Roblox Corporation [NYSE: RBLX] plunged by -$2.75 during the normal trading session on Friday and reaching a high of $35.21 during the day while it closed the day at $31.60. The company report on May 10, 2022 that Roblox Reports First Quarter 2022 Financial Results.
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Revenue up 39% over prior year up to $537.1 million.
Strong year over year growth in Daily Active Users and Hours Engaged, up 28% and 22%, respectively .
Roblox Corporation stock has also loss -4.16% of its value over the past 7 days. However, RBLX stock has declined by -36.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -74.94% and lost -69.37% year-on date.
The market cap for RBLX stock reached $20.38 billion, with 588.52 million shares outstanding and 511.19 million shares in the current float. Compared to the average trading volume of 27.17M shares, RBLX reached a trading volume of 42769889 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $41.83 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.
Wedbush have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 10, 2022. While these analysts kept the previous recommendation, Goldman raised their target price from $108 to $50. The new note on the price target was released on April 19, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $59, while Citigroup analysts kept a Buy rating on RBLX stock.
The Average True Range (ATR) for Roblox Corporation is set at 4.18, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 9.85. The Price to Book ratio for the last quarter was 33.26. Price to Free Cash Flow for RBLX in the course of the last twelve months was 38.58 with Quick ratio for the last quarter at 1.70.
RBLX stock trade performance evaluation
Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.16. With this latest performance, RBLX shares dropped by -8.70% in over the last four-week period, additionally sinking by -74.94% over the last 6 months – not to mention a drop of -61.70% in the past year of trading.
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 45.90, with the RSI for the last a single of trading hit 49.05, and the three-weeks RSI is set at 43.81 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 38.93, while it was recorded at 32.52 for the last single week of trading, and 72.19 for the last 200 days.
Roblox Corporation [RBLX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Roblox Corporation [RBLX] shares currently have an operating margin of -23.16 and a Gross Margin at +22.27. Roblox Corporation’s Net Margin is presently recorded at -25.62.
Return on Equity for this stock declined to -295.79, with Return on Assets sitting at -15.34.
Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Roblox Corporation [RBLX]: Insider Ownership positions
There are presently around $11,128 million, or 68.00% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: ALTOS VENTURES MANAGEMENT INC. with ownership of 82,781,796, which is approximately 0% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 39,819,662 shares of the stock with an approximate value of $1.26 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $760.72 million in RBLX stock with ownership of nearly 10.024% 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 384 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 51,733,110 shares. Additionally, 325 investors decreased positions by around 65,994,554 shares, while 82 investors held positions by with 234,439,769 shares. The mentioned changes placed institutional holdings at 352,167,433 shares, according to the latest SEC report filing. RBLX stock had 129 new institutional investments in for a total of 15,401,642 shares, while 186 institutional investors sold positions of 8,733,992 shares during the same period.