The stock of Roblox Corporation (RBLX) has seen a 5.11% increase in the past week, with a 17.34% gain in the past month, and a 29.14% flourish in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.05% for RBLX. The simple moving average for the past 20 days is 5.98% for RBLX’s stock, with a 16.70% simple moving average for the past 200 days.
Is It Worth Investing in Roblox Corporation (NYSE: RBLX) Right Now?
The 36-month beta value for RBLX is also noteworthy at 1.59. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for RBLX is 505.20M, and at present, short sellers hold a 4.35% of that float. The average trading volume of RBLX on September 16, 2024 was 5.96M shares.
RBLX) stock’s latest price update
Roblox Corporation (NYSE: RBLX)’s stock price has plunge by 1.01relation to previous closing price of 45.41. Nevertheless, the company has seen a 5.11% surge in its stock price over the last five trading sessions. marketbeat.com reported 2024-09-12 that Roblox NYSE: RBLX has become one of the world’s most popular video games over the past several years. Based on average monthly users among PC games, the game ranked second in July this year, only behind Minecraft.
Analysts’ Opinion of RBLX
Many brokerage firms have already submitted their reports for RBLX stocks, with BTIG Research repeating the rating for RBLX by listing it as a “Buy.” The predicted price for RBLX in the upcoming period, according to BTIG Research is $51 based on the research report published on September 09, 2024 of the current year 2024.
Jefferies gave a rating of “Hold” to RBLX, setting the target price at $42 in the report published on July 11th of the current year.
RBLX Trading at 12.07% 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 -2.82% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +13.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.45% upper at present.
During the last 5 trading sessions, RBLX rose by +5.11%, which changed the moving average for the period of 200-days by +18.83% in comparison to the 20-day moving average, which settled at $43.55. In addition, Roblox Corporation saw 0.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RBLX starting from Guthrie Michael, who sale 66,557 shares at the price of $45.27 back on Sep 12 ’24. After this action, Guthrie Michael now owns 352,844 shares of Roblox Corporation, valued at $3,013,022 using the latest closing price.
Guthrie Michael, the Chief Financial Officer of Roblox Corporation, sale 3,443 shares at $45.01 during a trade that took place back on Sep 11 ’24, which means that Guthrie Michael is holding 352,844 shares at $154,977 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 -29.55.
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 9.68. 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 summary, Roblox Corporation (RBLX) has had a better performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as 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.
