Roblox Corporation (NYSE:RBLX) has a beta value of 1.59 and has seen 1.1 million shares traded in the recent trading session. The company, currently valued at $26.36B, closed the recent trade at $41.19 per share which meant it gained $0.67 on the day or 1.67% during that session. The RBLX stock price is -14.59% off its 52-week high price of $47.20 and 39.6% 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 5.3 million shares traded. The 3-month trading volume is 7.45 million shares.
The consensus among analysts is that Roblox Corporation (RBLX) is Buy stock at the moment, with a recommendation rating of 1.93. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 24 have rated it as a Hold, with 16 advising it as a Buy. 0 have rated the stock as Underweight.
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Roblox Corporation (NYSE:RBLX) trade information
Sporting 1.67% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RBLX stock price touched $41.19 or saw a rise of 0.72%. Year-to-date, Roblox Corporation shares have moved -9.90%, while the 5-day performance has seen it change 0.21%. Over the past 30 days, the shares of Roblox Corporation (NYSE:RBLX) have changed 14.88%. Short interest in the company has seen 18.61 million shares shorted with days to cover at 3.19.
Wall Street analysts have a consensus price target for the stock at $46, which means that the shares’ value could jump 10.46% from the levels at last check today. The projected low price target is $20 while the price target rests at a high of $125. In that case, then, we find that the latest price level in today’s session is -203.47% off the targeted high while a plunge would see the stock lose 51.44% from the levels at last check today.
Roblox Corporation (RBLX) estimates and forecasts
Figures show that Roblox Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 6.47% over the past 6 months, with this year growth rate of 10.70%, compared to 7.10% for the industry.
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 8.65% 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
Investors are also buoyed by the number of investors in a company, with Roblox Corporation top two institutional holders are VANGUARD GROUP INC with over 51.08 million shares worth more than $1.95 billion. As of 2024-03-31, VANGUARD GROUP INC held 8.2866% of shares outstanding.
The other major institutional holder is ALTOS VENTURES MANAGEMENT INC., with the holding of over 44.12 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.68 billion and represent 7.1574% of shares outstanding.
