Is It Time to Give Up on Roku Stock?
When it comes to frustrating stocks to own, Roku (NASDAQ: ROKU) is likely near the top of the list for many investors. The stock is down by close to 90% from its all-time high of $490.76 per share, which it hit in mid-2021. Despite a growing user base and being on the leading edge of the consumer transition to streaming TV, the company has struggled to return to profitability.Knowing that, it is not unreasonable to ponder what investors should do. Should they throw in the towel and sell, or do shareholders need to give the company more time for its long-awaited turnaround?Image source: Getty Images.Continue reading
When it comes to frustrating stocks to own, Roku (NASDAQ: ROKU) is likely near the top of the list for many investors. The stock is down by close to 90% from its all-time high of $490.76 per share, which it hit in mid-2021. Despite a growing user base and being on the leading edge of the consumer transition to streaming TV, the company has struggled to return to profitability.
Knowing that, it is not unreasonable to ponder what investors should do. Should they throw in the towel and sell, or do shareholders need to give the company more time for its long-awaited turnaround?
Image source: Getty Images.
