Roblox Corporation [RBLX] stock is trading at $37.06, down -0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RBLX shares have gain 5.31% over the last week, with a monthly amount glided 11.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Roblox Corporation [NYSE: RBLX] stock has seen the most recent analyst activity on June 14, 2024, when Macquarie initiated its Outperform rating and assigned the stock a price target of $46. Previously, MoffettNathanson upgraded its rating to Neutral on May 10, 2024, and kept the price target unchanged to $26. On April 23, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $48 on the stock. Goldman upgraded its rating to a Neutral and increased its price target to $48 on February 08, 2024. Barclays upgraded its rating to a Equal Weight and raised its price target to $46 on February 08, 2024. Needham reiterated a Buy rating for this stock on February 08, 2024, and upped its price target to $55. In a note dated January 09, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $55 on this stock.
Roblox Corporation [RBLX] stock has fluctuated between $24.88 and $47.20 over the past year. Currently, Wall Street analysts expect the stock to reach $51.75 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $37.06 at the most recent close of the market. An investor can expect a potential return of 39.64% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
Roblox Corporation [NYSE:RBLX] reported sales of 2.95B for the trailing twelve months, which represents a growth of 22.27%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -10.44 and Total Capital is -0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 15.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.58 points at the first support level, and at 36.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.34, and for the 2nd resistance point, it is at 37.61.
Ratios To Look Out For
For context, Roblox Corporation’s Current Ratio is 0.90. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 8.05, the price to book ratio is 356.31.
Transactions by insiders
Recent insider trading involved Baszucki Gregory, Director, that happened on Jun 26 ’24 when 13000.0 shares were sold. President & CEO, Baszucki David completed a deal on Jun 10 ’24 to sell 0.17 million shares. Meanwhile, President & CEO Baszucki David sold 74999.0 shares on Jun 10 ’24.
