Roblox Corporation (NYSE:RBLX) saw a downside of -2.00% to close Monday at $26.96 after subtracting -$0.55 on the day. The 5-day average trading volume is 10,667,320 shares of the company’s common stock. It has gained $30.38 in the past week and touched a new high 1 time within the past 5 days. An average of 12,085,970 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,657,060.
RBLX’s 1-month performance is -33.55% or -$13.61 on its low of $26.88 reached on 08/21/23. The company’s shares have touched a 52-week low of $25.32 and high of $47.67, with the stock’s rally to the 52-week high happening on 04/12/23. YTD, RBLX has lost -5.27% or -$1.50 and has reached a new high 14 times. However, the current price is down -43.44% from the 52-week high price.
Insider Transactions
RBLX stock investors last saw insider trading activity on Aug 14.Baszucki David (President & CEO) most recently sold 375,000 shares at $30.03 per share on Aug 14. This transaction cost the insider $11,260,800. President & CEO, Baszucki David, sold 75,000 shares at a price of $30.03 on Aug 14. Then, on Aug 11, President & CEO Baszucki David sold 375,000 shares at a price of $30.06 per share. This transaction amounted to $11,274,038.
Valuation Metrics
RBLX stock has a beta of 1.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.92 while the price-to-book (PB) in the most recent quarter is 96.29.
Roblox Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 5.96, while the total debt to equity was 5.96. In terms of profitability, the gross margin trailing 12 months is 76.00%. The trailing 12-month EBITDA margin is -32.57% while for the period ending June 29, Roblox Corporation’s operating margin was -49.60%. The firm’s gross profit as reported stood at $1.68 billion against revenue of $2.23 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 37.61% to -$282.78 million, while revenue of -$268.31 million was 5.12% off the previous quarter. Analysts expected RBLX to announce -$0.45 per share in earnings in its latest quarter, but it posted -$0.46, representing a -2.20% surprise. EBITDA for the quarter stood at more than -$280.69 million. RBLX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.44 billion, with total debt at $1.74 billion. Shareholders hold equity totaling $616.77 million.
Let’s look briefly at Roblox Corporation (RBLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 19.32% to suggest the stock is trending oversold, with historical volatility in this time period at 120.70%.
The stock’s 5-day moving average is $28.27, reflecting a -11.72% or -$3.58 change from its current price. RBLX is currently trading -31.83% above its 20-day SMA, -35.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -30.64% and SMA200 by-39.16%.
Stochastic %K and %D was 0.80% and 1.57% and the average true range (ATR) pointed at 1.61. The RSI (14) points at 24.81%, while the 14-day stochastic is at 0.68% with the period’s ATR at 1.75. The stock’s 9-day MACD Oscillator is pointing at -1.65 and -4.62 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Roblox Corporation (NYSE: RBLX), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for RBLX stock have a consensus rating for the stock as Overweight. Currently, 6 brokerage advisors rate RBLX as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is RBLX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.00 and a high of $54.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Roblox Corporation (RBLX) stock is $36.90.
