A share price of Roblox Corporation [RBLX] is currently trading at $41.52, up 1.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RBLX shares have gain 3.90% over the last week, with a monthly amount glided 12.03%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On June 14, 2024, Macquarie initiated with a Outperform rating and assigned a price target of $46 on the stock. MoffettNathanson upgraded its rating to a Neutral but stick to its price target of $26 on May 10, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $48 on April 23, 2024. Goldman upgraded its rating to Neutral for this stock on February 08, 2024, and upped its price target to $48. In a note dated February 08, 2024, Barclays upgraded an Equal Weight rating on this stock and boosted its target price from $26 to $46.
Roblox Corporation experienced fluctuations in its stock price throughout the past year between $24.88 and $47.20. Currently, Wall Street analysts expect the stock to reach $51.83 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $41.52 at the most recent close of the market. An investor can expect a potential return of 24.83% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
Trailing Twelve Months sales for Roblox Corporation [NYSE:RBLX] were 2.95B which represents 22.27% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of15.76.
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 41.03 points at the first support level, and at 40.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.03, and for the 2nd resistance point, it is at 42.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roblox Corporation [NYSE:RBLX] is 0.90. Further, the Quick Ratio stands at 0.90, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 9.02, the price to book ratio is 399.19.
Transactions by insiders
Recent insider trading involved Baszucki Gregory, Director, that happened on Jul 24 ’24 when 13000.0 shares were sold. President & CEO, Baszucki David completed a deal on Jul 12 ’24 to sell 0.17 million shares. Meanwhile, President & CEO Baszucki David sold 75002.0 shares on Jul 12 ’24.
