Roblox Corporation [NYSE: RBLX] loss -5.41% or -5.02 points to close at $87.80 with a heavy trading volume of 11527836 shares. The company report on June 4, 2021 that Roblox and Warner Bros. Pictures Bring In the Heights Launch Party to Roblox.
Celebratory experience brings the music, dance, and entertainment of the film’s Washington Heights neighborhood to the metaverse.
Roblox (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, and Warner Bros. Pictures announced an immersive, virtual launch party celebrating the much-anticipated summer event film, In the Heights, adapted from the hit Broadway musical from the multi-talented Hamilton creator Lin-Manuel Miranda, and directed by visionary Jon M. Chu of Crazy Rich Asians.
If we look at the average trading volume of 10.37M shares, RBLX reached to a volume of 11527836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Roblox Corporation [RBLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RBLX shares is $89.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RBLX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 04, 2021. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on April 05, 2021, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $80, while Morgan Stanley analysts kept a Overweight rating on RBLX stock.
The Average True Range (ATR) for Roblox Corporation is set at 5.97, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 42.68. The Price to Book ratio for the last quarter was 86.93.
Trading performance analysis for RBLX stock
Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.04.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RBLX stock in for the last two-week period is set at 51.58, with the RSI for the last a single of trading hit 46.13, and the three-weeks RSI is set at 53.49 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 79.11, while it was recorded at 90.81 for the last single week of trading.
Roblox Corporation [RBLX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Roblox Corporation [RBLX] shares currently have an operating margin of -28.81 and a Gross Margin at +9.85. Roblox Corporation’s Net Margin is presently recorded at -27.41.
Return on Total Capital for RBLX is now -285.11, given the latest momentum, and Return on Invested Capital for the company is -355.89. Additionally, RBLX Total Debt to Total Capital is recorded at 373.03, with Total Debt to Total Assets ending up at 18.66.
Receivables Turnover for the company is 5.46 with a Total Asset Turnover recorded at a value of 0.71.Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Roblox Corporation [RBLX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RBLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Roblox Corporation go to 1.10%.
An analysis of insider ownership at Roblox Corporation [RBLX]
There are presently around $14,742 million, or 72.00% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: MERITECH CAPITAL ASSOCIATES V L.L.C. with ownership of 45,799,284, which is approximately New of the company’s market cap and around 10.90% of the total institutional ownership; TIGER GLOBAL MANAGEMENT LLC, holding 40,428,863 shares of the stock with an approximate value of $3.55 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.26 billion in RBLX stock with ownership of nearly New of the company’s market capitalization.
Positions in Roblox Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 317 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 167,907,676 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 167,907,676 shares, according to the latest SEC report filing. RBLX stock had 317 new institutional investments in for a total of 167,907,676 shares, while 0 institutional investors sold positions of 0 shares during the same period.