Do investors have a safe investment in Roblox Corporation (NYSE:RBLX)?

The price of Roblox Corporation (NYSE:RBLX) shares last traded on Wall Street rose 0.86% to $38.75.

Based on available information, 32 analysts follow Roblox Corporation (NYSE:RBLX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $21.00, we find $44.50. Given the previous closing price of $38.42, this indicates a potential upside of 15.83 percent. RBLX stock price is now 27.81% away from the 50-day moving average and 5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $24.17B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

Among analysts, 4 rate the stock a hold while 19 rate it a buy. Brokers who have rated the stock have averaged $41.04 as their price target over the next twelve months.

With the price target enhanced from $35 to $37, Truist Upgraded its rating from Hold to Buy for Roblox Corporation (NYSE: RBLX).

In other news, Baszucki Gregory, Director sold 8,333 shares of the company’s stock on Oct 23. The stock was sold for $258,765 at an average price of $31.05. Upon completion of the transaction, the Director now directly owns 9,838,602 shares in the company, valued at $381.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18, Gen. Counsel & Secretary Reinstra Mark sold 4,000 shares of the business’s stock. A total of $122,480 was realized by selling the stock at an average price of $30.62. This leaves the insider owning 320,763 shares of the company worth $12.43 million. Insiders disposed of 24,179,929 shares of company stock worth roughly $936.97 million over the past 1 year. A total of 24.94% of the company’s stock is owned by insiders.

A candlestick chart of Roblox Corporation (NYSE: RBLX) showed a price of $38.05 on Monday morning. During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.65. As of last week, the company has a debt-to-equity ratio of 13.80, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for RBLX is $30.32 and a two-hundred day moving average price translates $36.75 for the stock.

The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for Sep, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at -$0.45, beating analysts’ expectations of -$0.51 by 0.06. This compares to -$0.51 EPS in the same period last year. The net profit margin was -42.54% and return on equity was -406.98% for RBLX. The company reported revenue of $713.23 million for the quarter, compared to $517.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.77 percent. For the current quarter, analysts expect RBLX to generate $1.08B in revenue.

Roblox Corporation(RBLX) Company Profile

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. Roblox Corporation was incorporated in 2004 and is headquartered in San Mateo, California.

Related Posts