The closing price of Roblox Corporation (NYSE: RBLX) was $39.26 for the day, down -1.36% from the previous closing price of $39.80. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 5179467 shares were traded.
Ratios:
Our analysis of RBLX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 180.34. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 24.80B and an Enterprise Value of 24.37B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.86 while its Price-to-Book (P/B) ratio in mrq is 324.84. Its current Enterprise Value per Revenue stands at 8.70 whereas that against EBITDA is -26.75.
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 39.98, while the 200-Day Moving Average is calculated to be 37.00.
Shares Statistics:
RBLX traded an average of 7.94M shares per day over the past three months and 6.35M shares per day 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 56.42% stake in the company. Shares short for RBLX as of Mar 15, 2024 were 17.18M with a Short Ratio of 2.47, compared to 18.13M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 4.20%.
Earnings Estimates
The firm’s stock currently is rated by 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 -$1.87 and -$2.28 for the fiscal current year, implying an average EPS of -$2.09. EPS for the following year is -$1.96, with 20 analysts recommending between -$1.42 and -$2.93.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 20 analysts. 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 19.30% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $940.15M, an increase of 19.80% over than the figure of $19.30% 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 28 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 $4.1B. In the same quarter a year ago, actual revenue was $3.52B, up 16.50% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $4.91B in the next fiscal year. The high estimate is $5.26B and the low estimate is $3.98B. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
