Roblox Corporation (RBLX) Testing Investors’ Patience Right Now

Currently, there are 553.34M common shares owned by the public and among those 466.27M shares have been available to trade.

Insiders at the company have transacted a total of 214 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 62 of these insider trades were purchases, accounting for 12,015,741 shares. Insider sales of the common stock occurred on 152 occasions, with total insider shares sold totaling 24,563,156 shares.

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The company’s stock has a 5-day price change of -4.44% and 17.25% over the past three months. RBLX shares are trading -13.93% year to date (YTD), with the 12-month market performance down to -2.79% lower. It has a 12-month low price of $24.88 and touched a high of $47.65 over the same period. RBLX has an average intraday trading volume of 9.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.83%, -5.04%, and 7.04% respectively.

Institutional ownership of Roblox Corporation (NYSE: RBLX) shares accounts for 52.53% of the company’s 553.34M shares outstanding.

It has a market capitalization of $24.54B and a beta (3y monthly) value of 1.68. The earnings-per-share (ttm) stands at -$1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.84% over the week and 3.23% over the month.

Analysts forecast that Roblox Corporation (RBLX) will achieve an EPS of $RELX PLC PLC for the current quarter, $41.54 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $RLX Technology Inc. while analysts give the company a high EPS estimate of $Parnassus Core Equity Fund-Inve. Comparatively, EPS for the current quarter was $Renalytix plc a year ago. Earnings per share for the fiscal year are expected to decrease by -22.71%, and 0.96% over the next financial year. EPS should grow at an annualized rate of -8.10% over the next five years, compared to -76.18% over the past 5-year period.

Looking at the support for the RBLX, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 09, 2024, with the firm’s price target at $55.

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