As of Wednesday close, Roblox Corporation’s (NYSE:RBLX) stock was down -$0.71, moving down -2.63 percent to $26.25. The average number of shares traded per day over the past five days has been 12,736,940 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.49 fall in that time frame. In the last twenty days, the average volume was 10,161,410, while in the previous 50 days, it was 10,819,526.
Since last month, RBLX stock retreated -2.63%. Shares of the company fell to $26.12 on 09/19/23, the lowest level in the past month. A 52-week high of $47.67 was reached on 04/12/23 after having rallying from a 52-week low of $25.32. Since the beginning of this year, RBLX’s stock price has dropped by -7.77% or -$2.21, and marked a new high 14 times. However, the stock has declined by -44.93% since its 52-week high.
RBLX stock investors should be aware that Roblox Corporation (RBLX) stock had its last reported insider trading activity 24 days ago on Aug 28. Baszucki Gregory, the Director of the company, disposed of 8,333 shares for $27.03 on Aug 28. It resulted in a $225,238 divestment by the insider. Bronstein Manuel sold 37,961 shares at an average price of $27.14 on Aug 21. The insider now owns 777,284 shares following the transaction. On Aug 21, Chief Financial Officer Guthrie Michael sold 14,363 shares at $27.14 apiece. The transaction was valued at $389,754.
Valuation Metrics
The stock’s beta is 1.69. Besides these, the trailing price-to-sales (P/S) ratio of 6.62, the price-to-book (PB) ratio of 93.75.
Financial Health
In the three months ended June 29, Roblox Corporation’s quick ratio stood at 1.10, while its current ratio was 1.10, 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 June 29 was 5.96, and the total debt-to-equity ratio was 5.96. On the profitability front, the trailing twelve-month gross margin is 76.00% percent. In the year ended June 29, EBITDA margin amounted to -32.57%, whereas operating margins totaled -49.60%. Based on annual data, RBLX earned $1.68 billion in gross profit and brought in $2.23 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 -71.60%. Return on equity (ROE) for the past 12 months was -397.50%.
In Roblox Corporation’s quarter-end financial report for June 29, it reported total debt of $1.0 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RBLX’s revenue rose 16.79% to $686.43 million during the quarter, while net income inched up to $715.53 million. While analysts expected Roblox Corporation to report -$0.45 quarterly earnings, the actual figure was -$0.46 per share, beating the consensus estimate by -2.20%. During the quarter, the company generated -$280.69 million in EBITDA. The liabilities of Roblox Corporation were 5.44 billion at the end of its most recent quarter ended June 29, and its total debt was $1.74 billion. The value of shareholders’ equity is $616.77 million.
Technical Picture
This quick technical analysis looks at Roblox Corporation’s (RBLX) price momentum. With a historical volatility rate of 32.33%, the RSI 9-day stood at 26.63% on 20 September.
With respect to its five-day moving average, the current Roblox Corporation price is down by -5.37% percent or -$1.49. At present, RBLX shares trade -1.39% below its 20-day simple moving average and -26.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.85% below its SMA50 and -21.38% below its SMA200.
Stochastic coefficient K was 20.37% and Stochastic coefficient D was 31.39%, while ATR was 1.11. Given the Stochastic reading of 3.76% for the 14-day period, the RSI (14) reading has been calculated as 30.41%. As of today, the MACD Oscillator reading stands at -0.95, while the 14-day reading stands at -1.25.
Analyst Ratings
Morgan Stanley upgraded its rating on Roblox Corporation (NYSE: RBLX) to an Equal-weight in a note to investors on August 10, 2023. The analysts firm previously had an Underweight rating on the stock.Roblox Corporation (RBLX) has been rated Overweight by analysts. According to 6 brokerage firms, RBLX is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Roblox Corporation stock as buy, with 16 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $18.00 – $54.00. Based on these forecasts, analysts predict Roblox Corporation (RBLX) will achieve an average price target of $36.82.
