Roblox Corporation (NYSE: RBLX)’s stock price has plunge by 5.09relation to previous closing price of 37.34. Nevertheless, the company has seen a 8.97% surge in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-03 that Roth MKM sees Roblox’s momentum in user monetization and growth lifting the share price. The firm maintained a buy rating on the shares with a $55 price target.
Is It Worth Investing in Roblox Corporation (NYSE: RBLX) Right Now?
Moreover, the 36-month beta value for RBLX is 1.63. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RBLX is 487.88M and currently, short sellers hold a 3.93% of that float. On May 06, 2024, RBLX’s average trading volume was 7.79M shares.
RBLX’s Market Performance
RBLX stock saw an increase of 8.97% in the past week, with a monthly gain of 6.63% and a quarterly increase of -3.52%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 3.57% for Roblox Corporation (RBLX). The simple moving average for the past 20 days is 6.50% for RBLX’s stock, with a 7.36% simple moving average for the past 200 days.
Analysts’ Opinion of RBLX
Many brokerage firms have already submitted their reports for RBLX stocks, with JP Morgan repeating the rating for RBLX by listing it as a “Overweight.” The predicted price for RBLX in the upcoming period, according to JP Morgan is $48 based on the research report published on April 23, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see RBLX reach a price target of $48, previously predicting the price at $35. The rating they have provided for RBLX stocks is “Neutral” according to the report published on February 08th, 2024.
Barclays gave a rating of “Equal Weight” to RBLX, setting the target price at $46 in the report published on February 08th of the current year.
RBLX Trading at 2.77% from the 50-Day Moving Average
After a stumble in the market that brought RBLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.86% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +3.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.47% lower at present.
During the last 5 trading sessions, RBLX rose by +8.97%, which changed the moving average for the period of 200-days by -12.53% in comparison to the 20-day moving average, which settled at $36.92. In addition, Roblox Corporation saw -14.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RBLX starting from Baszucki Gregory, who sale 13,000 shares at the price of $35.08 back on Apr 24 ’24. After this action, Baszucki Gregory now owns 9,747,603 shares of Roblox Corporation, valued at $456,054 using the latest closing price.
Reinstra Mark, the Gen. Counsel & Secretary of Roblox Corporation, sale 4,000 shares at $36.69 during a trade that took place back on Apr 17 ’24, which means that Reinstra Mark is holding 359,453 shares at $146,760 based on the most recent closing price.
Stock Fundamentals for RBLX
Current profitability levels for the company are sitting at:
- -0.45 for the present operating margin
- 0.77 for the gross margin
The net margin for Roblox Corporation stands at -0.41. The total capital return value is set at -0.4. Equity return is now at value -602.61, with -19.96 for asset returns.
Based on Roblox Corporation (RBLX), the company’s capital structure generated 0.94 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 14.63. The interest coverage ratio of the stock is -31.09.
Currently, EBITDA for the company is -1.05 billion with net debt to EBITDA at -0.97. When we switch over and look at the enterprise to sales, we see a ratio of 9.2. The receivables turnover for the company is 5.53for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To wrap up, the performance of Roblox Corporation (RBLX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
