Roblox Corporation [RBLX] stock prices are up 0.63% to $59.31 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RBLX shares have gain 18.31% over the last week, with a monthly amount glided 12.12%, 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 November 04, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $65 from $38. Previously, BTIG Research reaffirmed its Buy rating on September 09, 2024, and elevated its price target to $51. On July 16, 2024, Wolfe Research initiated with a Peer Perform rating. Macquarie initiated its recommendation with a Outperform and recommended $46 as its price target on June 14, 2024. MoffettNathanson upgraded its rating to Neutral for this stock on May 10, 2024, but kept the price target unchanged to $26. In a note dated April 23, 2024, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $41 to $48.
The stock price of Roblox Corporation [RBLX] has been fluctuating between $29.55 and $59.14 over the past year. Currently, Wall Street analysts expect the stock to reach $49.67 within the next 12 months. Roblox Corporation [NYSE: RBLX] shares were valued at $59.31 at the most recent close of the market. An investor can expect a potential drop of -16.25% based on the average RBLX price forecast.
Analyzing the RBLX fundamentals
The Roblox Corporation [NYSE:RBLX] reported sales of 3.36B for trailing twelve months, representing a surge of 28.84%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -9.05 and Total Capital is -0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.3.
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 58.11 points at the first support level, and at 56.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.15, and for the 2nd resistance point, it is at 61.00.
Ratios To Look Out For
It’s worth pointing out that Roblox Corporation [NYSE:RBLX]’s Current Ratio is 0.81. On the other hand, the Quick Ratio is 0.81, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 11.64, the price to book ratio is 204.92.
Transactions by insiders
Recent insider trading involved Michael Guthrie, Officer, that happened on Dec 05 ’24 when 100000.0 shares were purchased. Director, THE BASZUCKI FAMILY FOUNDATION completed a deal on Dec 05 ’24 to buy 66667.0 shares. Meanwhile, Director 2020 DAVID BASZUCKI GIFT TRUST bought 41667.0 shares on Dec 05 ’24.
