Roku (ROKU) Is Up 8.84% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Roku (ROKU) - Roku currently holds a Momentum Style Score of B, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Roku shares have increased by 8.84% over the past week, significantly outperforming the Zacks Broadcast Radio and Television industry, which rose by 1.87% [5] - Over the past month, Roku's stock price has changed by 17.23%, compared to the industry's 1.51% [5] - In the last quarter, Roku shares rose by 14.85%, and over the past year, they have gained 48.58%, while the S&P 500 increased by only 6.75% and 11.69%, respectively [6] Trading Volume - Roku's average 20-day trading volume is 3,996,365 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 8 earnings estimates for Roku have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from -$0.28 to -$0.17 [9] - For the next fiscal year, 6 estimates have moved up, with only 1 downward revision [9] Conclusion - Given the positive momentum indicators and earnings outlook, Roku is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [10]