Roblox Corporation [NYSE: RBLX] slipped around -4.2 points on Monday, while shares priced at $77.63 at the close of the session, down -5.13%. The company report on July 20, 2021 that Snap, Newborn Town, Reworld, Match Group – Who Will Be the Next ‘Roblox’.
In this March, Roblox (RBLX.NYSE) went public on NYSE and was hailed “the first Metaverse stock”. On the first day of trading, Roblox topped a market cap of USD$45 billion, outpacing the combined market cap of two established game developers – Ubisoft (UBI.PA) and Take-Two Interactive (TTWO.NASDAQ). It is not surprising that Metaverse has become a hot spot for capital markets in 2021.
Metaverse is a concept that developed from the rise of the internet, virtual worlds, and technology such as augmented reality. It refers to a perceived and iterated collective virtual shared space. Metaverse related business blends reality with virtuality, such as immersive experience brought by AR/VR, along with social media business with high degree of interaction and freedom.
Compared to the average trading volume of 10.81M shares, RBLX reached a trading volume of 6463918 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $91.80 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 1.80. 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.
The Benchmark Company have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 13, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on May 04, 2021, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $78, while Truist analysts kept a Buy rating on RBLX stock.
The Average True Range (ATR) for Roblox Corporation is set at 3.87, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 38.58. The Price to Book ratio for the last quarter was 76.86.
How has RBLX stock performed recently?
Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.03.
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 38.61, with the RSI for the last a single of trading hit 33.74, and the three-weeks RSI is set at 42.71 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 85.93, while it was recorded at 80.25 for the last single week of trading.
Roblox Corporation [RBLX]: Deeper insight into the fundamentals
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.
Earnings analysis for Roblox Corporation [RBLX]
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%.
Insider trade positions for Roblox Corporation [RBLX]
There are presently around $13,086 million, or 72.50% 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 $3.14 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.11 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 August and at the time of the August reporting period, where 327 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 167,987,845 shares. Additionally, 13 investors decreased positions by around 499,314 shares, while 12 investors held positions by with 86,095 shares. The mentioned changes placed institutional holdings at 168,573,254 shares, according to the latest SEC report filing. RBLX stock had 311 new institutional investments in for a total of 167,824,940 shares, while 7 institutional investors sold positions of 38,657 shares during the same period.