern. In of the 235 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on ROKU as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ROKU just turned positive on November 02, 2023. Looking at past instances where ROKU's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

ROKU moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for ROKU crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where ROKU advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

ROKU broke above its upper Bollinger Band on November 27, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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 better than average.

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 (6.601) is normal, around the industry mean (5.223). P/E Ratio (66.667) is within average values for comparable stocks, (75.584). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.817). Dividend Yield (0.000) settles around the average of (0.063) among similar stocks. P/S Ratio (4.466) is also within normal values, averaging (116.863).

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.

A.I.Advisor
published Highlights

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 7.83B. The market cap for tickers in the group ranges from 134 to 209.65B. NFLX holds the highest valuation in this group at 209.65B. 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 4%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -11%. DTTVY experienced the highest price growth at 200%, while AMFL experienced the biggest fall at -29%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 18%. For the same stocks of the Industry, the average monthly volume growth was -27% and the average quarterly volume growth was -33%

Fundamental Analysis Ratings

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

Valuation Rating: 51
P/E Growth Rating: 59
Price Growth Rating: 52
SMR Rating: 84
Profit Risk Rating: 88
Seasonality Score: 25 (-100 ... +100)
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A.I. Advisor
published Earnings

ROKU is expected to report earnings to fall 73.99% to -60 cents per share on February 15

Roku ROKU Stock Earnings Reports
Q4'23
Est.
$-0.61
Q3'23
Missed
by $0.37
Q2'23
Beat
by $0.51
Q1'23
Beat
by $0.10
Q4'22
Beat
by $0.02
The last earnings report on November 01 showed earnings per share of -232 cents, missing the estimate of -196 cents. With 5.25M shares outstanding, the current market capitalization sits at 14.67B.
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 49% 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%
+0.91%
WBD - ROKU
49%
Loosely correlated
+0.44%
PARAA - ROKU
46%
Loosely correlated
+0.98%
PARA - ROKU
44%
Loosely correlated
+1.08%
PARAP - ROKU
44%
Loosely correlated
+1.03%
AMCX - ROKU
41%
Loosely correlated
+3.59%
More

Groups containing ROKU

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROKU
1D Price
Change %
ROKU100%
+0.91%
audio
(undefined stocks)
72%
Closely correlated
+0.17%
stores
(undefined stocks)
67%
Closely correlated
-0.29%
Movies/Entertainment
(undefined stocks)
67%
Closely correlated
+1.74%
advertising
(undefined stocks)
66%
Loosely correlated
-0.86%
digital
(undefined stocks)
66%
Loosely correlated
+0.63%
More