A share price of Roblox Corporation [RBLX] is currently trading at $47.64, up 1.13%. 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 5.21% over the last week, with a monthly amount glided 8.42%, 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 September 09, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $51 from $47. Macquarie started tracking the stock assigning a Outperform rating and suggested a price target of $46 on June 14, 2024. MoffettNathanson upgraded its rating to a Neutral but $26 remained the price target by the analyst firm on May 10, 2024. JP Morgan upgraded its rating to Overweight for this stock on April 23, 2024, and upped its price target to $48. In a note dated February 08, 2024, Goldman upgraded an Neutral rating on this stock and boosted its target price from $35 to $48.
Roblox Corporation experienced fluctuations in its stock price throughout the past year between $24.88 and $47.49. Currently, Wall Street analysts expect the stock to reach $52.21 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $47.64 at the most recent close of the market. An investor can expect a potential return of 9.59% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
Trailing Twelve Months sales for Roblox Corporation [NYSE:RBLX] were 3.16B which represents 31.26% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of9.4.
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 47.12 points at the first support level, and at 46.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.29, and for the 2nd resistance point, it is at 48.95.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roblox Corporation [NYSE:RBLX] is 0.86. As well, the Quick Ratio is 0.86, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 9.76, the price to book ratio is 253.53.
Transactions by insiders
Recent insider trading involved GREG AND CHRISTINA BASZUCKI LI, Director, that happened on Sep 25 ’24 when 13000.0 shares were purchased. Gen. Counsel & Secretary, Reinstra Mark completed a deal on Sep 23 ’24 to sell 17000.0 shares. Meanwhile, Officer MARK REINSTRA bought 17000.0 shares on Sep 23 ’24.
