In last trading session, Roblox Corporation (NYSE:RBLX) saw 5.75 million shares changing hands with its beta currently measuring 1.60. Company’s recent per share price level of $39.93 trading at $0.07 or 0.18% at ring of the bell on the day assigns it a market valuation of $25.84B. That closing price of RBLX’s stock is at a discount of -21.29% from its 52-week high price of $48.43 and is indicating a premium of 26.0% from its 52-week low price of $29.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.14 million shares which gives us an average trading volume of 6.77 million if we extend that period to 3-months.
For Roblox Corporation (RBLX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.97. Splitting up the data highlights that, out of 26 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.39 in the current quarter.
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Roblox Corporation (NYSE:RBLX) trade information
Upright in the green during last session for gaining 0.18%, in the last five days RBLX remained trading in the red while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $39.93 price level, adding 4.36% to its value on the day. Roblox Corporation’s shares saw a change of -12.66% in year-to-date performance and have moved -4.01% in past 5-day. Roblox Corporation (NYSE:RBLX) showed a performance of -13.76% in past 30-days. Number of shares sold short was 31.16 million shares which calculate 5.03 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 47.5 to the stock, which implies a rise of 15.94% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 125. It follows that stock’s current price would jump 49.91% in reaching the projected high whereas dropping to the targeted low would mean a gain of 49.91% for stock’s current value.
Roblox Corporation (RBLX) estimates and forecasts
Statistics highlight that Roblox Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 12.99% of value to its shares in past 6 months, showing an annual growth rate of 14.97% while that of industry is 7.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.00% from the last financial year’s standing.
20 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.02B for the same. And 20 analysts are in estimates of company making revenue of 1.33B in the next quarter. Company posted 839.45M and 1.13B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -63.26% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 13.78% while estimates for its earnings growth in next 5 years are of -0.60%.
Roblox Corporation (NYSE:RBLX)’s Major holders
Insiders are in possession of 5.54% of company’s total shares while institution are holding 74.37 percent of that, with stock having share float percentage of 78.73%. Investors also watch the number of corporate investors in a company very closely, which is 74.37% institutions for Roblox Corporation that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at RBLX for having 49.61 million shares of worth $1.85 billion. And as of 2024-06-30, it was holding 7.812 of the company’s outstanding shares.
The second largest institutional holder is ALTOS VENTURES MANAGEMENT INC., which was holding about 43.94 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.9199 of outstanding shares, having a total worth of $1.64 billion.
