How to Buy Roku Stock
Roku Inc
Roku, Inc. , together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player.
Roku stock last closed at $62.81, up 1.58% from the previous day, and has increased 8.82% in one year. It has underperformed other stocks in the Entertainment industry by 0.05 percentage points. Roku stock is currently +21.68% from its 52-week low of $51.62, and -42.29% from its 52-week high of $108.84.
There are currently 143.52M shares of ROKU outstanding. The market value of ROKU is $9.01B. In the last 24 hours, 7.07M ROKU shares were traded.
How to Buy Roku Stock
Wondering how to invest in Roku stock? Here's how.
- Figure out where to buy Roku stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Roku stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your method of payment and add your details.
- Evaluate Roku stock: The Roku ticker symbol is ROKU. Is Roku stock a good investment? Should you buy shares of ROKU? How do ROKU's underlying business fundamentals look? Do top analysts think Roku is a good buy? Why has ROKU's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if ROKU is a good stock to buy).
- Place your ROKU trade: Decide if you will purchase ROKU shares at the current market price or use a limit order to buy ROKU shares at a specific price.
- Get the latest news on your ROKU investment: Create a watchlist to the latest updates on your new investment in Roku stock.
Step 1: Figure out where to buy Roku stock
You will need an online brokerage account to access the NASDAQ market and buy ROKU stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can buy ROKU today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on one of the best stock trading apps, you need to deposit funds:
Check out this video walkthrough if you need help depositing funds into your investment account.
Step 4: Evaluate Roku stock
Once you have identified the best place to buy Roku stock, it's critical to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Roku stock quick numbers
ROKU Overview
WallStreetZen was built to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on ROKU's stock page.
Is ROKU stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ROKU's fair value.
Using relative valuations ratios:
- ROKU could be overvalued based on its P/B ratio of 3.88x, relative to Entertainment industry P/B ratio of 2.65x
You can do additional valuation research on ROKU's stock here.
A look at ROKU Cashflows and Balance Sheet
Signs that ROKU is financially healthy:
- There are more short-term assets than short-term liabilities on the ROKU balance sheet.
- There are more short-term assets than long-term liabilities on the ROKU balance sheet.
- Total ROKU debt is lower than 5 years ago, relative to shareholder equity.
- ROKU's operating cash flow of $255.86M allows it to safely service it's debt of $586.17M.
Signs that ROKU is not financially healthy:
- ROKU profit margin has gone down from -15.9% to -20.4% in the past year.
- ROKU has a relatively high debt to equity ratio of 0.83.
- ROKU earnings of -$698.70M is not enough to cover its interest payments.
Is Roku stock a Buy, Hold, or Sell, according to analysts?
Out of 11 Wall Street analysts who give recommendations on ROKU, the consensus analyst rating on ROKU is a Hold
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest ROKU Analyst Recommendations
Nicholas Zangler, a bottom 8% analyst from Stephens & Co. reiterates ROKU with a strong buy rating and maintains their ROKU price target from $105.00 to $105.00, on Feb 16, 2024.
Shyam Patil, a top 19% analyst from Susquehanna maintains ROKU with a strong buy rating and raises their ROKU price target from $100.00 to $110.00, on Feb 16, 2024.
David Joyce, a top 18% analyst from Seaport Global downgrades ROKU to a sell rating and announces their ROKU price target of $75.00, on Dec 18, 2023.
Michael Nathanson, a top 29% analyst from Moffett Nathanson downgrades ROKU to a strong sell rating and raises their ROKU price target from $64.00 to $66.00, on Dec 15, 2023.
Vasily Karasyov, a bottom 26% analyst from Cannonball Research upgrades ROKU to a strong buy rating and announces their ROKU price target of $116.00, on Nov 27, 2023.
You can dive deeper into what analysts are saying on the Roku stock forecast page.
ROKU Trading Indicators
Is ROKU Growing Revenue?
Last year, ROKU revenue was $3.48B. During the past five year, ROKU's revenue has increased by 36.24% per year. This was faster than the Entertainment industry average of 14.93%.
Find out more about ROKU's earnings and revenue performance here.
What are ROKU executives and large shareholders up to?
In the last year, insiders at ROKU have sold more shares than they have bought.
Matthew C. Banks, VP Corp Controller CAO of ROKU, was the latest ROKU insider to sell. They sold $13,510.89 worth of ROKU shares on Apr 1, 2024.
Research more about who owns ROKU stock here.
Does ROKU provide a stable income stream?
No, Roku doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your ROKU trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you want more help with investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your ROKU investment
Now that you own some ROKU shares, you'll want to stay up-to-date on your new company.
Add ROKU to a watchlist to track the most important metrics related to your ROKU stock.
ROKU Feed
How to Buy Stock in Roku
To summarize, here are the 6 steps for buying Roku stock:
- Figure out where to buy Roku stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Roku stock
- Place your ROKU trade
- Get the latest news on your ROKU investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Roku, create a watchlist on WallStreetZen today.
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