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Roku (NASDAQ:ROKU) shares were likely to edge lower for their seventh consecutive session on Thursday, falling since Jan. 09.
The streaming device maker fell 1.61% to $82.55 by 1328 ET. Throughout the seven-day slump, it lost about 9%.
On a 12-month reading, ROKU has soared 64.27%. However, at its current levels, the stock was hovering near its early November 2023 lows. The short interest in the company stood at about 8.84%.
Looking at Seeking Alpha’s Quant ratings, ROKU had a Hold rating with a score of 3.07 out of 5. The company received a C- for its profitability and growth prospects. The company also got a D- for its valuation, compared to an F three months ago.
Turning to the Wall Street community, about 11 sell-side analysts surveyed in the last 90 days rated ROKU as a Buy or higher. Meanwhile, another 17 analysts rated the company as a Hold. Four analysts were Sell or lower on the company.
Seeking Alpha analysts generally saw the San Jose, CA-based company as a Buy. SA Analyst Ahan Vashi endorsed the company as a Strong Buy, commenting that, “If ad markets recover in 2024, Roku stock could go parabolic given its depressed valuation”.
“Over the last couple of years, Roku’s key business metrics have improved considerably, with strong growth in active accounts and streaming hours,” the analyst added.
Roku is estimated to report its fiscal fourth-quarter results by mid-Feb. A consensus of analysts expected the company to post EPS of -0.56 per share on $965.15M in revenue.
