losabazar.blogg.se

Buy roblox stock
Buy roblox stock








buy roblox stock buy roblox stock

Roblox was designed almost from the beginning to be a human co-experience platform, which is now being more commonly called the Metaverse. However, if that was all there was to Roblox, then it would not likely be trading at a PS ratio of 40. Roblox started off simply as a platform where users could play games created by other users and share their own game creations to be played by others. Roblox was further propelled upwards by excitement over the company's future initiatives after the Roblox Investor Day on November 16.Īfter such a massive move, that now has the stock back to trading at 40 times sales, investors might be wondering whether or not to chase the stock higher after such a huge move in a short period of time.ĭata by YCharts Reasons Why Roblox is Still a Buy The stock essentially stagnated by bouncing around between $70 and $90 until November 9th when the stock shot up 42% after reporting very strong Q3 earnings. However, on June 15, Roblox released its May 2021 Key Metrics and the stock dropped 8% because of the perception that growth was slowing. The stock traded as high as $103.87 intraday in early June because of investor excitement over the possibility that Roblox could evolve into one of the first Metaverse companies. Roblox ( NYSE: RBLX) came public on March 10 of this year at an initial IPO price of $64.25, while ending the day up $5 at 69.50.










Buy roblox stock