Roblox Corporation [RBLX] moved up 3.21: Why It’s Important

Roblox Corporation [NYSE: RBLX] traded at a high on 08/12/22, posting a 3.21 gain after which it closed the day’ session at $51.15. The company report on August 9, 2022 that Roblox Reports Second Quarter 2022 Financial Results.

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Revenue up 30% over prior year to $591.2 million.

Strong year over year growth in Daily Active Users and Hours Engaged, up 21% and 16%, respectively.

The results of the trading session contributed to over 24391672 shares changing hands. Over the past one week, the price volatility of Roblox Corporation stands at 8.56% while the volatility over the past one month is 6.95%.

The market cap for RBLX stock reached $29.57 billion, with 593.93 million shares outstanding and 465.17 million shares in the current float. Compared to the average trading volume of 32.32M shares, RBLX reached a trading volume of 24391672 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 $44.47 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 2.30. 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 3.24, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 13.40. The Price to Book ratio for the last quarter was 55.60. Price to Free Cash Flow for RBLX in the course of the last twelve months was 97.65 with Quick ratio for the last quarter at 1.60.

How has RBLX stock performed recently?

Roblox Corporation [RBLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.88. With this latest performance, RBLX shares gained by 36.44% in over the last four-week period, additionally sinking by -26.84% over the last 6 months – not to mention a drop of -38.11% 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 72.53, with the RSI for the last a single of trading hit 77.42, and the three-weeks RSI is set at 67.72 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 37.84, while it was recorded at 48.99 for the last single week of trading, and 59.67 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 1.60 and a Current Ratio set at 1.60.

Insider trade positions for Roblox Corporation [RBLX]

There are presently around $19,197 million, or 68.50% 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 $2.04 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.23 billion 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 August and at the time of the August reporting period, where 320 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 69,466,103 shares. Additionally, 320 investors decreased positions by around 60,505,415 shares, while 109 investors held positions by with 245,342,686 shares. The mentioned changes placed institutional holdings at 375,314,204 shares, according to the latest SEC report filing. RBLX stock had 122 new institutional investments in for a total of 11,005,376 shares, while 156 institutional investors sold positions of 13,683,623 shares during the same period.


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