Roblox Corporation (NYSE:RBLX) price on current trading day, rose 1.68% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $64.81.
A look at the stock’s price movement, the level at last check in today’s session was $63.74, moving within a range at $64.3 and $65.24. The beta value (5-Year monthly) was 1.561. Turning to its 52-week performance, $64.43 and $29.55 were the 52-week high and 52-week low respectively. Overall, RBLX moved 8.74% over the past month.
Roblox Corporation’s market cap currently stands at around $42.53 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 1.37B for the company’s revenue for the quarter, with a low and high estimate of 1.34B and 1.4B respectively. The average forecast suggests up to a 21.34% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.37B, representing a 24.12% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RBLX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
26 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 17 recommend RBLX as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RBLX’s current price about 6.93% and 14.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.88, while 7-day volatility ratio is 3.38% and 3.41% in the 30-day chart. Further, Roblox Corporation (RBLX) has a beta value of 1.44, and an average true range (ATR) of 2.10. Analysts have given the company’s stock an average 52-week price target of $51.5, forecast between a low of $43 and high of $63. Looking at the price targets, the low is 33.65% off recent price level in today’s trading while to achieve the yearly target high, it has to move 2.79%. Nonetheless, investors will most likely welcome a 20.54% jump to $51.5 which is the analysts’ median price.
If we refocus on Roblox Corporation (NYSE:RBLX), historical trading data shows that trading volumes averaged 6.11 over the past 10 days and 8.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 607.45 million shares.
The 18.34% of Roblox Corporation’s shares are in the hands of company insiders while institutional holders own 63.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 21.29 million on 2024-12-31, giving us a short ratio of 3.14. The data shows that as of 2024-12-31 short interest in Roblox Corporation (RBLX) stood at 533.0 of shares outstanding, with shares short falling to 27.96 million registered in 2024-11-29. Current price change has pushed the stock 12.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RBLX stock continues to rise going into the next quarter.
