Roblox Corporation (NYSE: RBLX) Stock: Does It Have The Potential To Rise? – Marketing Sentinel
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Roblox Corporation (NYSE: RBLX) Stock: Does It Have The Potential To Rise?

In the last trading session, 11.71 million shares of the Roblox Corporation (NYSE:RBLX) were traded. Most recently the company’s share price was $70.44, and it changed around -$4.36 or -5.83% from the last close, which brings the market valuation of the company to $43.02B. RBLX currently trades at a discount to its 52-week high of $103.87, offering almost -47.46% off that amount. The share price’s 52-week low was $60.50, which indicates that the current value has risen by an impressive 14.11% since then. We note from Roblox Corporation’s average daily trading volume that its 10-day average is 8.91 million shares, with the 3-month average coming to 7.32 million.

Roblox Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended RBLX as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Roblox Corporation is expected to report earnings per share of -$0.14 for the current quarter.

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Roblox Corporation (NYSE:RBLX) trade information

Instantly RBLX has showed a red trend with a performance of -5.83% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 78.21 on Friday, 10/08/21 increased the stock’s daily price by 9.93%. The company’s shares are currently up 1.35% year-to-date, but still down -6.81% over the last five days. On the other hand, Roblox Corporation (NYSE:RBLX) is -18.43% down in the 30-day period. We can see from the shorts that 19.08 million shares have been sold at a short interest cover period of 2.19 day(s).

The consensus price target as assigned by Wall Street analysts is $91.22, which translates to bulls needing to increase their stock price by 22.78% from its current value. Analyst projections state that RBLX is forecast to be at a low of $70.00 and a high of $103.00. In order for the stock price to hit the forecast high, the stock would need to plunge -46.22% from its current level, while the stock would need to crash 0.62% from its current level to reach the projected low.

Roblox Corporation (RBLX) estimates and forecasts

The year-over-year growth rate is expected to be 188.10%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $637.13 million in revenue for the current quarter. 6 analysts expect Roblox Corporation to make $704.33 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $242.19 million and $310.01 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 163.10%. Forecasts for the next quarter put sales growth at 127.20%.

Roblox Corporation earnings are expected to increase by -256.80% in 2021, but the outlook is positive 1.10% per year for the next five years.

RBLX Dividends

Roblox Corporation’s next quarterly earnings report is expected to be released on May 10.

Roblox Corporation (NYSE:RBLX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.85% of Roblox Corporation shares, and 80.34% of them are in the hands of institutional investors. The stock currently has a share float of 83.55%. Roblox Corporation stock is held by 549 institutions, with Meritech Capital Associates V, LLC being the largest institutional investor. By Jun 29, 2021, it held 7.10% of the shares, which is about 36.64 million shares worth $3.3 billion.

Tiger Global Management, LLC, with 5.31% or 27.39 million shares worth $2.46 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port were the top two Mutual Funds as of Jun 29, 2021. The former held 7.29 million shares worth $655.8 million, making up 1.41% of all outstanding shares. On the other hand, Morgan Stanley Inst Fd Inc-Growth Port held roughly 5.36 million shares worth around $482.14 million, which represents about 1.04% of the total shares outstanding.

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