Roblox Corporation (NYSE: RBLX) Not A Good Play Anymore?

Roblox Corporation (RBLX) concluded trading on Wednesday at a closing price of $66.00, with 5.6 million shares of worth about $369.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.98% during that period and on January 22, 2025 the price saw a loss of about -0.15%. Currently the company’s common shares owned by public are about 607.45M shares, out of which, 540.61M shares are available for trading.

Stock saw a price change of 6.01% in past 5 days and over the past one month there was a price change of 12.24%. Year-to-date (YTD), RBLX shares are showing a performance of 14.07% which increased to 70.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.55 but also hit the highest price of $66.86 during that period. The average intraday trading volume for Roblox Corporation shares is 8.21 million. The stock is currently trading 7.20% above its 20-day simple moving average (SMA20), while that difference is up 15.19% for SMA50 and it goes to 49.97% higher than SMA200.

Roblox Corporation (NYSE: RBLX) currently have 607.45M outstanding shares and institutions hold larger chunk of about 63.36% of that.

The stock has a current market capitalization of $43.31B and its 3Y-monthly beta is at 1.45. It has posted earnings per share of -$1.63 in the same period. It has Quick Ratio of 0.81 while making debt-to-equity ratio of 9.26. 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 2.49% while standing at 3.05% over the month.

Analysts are in expectations that Roblox Corporation (RBLX) stock would likely to be making an EPS of -0.45 in the current quarter, while forecast for next quarter EPS is -0.45 and it is -1.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.59 which is -0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.07% while it is estimated to increase by 11.07% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on December 12, 2024 offering a Buy rating for the stock and assigned a target price of $63 to it. Coverage by Morgan Stanley stated Roblox Corporation (RBLX) stock as an Overweight in their note to investors on November 04, 2024, suggesting a price target of $65 for the stock. Stock get a Hold rating from Jefferies on July 11, 2024.

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