Roku stock does not appear to be a good investment at this time, and there are several reasons for this conclusion:
Financial Performance: Roku's financials show a net loss of 50.86millionandanegativedilutedEPSof-0.35 for the quarter ending March 31, 2024. The company's net income year-on-year growth rate is 73.73%, which is quite high, but it is important to note that it is based on a small base and may not be indicative of future performance.
Ticker
Name
Total Revenue
Net Income
Diluted EPS
Date
code
market_code
ROKU.O
Roku
8.81469E8
-5.0855E7
-0.35
2024 Q1
ROKU
185
Ticker
Name
Net Income year-on-year growth rate
Total Revenue year-on-year growth rate
Diluted EPS QoQ growth rate
Date
code
market_code
ROKU.O
Roku
73.73246420528503
18.958285536916826
20240331
ROKU
185
Valuation Metrics: Roku's P/E ratio is -15.43, which is negative and suggests that the company is not profitable as currently constituted. The price-to-sales ratio of 2.48 and price-to-book ratio of 3.71 are also high, indicating that the stock may be overvalued relative to its sales and book value.
Technical Indicators: The stock's 5-day, 10-day, and 20-day moving averages are 61.65, 61.35, and 57.97, respectively. The fact that the shorter-term moving averages are above the longer-term averages can sometimes indicate a bearish trend.
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