In yesterday’s Wall Street session, Roblox Corporation (NYSE:RBLX) shares traded at $37.67, up 3.12% from the previous session.
RBLX stock price is now 0.80% away from the 50-day moving average and -1.83% away from the 200-day moving average. The market capitalization of the company currently stands at $24.38B.
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
, while ‘Macquarie’ rates the stock as ‘Outperform’
In other news, Baszucki Gregory, Director sold 13,000 shares of the company’s stock on Jul 24 ’24. The stock was sold for $525,847 at an average price of $40.45. Upon completion of the transaction, the Director now directly owns 9,708,603 shares in the company, valued at $365.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, President & CEO Baszucki David sold 166,668 shares of the business’s stock. A total of $6,702,451 was realized by selling the stock at an average price of $40.21. This leaves the insider owning 142,260 shares of the company worth $5.36 million. A total of 22.05% of the company’s stock is owned by insiders.
During the past 12 months, Roblox Corporation has had a low of $24.88 and a high of $47.20. As of last week, the company has a debt-to-equity ratio of 15.21, a current ratio of 0.86, and a quick ratio of 0.86. The fifty day moving average price for RBLX is $37.4868 and a two-hundred day moving average price translates $38.4106 for the stock.
The latest earnings results from Roblox Corporation (NYSE: RBLX) was released for 2024-06-30. The net profit margin was -34.11% and return on equity was -742.99% for RBLX. The company reported revenue of $893.54 million for the quarter, compared to $680.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.26 percent. For the current quarter, analysts expect RBLX to generate $1.02B in revenue.
