Roblox Corporation [RBLX] stock prices are up 0.88% to $39.09 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RBLX shares have gain 8.04% over the last week, with a monthly amount drifted -5.31%, and not 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.
The stock price of Roblox Corporation [RBLX] has been fluctuating between $24.88 and $47.20 over the past year. Currently, Wall Street analysts expect the stock to reach $52.21 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $39.09 at the most recent close of the market. An investor can expect a potential return of 33.56% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
The Roblox Corporation [NYSE:RBLX] reported sales of 3.16B for trailing twelve months, representing a surge of 31.26%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -10.9 and Total Capital is -0.38. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.4.
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 38.76 points at the first support level, and at 38.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.31, and for the 2nd resistance point, it is at 39.52.
Ratios To Look Out For
It’s worth pointing out that Roblox Corporation [NYSE:RBLX]’s Current Ratio is 0.86. Also, the Quick Ratio is 0.86, while the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 8.01, the price to book ratio is 208.03.
Transactions by insiders
Recent insider trading involved Michael Guthrie, Officer, that happened on Aug 14 ’24 when 30000.0 shares were purchased. Officer, MARK REINSTRA completed a deal on Aug 13 ’24 to buy 10000.0 shares. Meanwhile, Director Baszucki Gregory sold 13000.0 shares on Jul 24 ’24.
