The stock of Roblox Corporation (NYSE:RBLX) increased by $0.29 on Monday to finish at $27.10, up 1.08 percent. The last five days have seen an average of 8,526,760 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.36. The average number of shares traded over the last 20 days was 12,592,670, while the average volume over the last 50 days totaled 10,740,298.
RBLX stock dropped -30.39% since last month. On 08/24/23, the company’s shares reached a one-month low of $26.24. The stock touched a high of $47.67 on 04/12/23, after rallying from a low of $25.32 in 52 weeks. The price of RBLX stock has declined by -4.78% or -$1.36 this year, reaching a new high 14 times. Still, the stock price is down -43.15% 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 8 days ago on Aug 21. On Aug 21, Chief Product Officer Bronstein Manuel sold 37,961 shares at $27.14 each. This transaction resulted in the insider making $1,030,110. On Aug 21, Guthrie Michael sold 14,363 shares at a price of US$27.14. After the transaction, the insider now owns 272,937 shares. Gen. Counsel & Secretary Reinstra Mark had earlier sold 11,545 shares on Aug 21 for $27.14 a share. The transaction was completed for $313,285.
Valuation Metrics
Beta for the stock is 1.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.80, the price-to-book (PB) ratio of 96.79.
Financial Health
For the three months ended June 29, Roblox Corporation’s quick ratio was 1.10, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 5.96, and the total debt to equity ratio is 5.96. As far as profitability goes, gross margin for the trailing twelve months is 76.00% percent. Roblox Corporation’s EBITDA margin for the year ended June 29 was -32.57%, whereas its operating margin stood at -49.60% for the same period. Based on annual data, it had gross profit of $1.68 billion and revenue of $2.23 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RBLX’s return on assets (ROA) during the last 12 months has been -21.20%. There was a -71.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -397.50%.
Earnings Surprise
According to Roblox Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $715.53 million, while revenues rose by 16.79% to $686.43 million. It was predicted that Roblox Corporation’s quarterly earnings would be -$0.46, but it ended up being -$0.45, beating the consensus by -2.20%. EBITDA was -$280.69 million for the quarter. At the end of Roblox Corporation’s most recent quarter ended June 29, its liabilities totaled 5.44 billion, while its total debt was $1.74 billion. Equity owned by shareholders amounts to $616.77 million.
Technical Picture
Here’s a quick look at Roblox Corporation’s (RBLX) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 26.05%, suggesting the stock is oversold, with a 26.27% historical volatility rate.
The stochastic %K and %D were 7.03% and 3.78% respectively, while the average true range (ATR) was 1.15. Based on the 14-day stochastic reading of 13.68%, the RSI (14) reading is 27.96%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -1.41.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Roblox Corporation (NYSE: RBLX) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Roblox Corporation (RBLX) an Overweight rating. RBLX is a stock that is recommended for selling by 6 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is RBLX’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $54.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Roblox Corporation (RBLX) is $36.90.
