![]() Despite the latest rebound, Roblox stock (NYSE:RBLX) is still down 59% year to date. By October 2021, shares had almost doubled but had subsequently dropped substantially. Roblox was founded in 2004, but it did not go public until March 2021. So, Roblox’s business appears to be doing well, but is it too late to invest? Let’s look at Roblox stock (NYSE:RBLX) valuation to see if the stock is undervalued. Roblox Stock: Valuation Has Recovered Slightly, But Only Slightly. Overall, the September user metrics clearly showed that Roblox’s core business is still doing well. Without these foreign exchange headwinds, the company estimates that bookings would have increased by 17% to 21%. Meanwhile, bookings (sales of Roblox’s in-game currency that are not recorded as revenue until a user spends the currency) increased by 11% to 15% year over year in September, despite continuing negative foreign exchange effects from the strong dollar. Roblox stock (NYSE:RBLX) has long been labeled as a pandemic stock, but its September results call that hypothesis into question. Because the company earns between $3.67 and $3.79 per active user, its user count indicates its upcoming revenue and earnings early. These metrics are critical for Roblox, which runs an online, metaverse-style gaming network. Roblox released its September user metrics on Monday, revealing higher-than-expected growth in daily average users (DAUs) and engaged hours. Roblox Stock: Roblox’s User Base Continues to Grow. Let’s take a look at what drove the stock up, its long-term prospects, and whether it’s still a buy despite its recent surge. ![]() This week, many people are undoubtedly asking questions about Roblox stock (NYSE:RBLX) with its recent rise.
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