Roblox Corporation (NYSE:RBLX) shares, rose in value on Thursday, April 04, with the stock price up by 3.98% to the previous day’s close as strong demand from buyers drove the stock to $37.89.
Actively observing the price movement in the recent trading, the stock is buoying the session at $36.44. 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 -2.52% over the past month.
With the market capitalization of Roblox Corporation currently standing at about $23.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024.
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 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RBLX currently trading nearly -1.53% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.45, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 3.44%. Furthermore, Roblox Corporation (RBLX)’s beta value is 1.64, and its average true range (ATR) is 1.44.
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 3.98% in today’s session so far, and over the past year, it shrunk by -18.38%%.
Data on historical trading for Roblox Corporation (NYSE:RBLX) indicates that the trading volumes over the past 10 days have averaged 6.11 million and over the past 3 months, they’ve averaged 7.90 million. According to company’s latest data on outstanding shares, there are 581.13 million shares outstanding.
Nearly 22.57% of Roblox Corporation’s shares belong to company insiders and institutional investors own 56.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.18 million shares as on Mar 15, 2024, resulting in a short ratio of 2.35. According to the data, the short interest in Roblox Corporation (RBLX) stood at 2.72% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.13 million. The stock has fallen by -17.13% 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.
