It is this reason that could see investor optimism for the RBLX stock continues to rise going into the next quarter. Current price change has pushed the stock 40.62% YTD, which shows the potential for further growth is there. The data shows that as of short interest in Roblox Corporation (RBLX) stood at 3.19% of shares outstanding, with shares short falling to 20.05 million registered in May 14, 2023. Also important is the data on short interest which shows that short shares stood at 19.46 million on Jun 14, 2023, giving us a short ratio of 2.43. The 0.50% of Roblox Corporation’s shares are in the hands of company insiders while institutional holders own 75.00% of the company’s shares. The company’s latest data on shares outstanding shows there are 606.64 million shares. If we refocus on Roblox Corporation (NYSE:RBLX), historical trading data shows that trading volumes averaged 10.16 million over the past 10 days and 9.37 million over the past 3 months. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.04% and -0.22% respectively in the last trading. Data shows RBLX’s intraday price has changed -4.30% in last session and 11.38% over the past year. In the market, a comparison of Roblox Corporation (RBLX) and its peers suggest the former has performed considerably weaker. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category. Turning to the stock’s technical picture we see that short term indicators suggest on average that RBLX is a Hold. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $3.43 billion, representing a 19.50% jump on that reported in the last financial year. The average forecast suggests up to a 22.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -12.90% for 2023 and 5.70% for the next financial year.Īnalysts have a consensus estimate of $784.58 million for the company’s revenue for the quarter, with a low and high estimate of $758 million and $796.7 million respectively. Analysts project the company’s earnings per share (EPS) to be -$0.45, which has seen fiscal year 2023 EPS growth forecast to increase to -$1.75 and about -$1.65 for fiscal year 2024. Roblox Corporation’s market cap currently stands at around $24.10 billion. Updated Roblox stock price prediction: What’s next for the metaverse builder Photo: Shutterstock Roblox stock value has dropped nearly 40 from its 22 November all-time high of 141.60 per share as negative momentum for growth stocks has accelerated amid the confluence of multiple catalysts.
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