The 36-month beta value for RBLX is at 1.60. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for RBLX is 503.74M, and currently, shorts hold a 3.39% of that float. The average trading volume for RBLX on August 26, 2024 was 6.07M shares.
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RBLX) stock’s latest price update
Roblox Corporation (NYSE: RBLX)’s stock price has plunge by 1.85relation to previous closing price of 43.36. Nevertheless, the company has seen a 8.80% surge in its stock price over the last five trading sessions. fool.com reported 2024-08-23 that Wood added to her positions in Ibotta, Roblox, and Guardant Health on Thursday. Ibotta has taken a hit after its first two quarters as a public company.
RBLX’s Market Performance
Roblox Corporation (RBLX) has seen a 8.80% rise in stock performance for the week, with a 8.93% gain in the past month and a 38.13% surge in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 3.74% for RBLX. The simple moving average for the past 20 days is 11.73% for RBLX’s stock, with a 13.61% simple moving average for the past 200 days.
Analysts’ Opinion of RBLX
Jefferies, on the other hand, stated in their research note that they expect to see RBLX reach a price target of $42, previously predicting the price at $51. The rating they have provided for RBLX stocks is “Hold” according to the report published on July 11th, 2024.
Macquarie gave a rating of “Outperform” to RBLX, setting the target price at $46 in the report published on June 14th of the current year.
RBLX Trading at 14.01% 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 -6.44% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +9.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.56% upper at present.
During the last 5 trading sessions, RBLX rose by +8.80%, which changed the moving average for the period of 200-days by +30.46% in comparison to the 20-day moving average, which settled at $39.70. In addition, Roblox Corporation saw -3.41% 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 ARVIND CHAKRAVARTHY, who proposed sale 14,176 shares at the price of $43.36 back on Aug 23 ’24. After this action, ARVIND CHAKRAVARTHY now owns shares of Roblox Corporation, valued at $614,671 using the latest closing price.
Rawlings Amy Marie, the Chief Accounting Officer of Roblox Corporation, sale 4,933 shares at $40.35 during a trade that took place back on Aug 20 ’24, which means that Rawlings Amy Marie is holding 99,617 shares at $199,045 based on the most recent closing price.
Stock Fundamentals for RBLX
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- 0.5 for the gross margin
The net margin for Roblox Corporation stands at -0.34. The total capital return value is set at -0.38. Equity return is now at value -742.99, with -17.85 for asset returns.
Based on Roblox Corporation (RBLX), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 9.4. The interest coverage ratio of the stock is -59.63.
Currently, EBITDA for the company is -1.05 billion with net debt to EBITDA at -0.9. When we switch over and look at the enterprise to sales, we see a ratio of 9.33. The receivables turnover for the company is 8.66for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In conclusion, Roblox Corporation (RBLX) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
