Roblox Corporation [NYSE: RBLX] price plunged by -9.20 percent to reach at -$4.0. The company report on September 15, 2022 that Roblox Reports August 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 August 2022.
A sum of 50061327 shares traded at recent session while its average daily volume was at 25.33M shares. Roblox Corporation shares reached a high of $41.92 and dropped to a low of $38.81 until finishing in the latest session at $39.50.
The one-year RBLX stock forecast points to a potential upside of 11.47. The average equity rating for RBLX stock is currently 2.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $44.62 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 2.40. 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.
Cowen have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on September 12, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on August 17, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another drop from $36 to $29, while Truist kept a Hold rating on RBLX stock. On June 10, 2022, analysts decreased their price target for RBLX shares from 39 to 28.
The Average True Range (ATR) for Roblox Corporation is set at 3.17, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 11.77. The Price to Book ratio for the last quarter was 42.93. Price to Free Cash Flow for RBLX in the course of the last twelve months was 85.73 with Quick ratio for the last quarter at 1.60.
RBLX Stock Performance Analysis:
Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.24. With this latest performance, RBLX shares dropped by -14.32% in over the last four-week period, additionally sinking by -14.78% over the last 6 months – not to mention a drop of -51.49% 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 42.97, with the RSI for the last a single of trading hit 39.61, and the three-weeks RSI is set at 45.63 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 42.66, while it was recorded at 43.70 for the last single week of trading, and 52.33 for the last 200 days.
Insight into Roblox Corporation 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.
Roblox Corporation [RBLX] Insider Position Details
There are presently around $14,987 million, or 70.30% 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 41,649,392 shares of the stock with an approximate value of $1.65 billion in RBLX stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $899.42 million in RBLX stock with ownership of nearly -5.413% 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 317 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 82,055,701 shares. Additionally, 300 investors decreased positions by around 55,958,914 shares, while 111 investors held positions by with 241,408,493 shares. The mentioned changes placed institutional holdings at 379,423,108 shares, according to the latest SEC report filing. RBLX stock had 128 new institutional investments in for a total of 11,617,216 shares, while 141 institutional investors sold positions of 11,196,536 shares during the same period.