At the time of writing, Roblox Corporation [RBLX] stock is trading at $41.16, down -0.31%. 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 lost -0.56% over the last week, with a monthly amount drifted -12.63%, and not 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.
For the past year, the stock price of Roblox Corporation fluctuated between $29.55 and $48.43. Currently, Wall Street analysts expect the stock to reach $52.79 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $41.16 at the most recent close of the market. An investor can expect a potential return of 28.26% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
According to Roblox Corporation [NYSE:RBLX], the company’s sales were 3.16B for trailing twelve months, which represents an 31.26% jump. 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 40.52 points at the first support level, and at 39.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.40, and for the 2nd resistance point, it is at 43.64.
Ratios To Look Out For
It is important to note that Roblox Corporation [NYSE:RBLX] has a current ratio of 0.86. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 8.44, the price to book ratio is 219.04.
Transactions by insiders
Recent insider trading involved GREG AND CHRISTINA BASZUCKI LI, Director, that happened on Oct 23 ’24 when 13000.0 shares were purchased. Chief Financial Officer, Guthrie Michael completed a deal on Oct 07 ’24 to sell 30000.0 shares. Meanwhile, Officer Michael Guthrie bought 30000.0 shares on Oct 07 ’24.
