In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Roblox Corporation (NYSE: RBLX) closed at $36.37 down -0.74% from its previous closing price of $36.64. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 4.14 million shares were traded. RBLX stock price reached its highest trading level at $37.13 during the session, while it also had its lowest trading level at $36.35.
Ratios:
For a deeper understanding of Roblox Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 167.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 23.11 whereas as Long-Term Debt/Eq ratio is at 21.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on February 08, 2024, Upgraded its rating to Neutral and sets its target price to $48 from $35 previously.
On February 08, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $26 to $46.
Needham reiterated its Buy rating for the stock on February 08, 2024, while the target price for the stock was revised from $51 to $55.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 08 ’24 when Baszucki David sold 100,000 shares for $38.31 per share. The transaction valued at 3,831,250 led to the insider holds 148,845 shares of the business.
Baszucki David sold 61,668 shares of RBLX for $2,362,655 on Apr 08 ’24. The President & CEO now owns 875 shares after completing the transaction at $38.31 per share. On Apr 03 ’24, another insider, Guthrie Michael, who serves as the Chief Financial Officer of the company, sold 30,000 shares for $36.06 each. As a result, the insider received 1,081,737 and left with 396,709 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RBLX now has a Market Capitalization of 23267088384 and an Enterprise Value of 22534543360. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.21 while its Price-to-Book (P/B) ratio in mrq is 300.93. Its current Enterprise Value per Revenue stands at 8.05 whereas that against EBITDA is -21.586.
Stock Price History:
Over the past 52 weeks, RBLX has reached a high of $47.20, while it has fallen to a 52-week low of $24.88. The 50-Day Moving Average of the stock is -8.70%, while the 200-Day Moving Average is calculated to be -1.58%.
Shares Statistics:
For the past three months, RBLX has traded an average of 7.82M shares per day and 5885880 over the past ten days. A total of 581.13M shares are outstanding, with a floating share count of 489.06M. Insiders hold about 22.57% of the company’s shares, while institutions hold 56.39% stake in the company. Shares short for RBLX as of 1711584000 were 19645717 with a Short Ratio of 2.51, compared to 1709164800 on 15668948. Therefore, it implies a Short% of Shares Outstanding of 19645717 and a Short% of Float of 4.8.
Earnings Estimates
The stock of Roblox Corporation (RBLX) is currently drawing attention from Roblox Corporation analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $29.18, with high estimates of $1.78 and low estimates of $41.45.
Analysts are recommending an EPS of between $Consumer Defensive and $Industrials for the fiscal current year, implying an average EPS of $Financial Services.
