Why Shares of Roku Tanked Nearly 9% Today
Shares of TV streaming platform Roku (NASDAQ: ROKU) cratered 8.8% today, building on the stock's negative 37% return so far in 2021 with just a month left until the new year. Roku is now more than 50% off its all-time high it last reached over the summer.
A sky-high valuation has drawn plenty of criticism, and even after the steep declines, shares still trade for 11 times trailing-12-month sales and 108 times trailing-12-month free cash flow.
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Source Fool.com
