Roblox Corporation (NYSE: RBLX) is -1.79% lower on its value in year-to-date trading and has touched a low of $24.88 and a high of $47.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RBLX stock was last observed hovering at around $43.62 in the last trading session, with the day’s gains setting it 1.28%.
Currently trading at $44.90, the stock is 6.21% and 11.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.45 million and changing 2.93% at the moment leaves the stock 14.57% off its SMA200. RBLX registered 54.77% gain for a year compared to 6-month loss of 6.80%.
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The stock witnessed a 21.29% gain in the last 1 month and extending the period to 3 months gives it a 28.32%, and is 4.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.61% over the week and 3.07% over the month.
Roblox Corporation (RBLX) has around 2457 employees, a market worth around $29.06B and $3.16B in sales. Profit margin for the company is -34.11%. Distance from 52-week low is 80.47% and -4.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.77%).
with sales reaching $1.02B over the same period.The EPS is expected to grow by 12.64% this year, but quarterly earnings will post 19.70% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
Roblox Corporation (RBLX) Top Institutional Holders
898.0 institutions hold shares in Roblox Corporation (RBLX), with institutional investors hold 78.86% of the company’s shares. The shares outstanding are 581.13M, and float is at 504.14M with Short Float at 4.04%. Institutions hold 74.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 49.61 million shares valued at $1.85 billion. The investor’s holdings represent 7.812% of the RBLX Shares outstanding. As of 2024-06-30, the second largest holder is ALTOS VENTURES MANAGEMENT INC. with 43.94 million shares valued at $1.64 billion to account for 6.9199 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 29.99 million shares representing 4.7223% and valued at over $1.12 billion, while BAILLIE GIFFORD & CO holds 4.5892 of the shares totaling 29.14 million with a market value of $1.08 billion.
Roblox Corporation (RBLX) Insider Activity
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Roblox Corporation disclosed in a document filed with the SEC on Sep 04 ’24 that Guthrie Michael (Chief Financial Officer) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $43.09 per share for $1.29 million. Following the transaction, the insider now directly holds 0.35 million shares of the RBLX stock.
Still, SEC filings show that on Sep 04 ’24, Michael Guthrie (Officer) Proposed Sale 30,000 shares at an average price of $43.26 for $1.3 million. The insider now directly holds shares of Roblox Corporation (RBLX).
