Roblox Corporation (NYSE:RBLX) finished Thursday with an addition of $0.44 to close at $27.83, an upside of 1.61 percent. An average of 8,954,040 shares of common stock have been traded in the last five days. There was a gain of $2.52 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 10,605,065 shares traded, while the 50-day average volume stands at 10,737,740.
RBLX stock has increased by 0.25% in the last month. The company shares reached their 1-month lowest point of $24.88 on 09/25/23. With the stock rallying to its 52-week high on 04/12/23, shares of the company touched a low of $24.88 and a high of $47.67 in 52 weeks. It has reached a new high 14 times so far this year and lost -2.21% or -$0.63 in price. In spite of this, the price is down -41.62% from the 52-week high.
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Insider Transactions
RBLX stock investors should be aware that Roblox Corporation (RBLX) stock had its last reported insider trading activity 3 days ago on Sep 26. In this transaction, the insider spent $217,987. Director, Baszucki Gregory, disposed of 8,333 shares at a price of $27.03 on Aug 28. The insider now owns more than $225,238 worth of shares. Prior to that, Chief Product Officer Bronstein Manuel went on to Sale 37,961 shares at $27.14 each on Aug 21. An amount of $1,030,110 was transacted.
Valuation Metrics
Roblox Corporation (RBLX) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.06, the price-to-book (PB) ratio at 101.79.
Financial Health
The quick ratio of Roblox Corporation for the three months ended June 29 was 0.93, and the current ratio was 0.93, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 9.77 and a total debt to equity ratio of 10.32 for the quarter ending June 29. Roblox Corporation’s EBITDA margin for the year ending June 29 is -32.57%, while its operating margin for the same period stands at -49.27%. 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 28 September was 54.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.80%.
As of today, RBLX’s price is $26.75 +9.96% or $2.52 from its 5-day moving average. RBLX is currently trading -1.24% lower than its 20-day SMA and -20.60% lower than its 100-day SMA. However, the stock’s current price level is -37.96% below the SMA50 and -12.07% below the SMA200.
The stochastic %K and %D were 53.89% and 40.55%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 62.83% and the average true range at 1.13, the RSI (14) stands at 46.90%. The stock has reached 0.76 on the 9-day MACD Oscillator while the 14-day reading was at 0.19.
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. The consensus rating for Roblox Corporation (RBLX) among analysts is Overweight. According to current brokerage recommendations, 6 brokerage firms advise that investors sell RBLX, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 16 others rate it as a “buy”.
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 $36.82.
