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3 Reasons to Sell This Explosive Stock in 2023

Neil Patel, The Motley Fool
·4-min read
3 Reasons to Sell This Explosive Stock in 2023

After its initial public offering in Sept. 2017, Roku (NASDAQ: ROKU) shares skyrocketed 1,940% to hit their all-time high in July 2021. After that dramatic fall, Roku's stock now sells at a compelling price-to-sales ratio of 2.3. Looking back to 2015 and the earliest available data on the company's financials, Roku has been unprofitable in every single year except 2021, when the pandemic was still providing a demand boost to stay-at-home businesses.

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