Roblox Corporation [RBLX] stock Downgrade by Atlantic Equities analyst, price target now $30


Roblox Corporation [NYSE: RBLX] traded at a low on 06/03/22, posting a -10.39 loss after which it closed the day’ session at $30.00. The company report on May 26, 2022 that Akili Integrates First-of-its-Kind Prescription Video Game Treatment with the Virtual World Through Partnership with Roblox.

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The Roblox vision for bringing people together through shared experiences, plus the Akili commitment to a new era of cognitive medicine, make the companies ideal partners to deliver a reimagined patient experience.

Akili Interactive (“Akili”), a leading digital medicine company pioneering the development of cognitive treatments through game-changing technologies, and Roblox (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today announced a collaboration that connects patients’ medical treatments to their favorite virtual worlds.

The results of the trading session contributed to over 24848048 shares changing hands. Over the past one week, the price volatility of Roblox Corporation stands at 11.26% while the volatility over the past one month is 14.49%.

The market cap for RBLX stock reached $19.86 billion, with 588.52 million shares outstanding and 511.19 million shares in the current float. Compared to the average trading volume of 28.02M shares, RBLX reached a trading volume of 24848048 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 $39.50 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.

Atlantic Equities have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 24, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on May 10, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another drop from $108 to $50, while Goldman kept a Neutral rating on RBLX stock.

The Average True Range (ATR) for Roblox Corporation is set at 3.74, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 9.60. The Price to Book ratio for the last quarter was 31.58. Price to Free Cash Flow for RBLX in the course of the last twelve months was 37.60 with Quick ratio for the last quarter at 1.70.

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 -1.93. With this latest performance, RBLX shares dropped by -13.99% in over the last four-week period, additionally sinking by -74.34% over the last 6 months – not to mention a drop of -69.87% 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 46.39, with the RSI for the last a single of trading hit 47.60, and the three-weeks RSI is set at 44.93 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 36.37, while it was recorded at 30.83 for the last single week of trading, and 69.84 for the last 200 days.

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 -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.

Insider trade positions for Roblox Corporation [RBLX]

There are presently around $10,609 million, or 66.00% 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 $1.19 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $722.2 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 382 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 52,151,404 shares. Additionally, 327 investors decreased positions by around 65,519,127 shares, while 82 investors held positions by with 235,976,351 shares. The mentioned changes placed institutional holdings at 353,646,882 shares, according to the latest SEC report filing. RBLX stock had 123 new institutional investments in for a total of 15,386,089 shares, while 189 institutional investors sold positions of 9,316,680 shares during the same period.