In the last trading session, 30.28 million shares of the Roblox Corporation (NYSE:RBLX) were traded, and its beta was 1.61. Most recently the company’s share price was $40.51, and it changed around -$0.88 or -2.13% from the last close, which brings the market valuation of the company to $26.22B. RBLX currently trades at a discount to its 52-week high of $48.43, offering almost -19.55% off that amount. The share price’s 52-week low was $29.55, which indicates that the current value has risen by an impressive 27.06% since then. We note from Roblox Corporation’s average daily trading volume that its 10-day average is 9.05 million shares, with the 3-month average coming to 6.29 million.
Roblox Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.97. If we narrow it down even further, the data shows that 2 out of 33 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended RBLX as a Hold, whereas 13 deemed it a Buy, and 0 rated it as Underweight. Roblox Corporation is expected to report earnings per share of -0.39 for the current quarter.
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Roblox Corporation (NYSE:RBLX) trade information
Instantly RBLX has showed a red trend with a performance of -2.13% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 43.85 on recent trading dayincreased the stock’s daily price by 7.62%. The company’s shares are currently down -11.40% year-to-date, but still down -6.94% over the last five days. On the other hand, Roblox Corporation (NYSE:RBLX) is -7.13% down in the 30-day period. We can see from the shorts that 22.55 million shares have been sold at a short interest cover period of 3.81 day(s).
The consensus price target as assigned by Wall Street analysts is $46.5, which translates to bulls needing to increase their stock price by 12.88% from its current value. Analyst projections state that RBLX is forecast to be at a low of $20 and a high of $125.
Roblox Corporation (RBLX) estimates and forecasts
Roblox Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.63 percent over the past six months and at a 14.97% annual growth rate that is well above the industry average of 7.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.30% in revenue this quarter, and will report an increase of 11.50% in the next quarter. The year-over-year growth rate is expected to be 19.70%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 1.02B in revenue for the current quarter. 20 analysts expect Roblox Corporation to make 1.32B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 839.45M and 1.13B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.00%. Forecasts for the next quarter put sales growth at 17.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -63.26%. Roblox Corporation earnings are expected to increase by 12.71% in 2024, but the outlook is negative -0.60% per year for the next five years.
RBLX Dividends
Roblox Corporation’s next quarterly earnings report is expected to be released in November.
Roblox Corporation (NYSE:RBLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.54% of Roblox Corporation shares, and 74.52% of them are in the hands of institutional investors. The stock currently has a share float of 78.89%. Roblox Corporation stock is held by 898.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.812% of the shares, which is about 49.61 million shares worth $1.85 billion.
ALTOS VENTURES MANAGEMENT INC., with 6.9199% or 43.94 million shares worth $1.64 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
