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Roblox Corporation (NYSE: RBLX) Stock: Performance And Outlook

In the latest trading session, 2.12 million Roblox Corporation (NYSE:RBLX) shares changed hands as the company’s beta touched 1.70. With the company’s most recent per share price at $42.60 changed hands at -$1.14 or -2.62% at last look, the market valuation stands at $26.57B. RBLX’s current price is a discount, trading about -11.85% off its 52-week high of $47.65. The share price had its 52-week low at $24.88, which suggests the last value was 41.6% up since then. When we look at Roblox Corporation’s average trading volume, we note the 10-day average is 12.7 million shares, with the 3-month average coming to 1.38.

Roblox Corporation (NYSE:RBLX) trade information

Instantly RBLX was in red as seen in intraday trades today. With action 4.91%, the performance over the past five days has been green. The drop to weekly highs of 47.11 subtracted -2.62% to the stock’s daily price. The company’s shares are showing year-to-date downside of -6.84%, with the 5-day performance at 4.91% in the green. However, in the 30-day time frame, Roblox Corporation (NYSE:RBLX) is 4.09% up. Looking at the short shares, we see there were 17.1 million shares sold at short interest cover period of 2.71 days.

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Roblox Corporation (RBLX) estimates and forecasts

Data shows that the Roblox Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 39.47% over the past 6 months, a -12.30% in annual growth rate that is considerably lower than the industry average of 23.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Roblox Corporation will fall -18.20%, while the growth in revenue is estimated to hit -13.00% for the next quarter. Year-over-year growth is forecast to reach 18.40% up from the last financial year.

Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $930.56 million. 18 analysts are of the opinion that Roblox Corporation’s revenue for the quarter ending Jun 2024 will be $940.99 million. The company’s revenue for the corresponding quarters a year ago was $773.82 million and $784.86 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.30%. The estimates for the next quarter sales put growth at 19.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -63.26%. The 2024 estimates are for Roblox Corporation earnings to decrease by -10.05%, but the outlook for the next 5-year period is at 10.19% per year.

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