During the recent session, Roblox Corporation (NYSE:RBLX)’s traded shares were 17.28 million, with the beta value of the company hitting 1.60. At the last check today, the stock’s price was $51.49, reflecting an intraday gain of 19.35% or $8.35. The 52-week high for the RBLX share is $48.43, that puts it up 5.94 from that peak though still a striking 42.61% gain since the share price plummeted to a 52-week low of $29.55. The company’s market capitalization is $33.32B, and the average intraday trading volume over the past 10 days was 5.83 million shares, and the average trade volume was 6.99 million shares over the past three months.
Roblox Corporation (RBLX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.97. RBLX has a Sell rating from 2 analyst(s) out of 26 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.39.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Roblox Corporation (NYSE:RBLX) trade information
Roblox Corporation (RBLX) registered a 19.35% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 19.35% in intraday trading to $51.49, hitting a weekly high. The stock’s 5-day price performance is 23.23%, and it has moved by 18.66% in 30 days. Based on these gigs, the overall price performance for the year is 61.86%. The short interest in Roblox Corporation (NYSE:RBLX) is 32.43 million shares and it means that shorts have 3.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $46.5, which implies a decrease of -10.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $125 respectively. As a result, RBLX is trading at a discount of -142.77% off the target high and 61.16% off the low.
Roblox Corporation (RBLX) estimates and forecasts
Statistics show that Roblox Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Roblox Corporation (RBLX) shares have gone up 37.89% during the last six months, with a year-to-date growth rate more than the industry average at 15.51% against 6.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 13.30% this quarter and then jump 13.50% in the quarter after that. In the rating firms’ projections, revenue will increase 20.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.02B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 1.33B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 839.45M and 1.13B respectively. In this case, analysts expect current quarter sales to grow by 21.90% and then jump by 18.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -63.26%. While earnings are projected to return 13.92% in 2024, the next five years will return 10.19% per annum.
RBLX Dividends
Roblox Corporation is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Roblox Corporation (NYSE:RBLX)’s Major holders
Roblox Corporation insiders own 5.54% of total outstanding shares while institutional holders control 74.73%, with the float percentage being 79.11%. VANGUARD GROUP INC is the largest shareholder of the company, while 918.0 institutions own stock in it. As of 2024-06-30, the company held over 49.61 million shares (or 7.812% of all shares), a total value of $1.85 billion in shares.
The next largest institutional holding, with 43.94 million shares, is of ALTOS VENTURES MANAGEMENT INC.’s that is approximately 6.9199% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.64 billion.
