Stocks of Roblox Corporation (NYSE:RBLX) traded higher last session on Wall Street, down -3.79% to $50.73.
RBLX stock price is now 11.67% away from the 50-day moving average and 26.28% away from the 200-day moving average. The market capitalization of the company currently stands at $32.03B.
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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, Michael Guthrie, Officer bought 40,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $2,029,200 at an average price of $50.73. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, Director Lee Anthony P bought 25,000 shares of the business’s stock. A total of $1,308,435 was incurred on buying the stock at an average price of $52.34. A total of 19.36% 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 $45.429 and a two-hundred day moving average price translates $40.1741 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.
