RBLX Stock Summary and Trading Ideas (Roblox Class A | NYSE:RBLX)

Roblox operates an online video game platform with 80 million daily active users that lets young gamers create, develop, and monetize games (or "experiences") for other players. The firm 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 $3.5 billion in bookings in 2023 through in-game purchases and advertising 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 than creating new games or franchises.

Roblox Class A trades on the NYSE stock market under the symbol RBLX.

As of November 21, 2024, RBLX stock price declined to $49.35 with 14,493,714 million shares trading.

RBLX has a beta of 0.59, meaning it tends to be less sensitive to market movements. RBLX has a correlation of 0.03 to the broad based SPY ETF.

RBLX has a market cap of $32.38 billion. This is considered a Large Cap stock.

Last quarter Roblox Class A reported $1 billion in Revenue and -$.37 earnings per share. This beat revenue expectation by $109 million and exceeded earnings estimates by $.02.

In the last 3 years, RBLX 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, VXF, ARKK, VUG.

RBLX has underperformed the market in the last year with a price return of +30.3% while the SPY ETF gained +32.2%. However, in the short term, RBLX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.7% vs +6.6% return in SPY. But in the last 2 weeks, RBLX shares have been beat by the market, returning -6.7% compared to an SPY return of +0.4%.

RBLX support price is $50.30 and resistance is $52.75 (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 shares will trade within this expected range on the day.