Roblox Corporation (RBLX) Price Target: Is It Set To Rise Or Fall In Price?

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RTX Stock
RTX Stock

Roblox Corporation (NYSE:RBLX) finished Thursday with a subtraction of -$0.55 to close at $35.26, a downside of -1.54 percent. An average of 22,805,719 shares of common stock have been traded in the last five days. There was a fall of -$8.24 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 18,299,330 shares traded, while the 50-day average volume stands at 21,122,496.

RBLX stock has decreased by -14.15% in the last month. The company shares reached their 1-month lowest point of $34.90 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $21.65 and a high of $141.60 in 52 weeks. It has reached a new high 1 time so far this year and lost -65.82% or -$67.90 in price. In spite of this, the price is down -75.10% from the 52-week high.


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Insider Transactions

8 days have passed since Roblox Corporation (RBLX) last reported insider trading activity. Donato Craig, who is Chief Business Officer, most recently acquired $2,000 shares at $44.38 per share on Sep 15. In this transaction, the insider spent $88,760. CMKtg & People Exper Officer, Messing Barbara, disposed of 21,622 shares at a price of $45.04 on Sep 12. The insider now owns more than $973,941 worth of shares. Prior to that, Chief Product Officer Bronstein Manuel went on to Sale 2,612 shares at $45.00 each on Sep 09. An amount of $117,540 was transacted.

Valuation Metrics

Roblox Corporation (RBLX) has a trailing price-to-sales (P/S) ratio at 10.50, the price-to-book (PB) ratio at 38.33, and the price-to-cash flow ratio at 76.53.

Financial Health

The quick ratio of Roblox Corporation for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.81 and a total debt to equity ratio of 1.81 for the quarter ending June 29. Its gross profit as reported stood at $1.42 billion compared to revenue of $1.92 billion.

Earnings Surprise

For the three-month period that ended June 29, Roblox Corporation had $988.35 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$176.44 million in the quarter, while revenues were grew 20.58%. The analyst consensus anticipated Roblox Corporation’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.3, a -42.90% surprise. For the quarter, EBITDA amounted to -$140.96 million. Shareholders own equity worth $596.77 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Roblox Corporation (RBLX) price momentum. RSI 9-day as of the close on 22 September was 29.41%, suggesting the stock is oversold, with historical volatility in this time frame at 55.38%.

As of today, RBLX’s price is $36.82 -18.94% or -$8.24 from its 5-day moving average. RBLX is currently trading -14.38% lower than its 20-day SMA and +15.04% higher than its 100-day SMA. However, the stock’s current price level is -4.91% below the SMA50 and -68.87% below the SMA200.

The stochastic %K and %D were 3.68% and 9.46%, respectively, and the average true range (ATR) was 2.69. With the 14-day stochastic at 2.96% and the average true range at 2.76, the RSI (14) stands at 34.99%. The stock has reached -4.52 on the 9-day MACD Oscillator while the 14-day reading was at -4.62.

Analyst Ratings

Cowen launched coverage on Roblox Corporation (NYSE: RBLX) in its analyst report released on September 12, 2022. The firm assigned the stock an Underperform rating. The consensus rating for Roblox Corporation (RBLX) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell RBLX, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 9 others rate it as a “buy”.

What is RBLX’s price target for the next 12 months?

Analysts predict a range of price targets between $21.00 and $75.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Roblox Corporation (RBLX) stock is $46.63.

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