Roblox Corporation (NYSE: RBLX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Roblox Reports Fourth Quarter and Full Year 2023 Financial Results.

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Stocks Info

RBLX belongs to the Communication Services sector of the NYSE while operating in the Electronic Gaming & Multimedia industry. The current market capitalization of Roblox Corporation is $27.91B. A total of 43.3 million shares were traded on the day, compared to an average of 9.21M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RBLX has seen 7 BUY and 15 SELL insider trades, representing the acquisition of 1,233,214 and the disposition of 1,309,230 shares. Over the last 12 months, there were 62 BUYs and 152 SELLs from insiders. Insiders purchased 12,015,741 shares during that period but sold 24,563,156.

In the most recent transaction, Baszucki Gregory sold 8,333 shares of RBLX for 41.17 per share on Jan 24. After the transaction, the Director now owns 9,786,603 company shares. In a previous transaction on Jan 17, Reinstra Mark sold 4,000 shares at 38.58 per share. RBLX shares that Gen. Counsel & Secretary owns now total 258,310.

Among the insiders who sold shares, Baszucki Gregory disposed of 8,333 shares on Dec 27 at a per-share price of $46.66. This resulted in the Director holding 9,794,936 shares of RBLX after the transaction. In another insider transaction, Baszucki David sold 103,846 shares at $46.02 per share on Dec 22. Company shares held by the President & CEO now total 1.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RBLX in the last 3 months, the mean price target is $45.97 with high estimates of $60.00 and low estimates of $21.00. In terms of 52-week highs and lows, RBLX has a high of $47.65 and a low of $24.88.

As of this writing, RBLX has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$0.47 per share and a lower estimate of -$0.64. The company reported an EPS of -$0.46 in the last quarter, which was -2.20% lower than expectations of -$0.45.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RBLX’s latest balance sheet shows that the firm has $3.00B in Cash & Short Term Investments as of fiscal 2021. There were $1.23B in debt and $2.17B in liabilities at the time. Its Book Value Per Share was $0.12, while its Total Shareholder’s Equity was $592.92M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBLX is Buy with a score of 3.91.

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