Roblox Corporation [RBLX] Is Currently 2.62 below its 200 Period Moving Avg: What Does This Mean?


Roblox Corporation [NYSE: RBLX] gained 2.62% or 2.63 points to close at $103.16 with a heavy trading volume of 16905871 shares. The company report on December 15, 2021 that Roblox Reports November 2021 Key Metrics.

Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today released certain key metrics for November 2021.

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It opened the trading session at $100.75, the shares rose to $104.6799 and dropped to $100.65, the range by which the price of stock traded the whole day. The daily chart for RBLX points out that the company has recorded 19.68% gains over the past six months. However, it is still -70.51% lower than its most recent low trading price.

If we look at the average trading volume of 17.90M shares, RBLX reached to a volume of 16905871 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 $116.36 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 2.20. 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.

Needham have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2021. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on December 08, 2021, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise from $88 to $150, while Morgan Stanley kept a Overweight rating on RBLX stock.

The Average True Range (ATR) for Roblox Corporation is set at 8.49, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 36.30. The Price to Book ratio for the last quarter was 100.16. Price to Free Cash Flow for RBLX in the course of the last twelve months was 97.83 with Quick ratio for the last quarter at 1.30.

Trading performance analysis for RBLX stock

Roblox Corporation [RBLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.32. With this latest performance, RBLX shares dropped by -9.04% in over the last four-week period, additionally plugging by 19.68% over the last 6 months .

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 48.43, with the RSI for the last a single of trading hit 48.44, and the three-weeks RSI is set at 49.64 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 103.38, while it was recorded at 100.96 for the last single week of trading, and 85.70 for the last 200 days.

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 1.30 and a Current Ratio set at 1.30.

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%.

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An analysis of insider ownership at Roblox Corporation [RBLX]

There are presently around $24,852 million, or 63.80% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: MORGAN STANLEY with ownership of 38,590,461, which is approximately 105.953% of the company’s market cap and around 0.40% of the total institutional ownership; MERITECH CAPITAL ASSOCIATES V L.L.C., holding 26,401,941 shares of the stock with an approximate value of $2.72 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $2.09 billion in RBLX stock with ownership of nearly 38.65% of the company’s market capitalization.

Positions in Roblox Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 308 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 63,011,507 shares. Additionally, 166 investors decreased positions by around 36,407,507 shares, while 101 investors held positions by with 141,491,306 shares. The mentioned changes placed institutional holdings at 240,910,320 shares, according to the latest SEC report filing. RBLX stock had 100 new institutional investments in for a total of 8,404,001 shares, while 70 institutional investors sold positions of 6,981,018 shares during the same period.