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Roblox Corporation (NYSE:RBLX) Is Down -14.15% Over The Past 30 Days: Could Trouble Be Ahead?

In last trading session, Roblox Corporation (NYSE:RBLX) saw 14.83 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $35.26 trading at -$0.55 or -1.54% at ring of the bell on the day assigns it a market valuation of $23.17B. That closing price of RBLX’s stock is at a discount of -301.59% from its 52-week high price of $141.60 and is indicating a premium of 38.6% from its 52-week low price of $21.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.4 million shares which gives us an average trading volume of 25.03 million if we extend that period to 3-months.

Roblox Corporation (NYSE:RBLX) trade information

Upright in the red during last session for losing -1.54%, in the last five days RBLX remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $35.26 price level, adding 15.89% to its value on the day. Roblox Corporation’s shares saw a change of -65.82% in year-to-date performance and have moved -18.94% in past 5-day. Roblox Corporation (NYSE:RBLX) showed a performance of -14.15% in past 30-days. Number of shares sold short was 34.04 million shares which calculate 0.96 days to cover the short interests.

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Roblox Corporation (RBLX) estimates and forecasts

Statistics highlight that Roblox Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -30.47% of value to its shares in past 6 months, showing an annual growth rate of -26.80% while that of industry is 7.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 16.00% in the current quarter and calculating -100.00% decrease in the next quarter. This year revenue growth is estimated to rise 4.00% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $643.35 million for the same. And 10 analysts are in estimates of company making revenue of $675.05 million in the next quarter that will end on Sep 2022.

RBLX Dividends

Roblox Corporation is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Roblox Corporation (NYSE:RBLX)’s Major holders

Insiders are in possession of 4.65% of company’s total shares while institution are holding 66.94 percent of that, with stock having share float percentage of 70.21%. Investors also watch the number of corporate investors in a company very closely, which is 66.94% institutions for Roblox Corporation that are currently holding shares of the company. Altos Ventures Management Inc. is the top institutional holder at RBLX for having 82.78 million shares of worth $3.83 billion. And as of Mar 30, 2022, it was holding 15.28% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 39.82 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.35% of outstanding shares, having a total worth of $1.84 billion.

On the other hand, Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 8.49 million shares of worth $392.7 million or 1.57% of the total outstanding shares. The later fund manager was in possession of 8.41 million shares on Mar 30, 2022, making its stake of worth around $388.72 million in the company or a holder of 1.55% of company’s stock.

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