How Analysts Feel About Roblox Corporation (RBLX)?


As of Wednesday close, Roblox Corporation’s (NYSE:RBLX) stock was up $1.16, moving up 3.76 percent to $32.00. The average number of shares traded per day over the past five days has been 12,983,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.41 fall in that time frame. In the last twenty days, the average volume was 15,618,715, while in the previous 50 days, it was 19,226,180.

Since last month, RBLX stock retreated -29.99%. Shares of the company fell to $29.46 on 11/21/22, the lowest level in the past month. A 52-week high of $137.71 was reached on 01/03/22 after having rallying from a 52-week low of $21.65. Since the beginning of this year, RBLX’s stock price has dropped by -68.98% or -$71.16, and marked a new high 1 time. However, the stock has declined by -76.76% since its 52-week high.

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RBLX stock investors should be aware that Roblox Corporation (RBLX) stock had its last reported insider trading activity 4 days ago on Nov 21. Donato Craig, the Chief Business Officer of the company, disposed of 7,674 shares for $30.14 on Nov 21. It resulted in a $231,273 divestment by the insider. Messing Barbara sold 5,611 shares at an average price of $30.14 on Nov 21. The insider now owns 147,685 shares following the transaction. On Nov 21, Chief Product Officer Bronstein Manuel sold 32,190 shares at $30.14 apiece. The transaction was valued at $970,118.

Financial Health

In the three months ended September 29, Roblox Corporation’s quick ratio stood at 1.60, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.33, and the total debt-to-equity ratio was 2.33. On the profitability front, the trailing twelve-month gross margin is 74.80% percent. In the year ended September 29, operating margins totaled -34.40%. Based on annual data, RBLX earned $1.42 billion in gross profit and brought in $1.92 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -31.50%. Return on equity (ROE) for the past 12 months was -147.00%.

In Roblox Corporation’s quarter-end financial report for September 29, it reported total debt of $988.66 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RBLX’s revenue rose 3.98% to $595.4 million during the quarter, while net income inched up to $530.47 million. While analysts expected Roblox Corporation to report -$0.35 quarterly earnings, the actual figure was -$0.5 per share, beating the consensus estimate by -42.90%. During the quarter, the company generated -$265.64 million in EBITDA. The liabilities of Roblox Corporation were 4.61 billion at the end of its most recent quarter ended September 29, and its total debt was $1.48 billion. The value of shareholders’ equity is $600.82 million.

Technical Picture

This quick technical analysis looks at Roblox Corporation’s (RBLX) price momentum. With a historical volatility rate of 73.38%, the RSI 9-day stood at 36.62% on 23 November.

With respect to its five-day moving average, the current Roblox Corporation price is down by -7.00% percent or -$2.41. At present, RBLX shares trade -29.67% below its 20-day simple moving average and -19.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.00% below its SMA50 and -50.33% below its SMA200.

Stochastic coefficient K was 10.73% and Stochastic coefficient D was 8.97%, while ATR was 2.63. Given the Stochastic reading of 15.75% for the 14-day period, the RSI (14) reading has been calculated as 38.70%. As of today, the MACD Oscillator reading stands at -2.28, while the 14-day reading stands at -3.48.

Analyst Ratings

Roblox Corporation downgraded its rating on Roblox Corporation (NYSE: RBLX) to a Neutral in a note to investors on November 10, 2022. The analysts firm previously had an Overweight rating on the stock.Roblox Corporation (RBLX) has been rated Hold by analysts. According to 5 brokerage firms, RBLX is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Roblox Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $35.00, the current consensus forecast for the stock is $19.00 – $54.00. Based on these forecasts, analysts predict Roblox Corporation (RBLX) will achieve an average price target of $37.71.


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