Market Analysts see Roblox Corporation [RBLX] falling to $29. Time to buy?


Roblox Corporation [NYSE: RBLX] closed the trading session at $36.42 on 06/24/22. The day’s price range saw the stock hit a low of $34.73, while the highest price level was $36.89. The company report on June 15, 2022 that Roblox Reports May 2022 Key Metrics.

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Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today released certain key metrics for May 2022.

The stocks have a year to date performance of -64.70 percent and weekly performance of 47.51 percent. The stock has been moved at -64.56 percent over the last six months. The stock has performed 34.54 percent around the most recent 30 days and changed -28.29 percent over the most recent 3-months.

If compared to the average trading volume of 29.22M shares, RBLX reached to a volume of 68129811 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 $38.00 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 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.

Truist have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 17, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $39 to $28. The new note on the price target was released on June 10, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $30, while Atlantic Equities analysts kept a Neutral rating on RBLX stock.

The Average True Range (ATR) for Roblox Corporation is set at 3.27, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 9.88. The Price to Book ratio for the last quarter was 38.34. Price to Free Cash Flow for RBLX in the course of the last twelve months was 38.72 with Quick ratio for the last quarter at 1.70.

RBLX stock trade performance evaluation

Roblox Corporation [RBLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 47.51. With this latest performance, RBLX shares gained by 34.54% in over the last four-week period, additionally sinking by -64.56% over the last 6 months – not to mention a drop of -58.30% 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 59.92, with the RSI for the last a single of trading hit 66.53, and the three-weeks RSI is set at 55.33 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 31.59, while it was recorded at 31.71 for the last single week of trading, and 66.01 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 $12,847 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 $1.45 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $876.75 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 383 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 51,259,492 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 352,754,970 shares, according to the latest SEC report filing. RBLX stock had 124 new institutional investments in for a total of 15,388,991 shares, while 189 institutional investors sold positions of 9,316,680 shares during the same period.