Roblox Corporation [NYSE: RBLX] traded at a high on Monday, posting a 2.95 gain after which it closed the day’ session at $39.82.
The results of the trading session contributed to over 7687983 shares changing hands. Over the past one week, the price volatility of Roblox Corporation stands at 3.20% while the volatility over the past one month is 3.03%.
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The market cap for RBLX stock reached $25.48 billion, with 581.13 million shares outstanding and 498.79 million shares in the current float. Compared to the average trading volume of 7.53M shares, RBLX reached a trading volume of 7687983 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 $41.21 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 1.90. 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.
Macquarie have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 14, 2024. The new note on the price target was released on May 10, 2024, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise from $41 to $48, while JP Morgan kept a Overweight rating on RBLX stock. On February 08, 2024, analysts increased their price target for RBLX shares from 35 to 48.
The Average True Range (ATR) for Roblox Corporation is set at 1.19, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 8.65. The Price to Book ratio for the last quarter was 382.85, with the Price to Cash per share for the same quarter was set at 3.77. Price to Free Cash Flow for RBLX in the course of the last twelve months was 103.03 with Quick ratio for the last quarter at 0.90.
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 7.01. With this latest performance, RBLX shares gained by 11.85% in over the last four-week period, additionally sinking by -6.66% over the last 6 months – not to mention a drop of -0.40% 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 73.11, with the RSI for the last a single of trading hit 82.46, and the three-weeks RSI is set at 65.71 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 35.32, while it was recorded at 38.09 for the last single week of trading, and 37.25 for the last 200 days.
Roblox Corporation [RBLX]: Deeper insight into the fundamentals
Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings analysis for Roblox Corporation [RBLX]
With the latest financial reports released by the company, Roblox Corporation posted -0.46/share EPS, while the average EPS was predicted by analysts to be reported at -0.45/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.20%. 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 10.19%.
Insider trade positions for Roblox Corporation [RBLX]
The top three institutional holders of RBLX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in RBLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in RBLX stock with ownership which is approximately 5.1238%.
