Roblox Corporation (NYSE:RBLX) finished Thursday with an addition of $0.13 to close at $26.55, an upside of 0.49 percent. An average of 10,171,399 shares of common stock have been traded in the last five days. There was a fall of -$1.30 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 12,680,155 shares traded, while the 50-day average volume stands at 10,796,404.
RBLX stock has decreased by -33.54% in the last month. The company shares reached their 1-month lowest point of $26.24 on 08/24/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $25.32 and a high of $47.67 in 52 weeks. It has reached a new high 14 times so far this year and lost -6.71% or -$1.91 in price. In spite of this, the price is down -44.30% from the 52-week high.
Insider Transactions
RBLX stock investors should be aware that Roblox Corporation (RBLX) stock had its last reported insider trading activity 4 days ago on Aug 21. In this transaction, the insider spent $1,030,110. Chief Financial Officer, Guthrie Michael, disposed of 14,363 shares at a price of $27.14 on Aug 21. The insider now owns more than $389,754 worth of shares. Prior to that, Gen. Counsel & Secretary Reinstra Mark went on to Sale 11,545 shares at $27.14 each on Aug 21. An amount of $313,285 was transacted.
Valuation Metrics
Roblox Corporation (RBLX) stock’s beta is 1.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.81, the price-to-book (PB) ratio at 94.82.
Financial Health
The quick ratio of Roblox Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.96 and a total debt to equity ratio of 5.96 for the quarter ending June 29. Its gross profit as reported stood at $1.68 billion compared to revenue of $2.23 billion.
Earnings Surprise
For the three-month period that ended June 29, Roblox Corporation had $1.0 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$282.78 million in the quarter, while revenues of -$268.31 million were grew 37.61%. The analyst consensus anticipated Roblox Corporation’s latest quarter earnings to come in at -$0.45 per share, but it turned out to be -$0.46, a -2.20% surprise. For the quarter, EBITDA amounted to -$280.69 million. Shareholders own equity worth $616.77 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 24 August was 19.57%, suggesting the stock is oversold, with historical volatility in this time frame at 27.96%.
As of today, RBLX’s price is $26.81 -4.67% or -$1.30 from its 5-day moving average. RBLX is currently trading -29.97% lower than its 20-day SMA and -40.97% lower than its 100-day SMA. However, the stock’s current price level is -34.09% below the SMA50 and -34.57% below the SMA200.
The stochastic %K and %D were 1.38% and 0.90%, respectively, and the average true range (ATR) was 1.30. With the 14-day stochastic at 2.61% and the average true range at 1.51, the RSI (14) stands at 24.65%. The stock has reached -1.41 on the 9-day MACD Oscillator while the 14-day reading was at -3.23.
Analyst Ratings
Morgan Stanley upgraded Roblox Corporation (NYSE: RBLX) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight.
What is RBLX’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $54.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Roblox Corporation (RBLX) stock is $36.90.
