**Roku (ROKU) Analysis**
1. **Current Price and Intraday Trading Range**: As of November 7, 2024, ROKU traded at $72.49, with a recent intraday range of $65.70 to $72.58.
2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources.
3. **Trading Volume vs Average**: On November 6, 2024, 2,811,522 shares traded, but average volume data is not provided.
4. **Recent News or Announcements**: Recent news includes the company's third-quarter 2024 financial results, which reported $1 billion in revenue and -$0.06 earnings per share, beating revenue expectations by $42 million and exceeding earnings estimates by $0.26. Additionally, there was a cyberattack affecting 576,000 Roku accounts, with the company announcing measures to enhance security.
5. **Major Analyst Updates or Price Target Changes**: The median target price from 89 analysts is $78.58, with a high estimate of $120.00 and a low estimate of $30.00.
6. **Options Flow Activity**: Specific options flow data is not provided in the sources, but a trader on TradingView mentioned a straddle strategy involving call and put strikes around the earnings release.
7. **Related Semiconductor/AI Sector News**: No direct semiconductor or AI sector news affecting Roku is mentioned in the provided sources.
8. **Key Technical Indicators for Day Trading**:
- **Beta**: 2.93, indicating high sensitivity to market movements.
- **Support and Resistance**: Support at $67.85 and resistance at $71.49 based on 1-day standard deviation.
- **Recent Performance**: Outperformed the market in the last 3 months with a +40.5% return but underperformed in the last 2 weeks with a -5.5% return compared to SPY's +1.3%.
**Market Sentiment**: The consensus rating is "buy" based on 55 buy ratings, 20 hold ratings, and 14 sell ratings. The stock has shown mixed performance recently, with a significant increase in the last 3 months but a decline in the last 2 weeks. Analysts' price targets suggest potential for growth, but the high beta indicates volatility. Recent security issues and the company's response may also influence investor sentiment.
This content was created in partnership and with the help of Artificial Intelligence AI
