In today’s recent session, 5.62 million shares of the Roblox Corporation (NYSE:RBLX) have been traded, and its beta is 1.55. Most recently the company’s share price was $51.12, and it changed around -$1.12 or -2.14% from the last close, which brings the market valuation of the company to $33.55B. RBLX at last check was trading at a discount to its 52-week high of $55.10, offering almost -7.79% off that amount. The share price’s 52-week low was $29.55, which indicates that the recent value has risen by an impressive 42.19% since then. We note from Roblox Corporation’s average daily trading volume that its 10-day average is 9.65 million shares, with the 3-month average coming to 8.09 million.
Roblox Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 2 out of 34 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 10 recommended RBLX as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. Roblox Corporation is expected to report earnings per share of -0.45 for the current quarter.
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Roblox Corporation (NYSE:RBLX) trade information
Instantly RBLX has been showing red trend so far today with a performance of -2.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 53.57 on recent trading dayincreased the stock’s daily price by 4.57%. The company’s shares are currently up 11.81% year-to-date, but still down -3.80% over the last five days. On the other hand, Roblox Corporation (NYSE:RBLX) is 23.81% up in the 30-day period. We can see from the shorts that 26.97 million shares have been sold at a short interest cover period of 3.16 day(s).
The consensus price target as assigned by Wall Street analysts is $46.5, which translates to bulls needing to decrease their stock price by -9.94% 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 54.30 percent over the past six months and at a 16.58% annual growth rate that is well above the industry average of 0.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 13.22% in revenue this quarter, and will report an increase of 0.47% in the next quarter. The year-over-year growth rate is expected to be 24.02%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 1.36B in revenue for the current quarter. 9 analysts expect Roblox Corporation to make 1.13B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.13B and 923.76M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.91%. Forecasts for the next quarter put sales growth at 22.35%.
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 14.98% in 2024, but the outlook is positive 10.19% per year for the next five years.
RBLX Dividends
Roblox Corporation’s next quarterly earnings report is expected to be released in December.
Roblox Corporation (NYSE:RBLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.43% of Roblox Corporation shares, and 77.97% of them are in the hands of institutional investors. The stock currently has a share float of 82.45%. Roblox Corporation stock is held by 940.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 15.92 shares worth $811.49 million, making up 2.62% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 10.77 shares worth around $548.86 million, which represents about 1.77% of the total shares outstanding.
