Stocks of Roblox Corporation (NYSE:RBLX) traded higher last session on Wall Street, down -0.20% to $49.06.
RBLX stock price is now 6.36% away from the 50-day moving average and 21.31% away from the 200-day moving average. The market capitalization of the company currently stands at $32.19B.
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
With the price target enhanced from $38 to $65, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Roblox Corporation (NYSE: RBLX). On September 09, 2024, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $47 to quote $51, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Chakravarthy Arvind, Chief People & Systems Officer sold 14,269 shares of the company’s stock on Nov 26 ’24. The stock was sold for $705,260 at an average price of $49.43. Upon completion of the transaction, the Chief People & Systems Officer now directly owns 244,803 shares in the company, valued at $12.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Gen. Counsel & Secretary Reinstra Mark sold 7,000 shares of the business’s stock. A total of $338,740 was realized by selling the stock at an average price of $48.39. This leaves the insider owning 278,161 shares of the company worth $13.65 million. A total of 19.28% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $29.55 and a high of $55.10. As of last week, the company has a debt-to-equity ratio of 9.26, a current ratio of 0.81, and a quick ratio of 0.81. The fifty day moving average price for RBLX is $46.062 and a two-hundred day moving average price translates $40.41435 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-09-30. The net profit margin was -30.90% and return on equity was -658.56% for RBLX. The company reported revenue of $918.95 million for the quarter, compared to $713.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.84 percent.
