Wall Street Analyst Downgrade Roblox Corporation [RBLX]. What else is Wall St. saying

Roblox Corporation [NYSE: RBLX] gained 1.21% or 0.32 points to close at $26.75 with a heavy trading volume of 10768212 shares. The company report on December 15, 2022 that Roblox Reports November 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 the month of November 2022.

It opened the trading session at $26.31, the shares rose to $26.78 and dropped to $25.3202, the range by which the price of stock traded the whole day. The daily chart for RBLX points out that the company has recorded -25.55% loss over the past six months. However, it is still -23.56% lower than its most recent low trading price.

If we look at the average trading volume of 17.06M shares, RBLX reached to a volume of 10768212 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $37.86 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 2.70. 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.

JP Morgan have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 10, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on October 26, 2022, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise to $55, while DA Davidson analysts kept a Buy rating on RBLX stock.

The Average True Range (ATR) for Roblox Corporation is set at 2.05, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 7.17. The Price to Book ratio for the last quarter was 37.68, with the Price to Cash per share for the same quarter was set at 5.09. Price to Free Cash Flow for RBLX in the course of the last twelve months was 271.91 with Quick ratio for the last quarter at 1.60.

Trading performance analysis for RBLX stock

Roblox Corporation [RBLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.15. With this latest performance, RBLX shares dropped by -16.41% in over the last four-week period, additionally sinking by -25.55% over the last 6 months – not to mention a drop of -73.73% 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 36.10, with the RSI for the last a single of trading hit 33.57, and the three-weeks RSI is set at 38.19 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 35.45, while it was recorded at 27.21 for the last single week of trading, and 37.63 for the last 200 days.

Roblox Corporation [RBLX]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at Roblox Corporation [RBLX]

There are presently around $10,672 million, or 75.00% 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 78,657,780, which is approximately -4.982% of the company’s market cap and around 0.50% of the total institutional ownership; MORGAN STANLEY, holding 40,045,061 shares of the stock with an approximate value of $1.07 billion in RBLX stocks shares; and VANGUARD GROUP INC, currently with $757.12 million in RBLX stock with ownership of nearly 29.201% of the company’s market capitalization.

Positions in Roblox Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 288 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 61,396,542 shares. Additionally, 261 investors decreased positions by around 40,999,055 shares, while 130 investors held positions by with 296,540,243 shares. The mentioned changes placed institutional holdings at 398,935,840 shares, according to the latest SEC report filing. RBLX stock had 95 new institutional investments in for a total of 10,719,303 shares, while 94 institutional investors sold positions of 7,068,454 shares during the same period.

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