Roblox Corporation (NYSE:RBLX) has a beta value of 1.60 and has seen 1.64 million shares traded in the recent trading session. The company, currently valued at $24.54B, closed the recent trade at $38.34 per share which meant it gained $1.2 on the day or 3.23% during that session. The RBLX stock price is -23.11% off its 52-week high price of $47.20 and 35.11% above the 52-week low of $24.88. The 3-month trading volume is 7.56 million shares.
Roblox Corporation (NYSE:RBLX) trade information
Sporting 3.23% in the green today, the stock has traded in the green over the last five days, when the RBLX stock price touched $38.34 or saw a rise of 0.1%. Year-to-date, Roblox Corporation shares have moved -16.14%, while the 5-day performance has seen it change 3.87%. Over the past 30 days, the shares of Roblox Corporation (NYSE:RBLX) have changed 11.19%.
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Roblox Corporation (RBLX) estimates and forecasts
Figures show that Roblox Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -10.82% over the past 6 months, with this year growth rate of 10.70%, compared to 8.90% for the industry. Revenue growth from the last financial year stood is estimated to be 14.70%.
19 analysts offering their estimates for the company have set an average revenue estimate of 888.6M for the current quarter. 19 have an estimated revenue figure of 965.93M for the next ending quarter. Year-ago sales stood 784.86M and 839.45M respectively for this quarter and the next, and analysts expect sales will grow by 13.20% for the current quarter and 14.70% 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 8.14% 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 in August 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 5.63% of the company shares, while shares held by institutions stand at 74.35% with a share float percentage of 78.79%. Investors are also buoyed by the number of investors in a company, with Roblox Corporation having a total of 882 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 51.08 shares worth more than $1.96 billion. As of Mar 31, 2024, Vanguard Group Inc held 8.64% of shares outstanding.
The other major institutional holder is Altos Ventures Management Inc., with the holding of over 44.12 shares as of Mar 31, 2024. The firm’s total holdings are worth over $1.69 billion and represent 7.46% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 2.94% shares in the company for having 17.41 shares of worth $668.39 million while later fund manager owns 12.0 shares of worth $460.77 million as of Mar 31, 2024, which makes it owner of about 2.03% of company’s outstanding stock.
