Stocks of Roblox Corporation (NYSE:RBLX) traded higher last session on Wall Street, up 1.68% to $67.11.
RBLX stock price is now 16.56% away from the 50-day moving average and 51.98% away from the 200-day moving average. The market capitalization of the company currently stands at $44.04B.
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With the price target of $63, HSBC Securities recently initiated with Buy rating for Roblox Corporation (NYSE: RBLX). On November 04, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $38 to quote $65, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, GREG AND CHRISTINA BASZUCKI LI, Director bought 26,000 shares of the company’s stock on Jan 22 ’25. The stock was bought for $1,718,600 at an average price of $66.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 22 ’25, Officer MARK REINSTRA bought 24,000 shares of the business’s stock. A total of $1,586,400 was incurred on buying the stock at an average price of $66.10. A total of 17.62% 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 $66.86. 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 $57.296 and a two-hundred day moving average price translates $44.01 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. For the current quarter, analysts expect RBLX to generate $1.37B in revenue.
