Why Should We Buy Roblox Corporation (RBLX) Stock?
Roblox Corporation (NYSE:RBLX) has seen 11.53 million shares traded in the last trading session. The company, currently valued at $49.05B, closed the last trade at $87.80 per share which meant it lost -$5.02 on the day or -5.41% during that session. The RBLX stock price is -18.3% off its 52-week high price of $103.87 and 31.09% above the 52-week low of $60.50. If we look at the companys 10-day average daily trading volume, we find that it stood at 12.66 million shares traded. The 3-month trading volume is 10.37 million shares. The consensus among analysts is that Roblox Corporation (RBLX) is a Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 0 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.23. Roblox Corporation (NYSE:RBLX) trade information  Sporting -5.41% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 06/14/21 when the RBLX stock price touched $87.80 or saw a rise of 8.53%. Year-to-date, Roblox Corporation shares have moved 26.33%, while the 5-day performance has seen it change -6.04%. Over the past 30 days, the shares of Roblox Corporation (NYSE:RBLX) have changed 26.00%. Short interest in the company has seen 11.09 million shares shorted with days to cover at 0.88. Wall Street analysts have a consensus price target for the stock at $88.86, which means that the shares value could jump 1.19% from current levels. The projected low price target is $82.00 while the price target rests at a high of $103.00. In that case, then, we find that the current price level is -17.31% off the targeted high while a plunge would see the stock lose 6.61% from current levels. Roblox Corporation (RBLX) estimates and forecasts  Revenue growth from the last financial year stood is estimated to be 186.30%. 5 analysts offering their estimates for the company have set an average revenue estimate of $692.32 million for the current quarter. 5 have an estimated revenue figure of $629.34 million for the next quarter concluding in Sep 2021. Earnings growth for 2021 is a modest -256.80% while over the next 5 years, the companys earnings are expected to increase by 1.10%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  RBLX Dividends  Roblox Corporation is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Roblox Corporation (NYSE:RBLX)s Major holders  Insiders own 3.84% of the company shares, while shares held by institutions stand at 72.02% with a share float percentage of 74.90%. Investors are also buoyed by the number of investors in a company, with Roblox Corporation having a total of 360 institutions that hold shares in the company. The top two institutional holders are Meritech Capital Associates V, LLC with over 45.8 million shares worth more than $2.97 billion. As of Mar 30, 2021, Meritech Capital Associates V, LLC held 8.87% of shares outstanding. The other major institutional holder is Tiger Global Management, LLC, with the holding of over 40.43 million shares as of Mar 30, 2021. The firms total holdings are worth over $2.62 billion and represent 7.83% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and Price (T.Rowe) Global Technology Fund. As of Mar 30, 2021, the former fund manager holds about 1.08% shares in the company for having 5.59 million shares of worth $362.43 million while later fund manager owns 3.91 million shares of worth $253.38 million as of Mar 30, 2021, which makes it owner of about 0.76% of companys outstanding stock.