Roblox Corporation [RBLX] is 37.25% higher this YTD. Is it still time to buy?

Roblox Corporation [NYSE: RBLX] slipped around -1.64 points on Monday, while shares priced at $39.06 at the close of the session, down -4.03%. The company report on April 17, 2023 at 8:30 AM that Roblox Reports March 2023 Key Metrics.

Roblox Corporation (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today released certain key metrics for the month of March 2023.

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Roblox Corporation stock is now 37.25% up from its year-to-date (YTD) trading value. RBLX Stock saw the intraday high of $40.79 and lowest of $38.51 per share. The company’s 52-week high price is 53.88, which means current price is +43.39% above from all time high which was touched on 04/12/23.

Compared to the average trading volume of 11.76M shares, RBLX reached a trading volume of 11180342 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 $42.34 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.

Jefferies have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 10, 2023. The new note on the price target was released on February 16, 2023, representing the official price target for Roblox Corporation stock. On January 19, 2023, analysts decreased their price target for RBLX shares from 27.50 to 24.

The Average True Range (ATR) for Roblox Corporation is set at 2.10, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 10.88. The Price to Book ratio for the last quarter was 76.59, with the Price to Cash per share for the same quarter was set at 4.81.

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 -2.86. With this latest performance, RBLX shares dropped by -7.15% in over the last four-week period, additionally sinking by -8.25% over the last 6 months – not to mention a rise of 12.86% 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 37.13, with the RSI for the last a single of trading hit 28.60, and the three-weeks RSI is set at 42.79 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 41.67, while it was recorded at 40.59 for the last single week of trading, and 38.67 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 -41.52 and a Gross Margin at +16.38. Roblox Corporation’s Net Margin is presently recorded at -41.54.

Return on Total Capital for RBLX is now -50.09, given the latest momentum, and Return on Invested Capital for the company is -51.98. Return on Equity for this stock declined to -207.53, with Return on Assets sitting at -18.61. When it comes to the capital structure of this company, Roblox Corporation [RBLX] has a Total Debt to Total Equity ratio set at 508.72. Additionally, RBLX Total Debt to Total Capital is recorded at 83.57, with Total Debt to Total Assets ending up at 28.96. Long-Term Debt to Equity for the company is recorded at 484.79, with the Long-Term Debt to Total Capital now at 79.64.

Reflecting on the efficiency of the workforce at the company, Roblox Corporation [RBLX] managed to generate an average of -$434,383 per employee. Receivables Turnover for the company is 6.48 with a Total Asset Turnover recorded at a value of 0.45.Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Earnings analysis for Roblox Corporation [RBLX]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RBLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Roblox Corporation go to 23.63%.

Insider trade positions for Roblox Corporation [RBLX]

There are presently around $15,783 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 78,672,205, which is approximately 0.018% of the company’s market cap and around 0.50% of the total institutional ownership; MORGAN STANLEY, holding 38,527,516 shares of the stock with an approximate value of $1.5 billion in RBLX stocks shares; and VANGUARD GROUP INC, currently with $1.21 billion in RBLX stock with ownership of nearly 9.51% of the company’s market capitalization.

Positions in Roblox Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 234 institutional holders increased their position in Roblox Corporation [NYSE:RBLX] by around 42,870,758 shares. Additionally, 323 investors decreased positions by around 37,196,006 shares, while 116 investors held positions by with 323,991,385 shares. The mentioned changes placed institutional holdings at 404,058,149 shares, according to the latest SEC report filing. RBLX stock had 88 new institutional investments in for a total of 5,323,990 shares, while 109 institutional investors sold positions of 4,850,106 shares during the same period.


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