Roblox Corporation (NYSE:RBLX) shares, rose in value on Thursday, March 14, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $40.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.39. The value of beta (5-year monthly) is 1.66. Referring to stock’s 52-week performance, its high was $47.65, and the low was $24.88. On the whole, RBLX has fluctuated by -4.89% over the past month.
With the market capitalization of Roblox Corporation currently standing at about $25.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.53, which is expected to increase to -$0.4 for fiscal year -$2.08 and then to about -$1.94 by fiscal year 2025. Data indicates that the EPS growth is expected to be -11.20% in 2025, while the next year’s EPS growth is forecast to be 6.70%.
Analysts have estimated the company’s revenue for the quarter at $923.13 million, with a low estimate of $768.8 million and a high estimate of $946 million. According to the average forecast, sales growth in current quarter could jump up 19.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.1 billion, representing an increase of 16.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that RBLX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RBLX currently trading nearly -2.15% and -2.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.98, while the 7-day volatility ratio is showing 4.50% which for the 30-day chart, stands at 3.63%. Furthermore, Roblox Corporation (RBLX)’s beta value is 1.66, and its average true range (ATR) is 1.69.
A comparison of Roblox Corporation (RBLX) with its peers suggests the former has fared considerably weaker in the market. RBLX showed an intraday change of -0.35% in today’s session so far, and over the past year, it shrunk by -6.81%%.
Data on historical trading for Roblox Corporation (NYSE:RBLX) indicates that the trading volumes over the past 10 days have averaged 7.16 million and over the past 3 months, they’ve averaged 8.08 million. According to company’s latest data on outstanding shares, there are 581.13 million shares outstanding.
Nearly 23.26% of Roblox Corporation’s shares belong to company insiders and institutional investors own 56.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.67 million shares as on Feb 29, 2024, resulting in a short ratio of 1.62. According to the data, the short interest in Roblox Corporation (RBLX) stood at 2.48% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 17.1 million. The stock has fallen by -11.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RBLX stock heading into the next quarter.
