With Bad Earnings, Roku (ROKU) Stock Dips -4.01% on Thursday

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The ROKU stock price fluctuated between $379.03 and $410.1 throughout the trading session with the volume trading being 11M shares, which represented a positive variation when compared to the three months average volume of 5M shares.

The share price of Roku, Inc. (NasdaqGS:ROKU) dipped -4.01% to close Thursday’s market session at $403.48, lower as compared to yesterday’s close which brings the market valuation of the company to $53.42B.

The 52-week high for the Roku, Inc.’s shares is $490.76. That puts it -17.78% from that peak but still a massive gain since the share price dropped to a 52-week low of $143.21, while the S&P 500’s share price change was of 33.2%.

The company currently has a 463.24 P/E ratio and a price target of $450.5.

What does the trading volume tell us about the ROKU stock?

During the last trading session, Roku, Inc. (NasdaqGS:ROKU) has seen growth in its daily volume. The daily volume was of 5M, while in the last 10 days the average was 5.24M and last three months – 4.53M.

The increasing interest in the ROKU stock from the investors is helping to drive the stock price up.

Growing short interest

The Roku, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 3.56M shares being shorted which translates into 0.73 of a short ratio for ROKU, while in the previous month the shorted shares were 3.33M.

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Roku, Inc.’s (NasdaqGS:ROKU) financials

With a market cap of 53.42B, Roku, Inc. holds a total cash of $2.08B that translates into $15.69 per share, while the total debt is of $429.4M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 79.00%. The current revenue is of $2.03B that is $16.08 per share.

This is a great sign for a bright future.