Roblox Corporation (NYSE:RBLX)’s traded shares stood at 1.85 million during the latest session, with the company’s beta value hitting 1.60. At the last check today, the stock’s price was $43.05, to imply a decrease of -0.78% or -$0.34 in intraday trading. The RBLX share’s 52-week high remains $48.43, putting it -12.5% down since that peak but still an impressive 35.19% since price per share fell to its 52-week low of $27.90. The company has a valuation of $27.86B, with an average of 7.1 million shares in intraday trading volume over the past 10 days and average of 6.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Roblox Corporation (RBLX), translating to a mean rating of 1.94. Of 26 analyst(s) looking at the stock, 2 analyst(s) give RBLX a Sell rating. 1 of those analysts rate the stock as Overweight while 6 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.39.
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Roblox Corporation (NYSE:RBLX) trade information
After registering a -0.78% downside in the latest session, Roblox Corporation (RBLX) has traded red over the past five days. The 5-day price performance for the stock is -4.06%, and -0.49% over 30 days. With these gigs, the year-to-date price performance is -5.84%. Short interest in Roblox Corporation (NYSE:RBLX) saw shorts transact 22.55 million shares and set a 3.81 days time to cover.
The extremes give us $20 and $125 for target low and target high price respectively. As such, RBLX has been trading -190.36% off suggested target high and 53.54% from its likely low.
Roblox Corporation (RBLX) estimates and forecasts
Looking at statistics comparing Roblox Corporation share performance against respective industry, we note that the company has outperformed competitors. Roblox Corporation (RBLX) shares are 16.98% up over the last 6 months, with its year-to-date growth rate higher than industry average at 14.97% against 6.00%. Revenue is forecast to grow 13.30% this quarter before jumping 11.50% for the next one. The rating firms project that company’s revenue will grow 19.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 1.02B. Meanwhile, for the current quarter, a total of 20 analyst(s) estimate revenue growth to 1.32B.Earnings reports from the last fiscal year show that sales brought in 839.45M and 1.13B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.00% before jumping 17.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -63.26% for the past 5-year period. While 2024 is set for a 12.71% return in earnings, projections for the next 5 years are at 10.19% annually.
RBLX Dividends
Roblox Corporation has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Roblox Corporation (NYSE:RBLX)’s Major holders
Roblox Corporation insiders hold 5.54% of total outstanding shares, with institutional holders owning 74.50% of the shares at 78.86% float percentage. In total, 74.50% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 49.61 million shares (or 7.812% of shares), all amounting to roughly $1.85 billion.
The next major institution holding the largest number of shares is ALTOS VENTURES MANAGEMENT INC. with 43.94 million shares, or about 6.9199% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.64 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Roblox Corporation (RBLX) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 15.92 shares. This is just over 2.66% of the total shares, with a market valuation of $684.15 million. Data from the same date shows that the other fund manager holds a little less at 10.77, or 1.80% of the shares, all valued at about 462.73 million.
