During the last session, Roblox Corporation (NYSE:RBLX)’s traded shares were 6.56 million, with the beta value of the company hitting 1.64. At the end of the trading day, the stock’s price was $36.80, reflecting an intraday gain of 0.99% or $0.36. The 52-week high for the RBLX share is $47.65, that puts it down -29.48 from that peak though still a striking 32.39% gain since the share price plummeted to a 52-week low of $24.88. The company’s market capitalization is $23.24B, and the average intraday trading volume over the past 10 days was 6.23 million shares, and the average trade volume was 7.90 million shares over the past three months.
Roblox Corporation (NYSE:RBLX) trade information
Roblox Corporation (RBLX) registered a 0.99% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.99% in intraday trading to $36.80, hitting a weekly high. The stock’s 5-day price performance is -2.85%, and it has moved by -5.33% in 30 days. Based on these gigs, the overall price performance for the year is -20.72%. The short interest in Roblox Corporation (NYSE:RBLX) is 17.18 million shares and it means that shorts have 2.35 day(s) to cover.
Roblox Corporation (RBLX) estimates and forecasts
Statistics show that Roblox Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Roblox Corporation (RBLX) shares have gone up 29.49% during the last six months, with a year-to-date growth rate less than the industry average at -12.30% against 10.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -20.50% this quarter and then drop -13.00% in the quarter after that. In the rating firms’ projections, revenue will increase 16.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $923.13 million as predicted by 20 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to $940.36 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $773.82 million and $784.86 million respectively. In this case, analysts expect current quarter sales to grow by 19.30% and then jump by 19.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -63.26%. While earnings are projected to return -11.64% in 2024, the next five years will return 10.19% per annum.
RBLX Dividends
Roblox Corporation is due to release its next quarterly earnings between May 08 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Roblox Corporation (NYSE:RBLX)’s Major holders
Roblox Corporation insiders own 5.66% of total outstanding shares while institutional holders control 73.18%, with the float percentage being 77.56%. Altos Ventures Management Inc. is the largest shareholder of the company, while 905 institutions own stock in it. As of Jun 29, 2023, the company held over 70.89 million shares (or 12.51% of all shares), a total value of $2.86 billion in shares.
The next largest institutional holding, with 36.09 million shares, is of Morgan Stanley’s that is approximately 6.37% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.45 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Roblox Corporation (RBLX) shares are Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 11.39 million shares. This amounts to just over 2.01 percent of the company’s overall shares, with a $459.08 million market value. The same data shows that the other fund manager holds slightly less at 8.49 million, or about 1.50% of the stock, which is worth about $245.84 million.
