In the latest trading session, 1.82 million Roblox Corporation (NYSE:RBLX) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $40.68 changing hands around $0.37 or 0.91% at last look, the market valuation stands at $26.33B. RBLX’s current price is a discount, trading about -19.05% off its 52-week high of $48.43. The share price had its 52-week low at $29.55, which suggests the last value was 27.36% up since then. When we look at Roblox Corporation’s average trading volume, we note the 10-day average is 8.69 million shares, with the 3-month average coming to 6.81 million.
Analysts gave the Roblox Corporation (RBLX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.97. If we narrow down to specifics, the data shows that 2 out of 26 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended RBLX as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. Roblox Corporation’s EPS for the current quarter is expected to be -0.39.
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Roblox Corporation (NYSE:RBLX) trade information
Instantly RBLX is in green as seen in intraday trades today. With action -0.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.03%, with the 5-day performance at -0.20% in the red. However, in the 30-day time frame, Roblox Corporation (NYSE:RBLX) is -10.66% down. Looking at the short shares, we see there were 31.16 million shares sold at short interest cover period of 5.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 47.5, meaning bulls need an upside of 14.36% from its recent market value. According to analyst projections, RBLX’s forecast low is 20 with 125 as the target high. To hit the forecast high, the stock’s price needs a -207.28% plunge from its current level, while the stock would need to tank 50.84% for it to hit the projected low.
Roblox Corporation (RBLX) estimates and forecasts
Data shows that the Roblox Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.06% over the past 6 months, a 15.51% in annual growth rate that is considerably higher than the industry average of 7.10%. Year-over-year growth is forecast to reach 20.00% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 1.02B. 19 analysts are of the opinion that Roblox Corporation’s revenue for the current quarter will be 1.33B. The company’s revenue for the corresponding quarters a year ago was 839.45M and 1.13B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.80%. The estimates for the next quarter sales put growth at 18.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -63.26%. The 2024 estimates are for Roblox Corporation earnings to increase by 13.78%, but the outlook for the next 5-year period is at -0.60% per year.
RBLX Dividends
Roblox Corporation is expected to release its next quarterly earnings report on 2024-Oct-31.
Roblox Corporation (NYSE:RBLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.54% of Roblox Corporation shares while 74.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.93%. There are 74.57% institutions holding the Roblox Corporation stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.812% of the shares, roughly 49.61 million RBLX shares worth $1.85 billion.
ALTOS VENTURES MANAGEMENT INC. holds the second largest percentage of outstanding shares, with 6.9199% or 43.94 million shares worth $1.64 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. With 15.92 shares estimated at $651.04 million under it, the former controlled 2.66% of total outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held about 1.80% of the shares, roughly 10.77 shares worth around $440.34 million.
