Roblox Corporation (NYSE:RBLX) saw an upside of 2.95% to close Monday at $26.14 after adding $0.75 on the day. The 5-day average trading volume is 10,121,580 shares of the company’s common stock. It has gained $27.59 in the past week and touched a new high 1 time within the past 5 days. An average of 10,197,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,683,236.
RBLX’s 1-month performance is -1.54% or -$0.67 on its low of $24.88 reached on 09/25/23. The company’s shares have touched a 52-week low of $25.15 and high of $47.67, with the stock’s rally to the 52-week high happening on 04/12/23. YTD, RBLX has lost -8.15% or -$2.32 and has reached a new high 14 times. However, the current price is down -45.16% from the 52-week high price.
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Insider Transactions
RBLX stock investors last saw insider trading activity on Aug 28.Baszucki Gregory (Director) most recently sold 8,333 shares at $27.03 per share on Aug 28. This transaction cost the insider $225,238. Chief Product Officer, Bronstein Manuel, sold 37,961 shares at a price of $27.14 on Aug 21. Then, on Aug 21, Chief Financial Officer Guthrie Michael sold 14,363 shares at a price of $27.14 per share. This transaction amounted to $389,754.
Valuation Metrics
RBLX stock has a beta of 1.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.63 while the price-to-book (PB) in the most recent quarter is 95.61.
Roblox Corporation’s quick ratio for the period ended June 29 was 0.93, with the current ratio over the same period at 0.93. As well, the company’s long term debt to equity for the quarter ending June 29 was 9.77, while the total debt to equity was 10.32. In terms of profitability, the gross margin trailing 12 months is 14.08%. The trailing 12-month EBITDA margin is -32.57% while for the period ending June 29, Roblox Corporation’s operating margin was -49.27%. 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 25 September was 35.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.69%.
The stock’s 5-day moving average is $26.01, reflecting a -5.32% or -$1.47 change from its current price. RBLX is currently trading -2.50% above its 20-day SMA, -24.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -39.21% and SMA200 by-14.71%.
Stochastic %K and %D was 11.96% and 8.93% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 34.40%, while the 14-day stochastic is at 26.84% with the period’s ATR at 1.15. The stock’s 9-day MACD Oscillator is pointing at -1.17 and -1.94 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 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 16 have offered a “buy” rating.
