The price of Roblox Corporation (NYSE: RBLX) closed at $36.20 in the last session, down -7.75% from day before closing price of $39.24. In other words, the price has decreased by -$3.04 from its previous closing price. On the day, 15202277 shares were traded.
Ratios:
We take a closer look at RBLX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 166.28. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when Baszucki Gregory sold 13,000 shares for $40.42 per share. The transaction valued at 525,438 led to the insider holds 9,773,603 shares of the business.
Guthrie Michael sold 30,000 shares of RBLX for $1,220,280 on Mar 04 ’24. The Chief Financial Officer now owns 396,709 shares after completing the transaction at $40.68 per share. On Feb 28 ’24, another insider, Baszucki David, who serves as the President & CEO of the company, sold 41,666 shares for $40.12 each. As a result, the insider received 1,671,788 and left with 354,167 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 24.79B and an Enterprise Value of 24.36B. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.17 while its Price-to-Book (P/B) ratio in mrq is 299.52. Its current Enterprise Value per Revenue stands at 8.70 whereas that against EBITDA is -26.74.
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 40.97, while the 200-Day Moving Average is calculated to be 37.19.
Shares Statistics:
According to the various share statistics, RBLX traded on average about 7.90M shares per day over the past 3-months and 8.34M shares per day over the past 10 days. A total of 581.13M shares are outstanding, with a floating share count of 489.56M. Insiders hold about 22.49% of the company’s shares, while institutions hold 56.42% stake in the company. Shares short for RBLX as of Feb 29, 2024 were 15.67M with a Short Ratio of 1.98, compared to 17.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.48% and a Short% of Float of 3.83%.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. 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
According to 20 analysts, the current quarter’s revenue is expected to be $923.13M. 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 $940.36M, 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 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 $4.1B. In the same quarter a year ago, actual revenue was $3.52B, up 16.30% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $4.92B 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 20.10% from the average revenue estimate for this year.
