In recent trading session, Roblox Corporation (NYSE:RBLX) saw 2.89 million shares changing hands at last check today with its beta currently measuring 1.64. Company’s recent per share price level of $38.19 trading at -$0.17 or -0.45% at last check today assigns it a market valuation of $23.82B. That most recent trading price of RBLX’s stock is at a discount of -24.77% from its 52-week high price of $47.65 and is indicating a premium of 34.85% from its 52-week low price of $24.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.49 million shares which gives us an average trading volume of 10.88 million if we extend that period to 3-months.
For Roblox Corporation (RBLX), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.94. Splitting up the data highlights that, out of 31 analysts covering the stock, 4 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 19 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.55 in the current quarter.
Roblox Corporation (NYSE:RBLX) trade information
Upright in the red during last session for losing -0.45%, in the last five days RBLX remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $38.19 price level, adding 8.83% to its value on the day. Roblox Corporation’s shares saw a change of 34.17% in year-to-date performance and have moved -0.61% in past 5-day. Roblox Corporation (NYSE:RBLX) showed a performance of 20.57% in past 30-days. Number of shares sold short was 19.86 million shares which calculate 2.28 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $41.90 to the stock, which implies a rise of 8.85% to its recent value today. Analysts have been projecting $21.00 as a low price target for the stock while placing it at a high target of $60.00. It follows that stock’s current price would drop -57.11% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.01% for stock’s current value.
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 -4.56% of value to its shares in past 6 months, showing an annual growth rate of -22.58% while that of industry is 16.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -14.60% in the current quarter and calculating -4.50% decrease in the next quarter. This year revenue growth is estimated to rise 20.80% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.07 billion for the same. And 9 analysts are in estimates of company making revenue of $906.41 million in the next quarter that will end on Mar 2024. Company posted $899.43 million and $773.82 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 19.40% while estimating it to be 17.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -76.18% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -15.11% while estimates for its earnings growth in next 5 years are of 23.63%.
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 4.29% of company’s total shares while institution are holding 73.85 percent of that, with stock having share float percentage of 77.16%. Investors also watch the number of corporate investors in a company very closely, which is 73.85% 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 70.89 million shares of worth $2.86 billion. And as of Jun 29, 2023, it was holding 12.51% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 36.09 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.37% of outstanding shares, having a total worth of $1.45 billion.
On the other hand, Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 11.39 million shares of worth $459.08 million or 2.01% of the total outstanding shares. The later fund manager was in possession of 8.49 million shares on Sep 29, 2023, making its stake of worth around $245.84 million in the company or a holder of 1.50% of company’s stock.