Roblox Corporation (NYSE:RBLX) has a beta value of 1.66 and has seen 15.2 million shares traded in the last trading session. The company, currently valued at $22.87B, closed the last trade at $36.20 per share which meant it lost -$3.04 on the day or -7.75% during that session. The RBLX stock price is -31.63% off its 52-week high price of $47.65 and 31.27% above the 52-week low of $24.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.34 million shares traded. The 3-month trading volume is 7.90 million shares.
Roblox Corporation (NYSE:RBLX) trade information
Sporting -7.75% in the red in last session, the stock has traded in the red over the last five days, when the RBLX stock price touched $36.20 or saw a rise of 13.09%. Year-to-date, Roblox Corporation shares have moved -20.82%, while the 5-day performance has seen it change -13.89%. Over the past 30 days, the shares of Roblox Corporation (NYSE:RBLX) have changed -18.54%. Short interest in the company has seen 15.67 million shares shorted with days to cover at 1.62.
Roblox Corporation (RBLX) estimates and forecasts
Figures show that Roblox Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained 29.70% over the past 6 months, with this year growth rate of -12.30%, compared to 13.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -20.50% and -13.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 16.30%.
20 analysts offering their estimates for the company have set an average revenue estimate of $923.13 million for the current quarter. 19 have an estimated revenue figure of $940.36 million for the next quarter concluding in Jun 2024. Year-ago sales stood $773.82 million and $784.86 million respectively for this quarter and the next, and analysts expect sales will grow by 19.30% for the current quarter and 19.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -63.26% over the past 5 years. Earnings growth for 2024 is a modest -11.23% while over the next 5 years, the company’s earnings are expected to increase by 10.19%.
RBLX Dividends
Roblox Corporation is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Roblox Corporation (NYSE:RBLX)’s Major holders
Insiders own 5.66% of the company shares, while shares held by institutions stand at 73.19% with a share float percentage of 77.57%. Investors are also buoyed by the number of investors in a company, with Roblox Corporation having a total of 905 institutions that hold shares in the company. The top two institutional holders are Altos Ventures Management Inc. with over 70.89 million shares worth more than $2.86 billion. As of Jun 29, 2023, Altos Ventures Management Inc. held 12.51% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 36.09 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.45 billion and represent 6.37% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF. As of Jun 29, 2023, the former fund manager holds about 2.01% shares in the company for having 11.39 million shares of worth $459.08 million while later fund manager owns 8.49 million shares of worth $245.84 million as of Sep 29, 2023, which makes it owner of about 1.50% of company’s outstanding stock.
