Roblox Corporation (NYSE: RBLX) closed the day trading at $40.12 up 0.63% from the previous closing price of $39.87. In other words, the price has increased by $+0.25 from its previous closing price. On the day, 6863523 shares were traded.
Ratios:
For a better understanding of RBLX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 184.29. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Guthrie Michael sold 30,000 shares for $40.68 per share. The transaction valued at 1,220,280 led to the insider holds 396,709 shares of the business.
Baszucki David sold 41,666 shares of RBLX for $1,671,788 on Feb 28 ’24. The President & CEO now owns 354,167 shares after completing the transaction at $40.12 per share. On Feb 22 ’24, another insider, Rawlings Amy Marie, who serves as the Chief Accounting Officer of the company, sold 1,509 shares for $41.47 each. As a result, the insider received 62,578 and left with 94,616 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 25.34B and an Enterprise Value of 24.91B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.05 while its Price-to-Book (P/B) ratio in mrq is 331.95. Its current Enterprise Value per Revenue stands at 8.90 whereas that against EBITDA is -27.35.
Stock Price History:
Over the past 52 weeks, RBLX has reached a high of $47.65, while it has fallen to a 52-week low of $24.88. The 50-Day Moving Average of the stock is 41.77, while the 200-Day Moving Average is calculated to be 37.19.
Shares Statistics:
Over the past 3-months, RBLX traded about 8.25M shares per day on average, while over the past 10 days, RBLX traded about 6.89M shares per day. A total of 581.13M shares are outstanding, with a floating share count of 478.00M. Insiders hold about 24.32% of the company’s shares, while institutions hold 56.41% stake in the company. Shares short for RBLX as of Feb 15, 2024 were 18.13M with a Short Ratio of 2.20, compared to 19.59M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.87% and a Short% of Float of 4.43%.
Earnings Estimates
Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of -$0.53 for the current quarter, with a high estimate of -$0.45 and a low estimate of -$0.58, while EPS last year was -$0.44. The consensus estimate for the next quarter is -$0.52, with high estimates of -$0.4 and low estimates of -$0.66.
Analysts are recommending an EPS of between -$1.86 and -$2.28 for the fiscal current year, implying an average EPS of -$2.08. EPS for the following year is -$1.94, with 18 analysts recommending between -$1.16 and -$2.93.
Revenue Estimates
19 analysts predict $922.29M in revenue for the current quarter. It ranges from a high estimate of $946M to a low estimate of $768.8M. As of the current estimate, Roblox Corporation’s year-ago sales were $773.82M, an estimated increase of 19.20% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $940.99M, an increase of 19.90% over than the figure of $19.20% in the same quarter last year. There is a high estimate of $963M for the next quarter, whereas the lowest estimate is $910M.
A total of 25 analysts have provided revenue estimates for RBLX’s current fiscal year. The highest revenue estimate was $4.38B, while the lowest revenue estimate was $3.34B, resulting in an average revenue estimate of $4.09B. In the same quarter a year ago, actual revenue was $3.52B, up 16.10% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $4.88B in the next fiscal year. The high estimate is $5.3B and the low estimate is $3.98B. The average revenue growth estimate for next year is up 19.30% from the average revenue estimate for this year.
