Better Times Ahead For Roblox Corporation (NYSE: RBLX)?

Roblox Corporation (RBLX) concluded trading on Thursday at a closing price of $43.71, with 3.01 million shares of worth about $131.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.63% during that period and on September 05, 2024 the price saw a gain of about 1.04%. Currently the company’s common shares owned by public are about 581.13M shares, out of which, 504.14M shares are available for trading.

Stock saw a price change of -0.95% in past 5 days and over the past one month there was a price change of 16.03%. Year-to-date (YTD), RBLX shares are showing a performance of -4.40% which increased to 50.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.88 but also hit the highest price of $47.20 during that period. The average intraday trading volume for Roblox Corporation shares is 5.90 million. The stock is currently trading 5.98% above its 20-day simple moving average (SMA20), while that difference is up 9.21% for SMA50 and it goes to 11.77% higher than SMA200.

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Roblox Corporation (NYSE: RBLX) currently have 581.13M outstanding shares and institutions hold larger chunk of about 60.28% of that.

The stock has a current market capitalization of $28.29B and its 3Y-monthly beta is at 1.59. It has posted earnings per share of -$1.71 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 15.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RBLX, volatility over the week remained 2.75% while standing at 3.02% over the month.

Stock’s fiscal year EPS is expected to rise by 12.59% while it is estimated to increase by 8.85% in next year. EPS is likely to grow at an annualized rate of 10.19% for next 5-years, compared to annual growth of -63.26% made by the stock over the past 5-years.

Coverage by Jefferies stated Roblox Corporation (RBLX) stock as a Hold in their note to investors on July 11, 2024, suggesting a price target of $42 for the stock. On June 14, 2024, Macquarie Initiated their recommendations, while on May 10, 2024, MoffettNathanson Upgrade their ratings for the stock with a price target of $26. Stock get an Overweight rating from JP Morgan on April 23, 2024.

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