Roblox Corporation [NYSE: RBLX] stock went on a downward path that fall over -0.15% on Wednesday, amounting to a one-week price increase of more than 6.01%.
Over the last 12 months, RBLX stock rose by 70.59%. The one-year Roblox Corporation stock forecast points to a potential downside of -10.61. The average equity rating for RBLX stock is currently 1.91, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $43.31 billion, with 607.45 million shares outstanding and 540.61 million shares in the current float. Compared to the average trading volume of 8.21M shares, RBLX stock reached a trading volume of 5596953 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $59.67 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 1.91. 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.
HSBC Securities have made an estimate for Roblox Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 12, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $38 to $65. The new note on the price target was released on November 04, 2024, representing the official price target for Roblox Corporation stock. Previously, the target price had yet another raise from $47 to $51, while BTIG Research kept a Buy rating on RBLX stock.
The Average True Range (ATR) for Roblox Corporation is set at 2.04, with the Price to Sales ratio for RBLX stock in the period of the last 12 months amounting to 12.88. The Price to Book ratio for the last quarter was 228.03, with the Price to Cash per share for the same quarter was set at 3.54. Price to Free Cash Flow for RBLX in the course of the last twelve months was 72.17 with Quick ratio for the last quarter at 0.81.
RBLX Stock Performance Analysis:
Roblox Corporation [RBLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.01. With this latest performance, RBLX shares gained by 12.24% in over the last four-week period, additionally plugging by 60.98% over the last 6 months – not to mention a rise of 70.59% 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 73.01, with the RSI for the last a single of trading hit 77.79, and the three-weeks RSI is set at 70.23 for Roblox Corporation [RBLX]. The present Moving Average for the last 50 days of trading for this stock 57.30, while it was recorded at 65.33 for the last single week of trading, and 44.01 for the last 200 days.
Insight into Roblox Corporation Fundamentals:
Roblox Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.81 and a Current Ratio set at 0.81.
Roblox Corporation [RBLX] Institutonal Ownership Details
There are presently around $78.40%, or 83.34%% of RBLX stock, in the hands of institutional investors. The top three institutional holders of RBLX stocks are: VANGUARD GROUP INC with ownership of 49.61 million shares, which is approximately 7.812%. ALTOS VENTURES MANAGEMENT INC., holding 43.94 million shares of the stock with an approximate value of $$1.64 billion in RBLX stocks shares; and ALTOS VENTURES MANAGEMENT INC., currently with $$1.12 billion in RBLX stock with ownership which is approximately 4.7223%.
