22-May-2024
Roblox Stock (NYSE:RBLX): Short-Term Headwinds Mask Growth Potential
TipRanks (Mon, 20-May 12:56 PM ET)
RBLX Bullish Calendar Call Spread is Inexpensive at 25 Cents
Market Chameleon (Wed, 15-May 2:27 PM ET)
Roblox Reports First Quarter 2024 Financial Results
Business Wire (Thu, 9-May 8:00 AM ET)
Roblox Expands Immersive Video Ads Access to All Advertisers, Adds New Measurement Partners
Business Wire (Wed, 1-May 9:00 AM ET)
Roblox Taps PubMatic to Offer Programmatic Immersive Video Ads on Its Platform
Globe Newswire (Wed, 10-Apr 9:05 AM ET)
Roblox to Report First Quarter 2024 Financial Results on May 9, 2024
Business Wire (Mon, 8-Apr 11:00 AM ET)
Globe Newswire (Tue, 19-Mar 9:30 PM ET)
Roblox operates an online video game platform that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm effectively offers its developers a hybrid of a game engine, publishing platform, online hosting and services, marketplace with payment processing, and social network. The platform is a closed garden that Roblox controls, earning revenue in multiple places while benefiting from outsourced game development. Unlike traditional video game publishers, Roblox is more focused on the creation of new tools and monetization techniques for its developers then creating new games or franchises.
Roblox Class A trades on the NYSE stock market under the symbol RBLX.
As of May 22, 2024, RBLX stock price climbed to $33.13 with 6,405,610 million shares trading.
RBLX has a beta of 1.53, meaning it tends to be more sensitive to market movements. RBLX has a correlation of 0.14 to the broad based SPY ETF.
RBLX has a market cap of $21.19 billion. This is considered a Large Cap stock.
Last quarter Roblox Class A reported $924 million in Revenue and -$.43 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.10.
In the last 3 years, RBLX stock traded as high as $141.60 and as low as $21.65.
The top ETF exchange traded funds that RBLX belongs to (by Net Assets): VTI, VO, ARKK, VXF, VUG.
RBLX has underperformed the market in the last year with a price return of -16.1% while the SPY ETF gained +28.1%. RBLX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.9% and -15.1%, respectively, while the SPY returned +4.7% and +2.4%, respectively.
RBLX support price is $31.65 and resistance is $33.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBLX stock will trade within this expected range on the day.