Roblox Corporation (RBLX) Volatility Spurs A Quest For Clarity

Currently, there are 581.13M common shares owned by the public and among those 489.06M shares have been available to trade.

The company’s stock has a 5-day price change of 1.56% and -18.50% over the past three months. RBLX shares are trading -17.24% year to date (YTD), with the 12-month market performance down to -12.02% 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 7.93 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 -2.77%, -6.27%, and 2.04% respectively.

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Institutional ownership of Roblox Corporation (NYSE: RBLX) shares accounts for 56.47% of the company’s 581.13M shares outstanding.

It has a market capitalization of $23.90B and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$1.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.69% over the week and 3.62% over the month.

Analysts forecast that Roblox Corporation (RBLX) will achieve an EPS of -$0.53 for the current quarter, -$0.52 for the next quarter and -$1.94 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.58 while analysts give the company a high EPS estimate of -$0.45. Comparatively, EPS for the current quarter was -$0.44 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.64%, and 6.23% over the next financial year. EPS should grow at an annualized rate of 10.19% over the next five years, compared to -63.26% over the past 5-year period.

Looking at the support for the RBLX, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on February 08, 2024, with the firm’s price target at $35-$48. Barclays coverage for the Roblox Corporation (RBLX) stock in a research note released on February 08, 2024 offered a Equal Weight rating with a price target of $46. Needham was of a view on February 08, 2024 that the stock is Buy, while BMO Capital Markets gave the stock Outperform rating on January 09, 2024, issuing a price target of $55. Wells Fargo on their part issued Overweight rating on December 13, 2023.

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