Previous close | 0.1800 |
Open | 0.1800 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 17.50 |
Expiry date | 2023-10-20 |
Day's range | 0.1800 - 0.1800 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Roblox (NYSE: RBLX) shares had been rallying ahead of its much-anticipated earnings update in mid-May, and the company didn't disappoint. Revenue growth was strong, and cash-flow trends impressed, even as the digital-entertainment specialist continued to book net losses. Most Wall Street headlines focused on Roblox's accelerating growth rate that has pushed sales gains up to over 20% today from a negative result a few quarters back.
These companies operate at the intersection of technology and media trends, and have what it takes to be big winners.
Despite the market's recent volatility, some companies are offering investors sizzling stories worthy of consideration.
I'm no fan of the saying, "Sell in May and go away." Unsurprisingly, and in keeping with The Motley Fool's guidance, I tend to hold stocks for the long term. In fact, rather than selling in May, I'm adding shares to my portfolio this month.
Roblox (NYSE: RBLX) is an online gaming platform that lets users play games in various virtual 3D worlds. The large community aspect of Roblox has made it a huge hit among children and adult video game enthusiasts. Roblox went public in March 2021 at $62.50 per share, and by November 2021 its stock price was over $130.
While the Nasdaq Composite index is up roughly 21.5% this year, it also remains down roughly 21% from its all-time high. Growth stocks are still in bear market territory, and many companies that saw big valuation boosts at the height of the pandemic continue to trade at massive discounts compared to previous highs. In addition to bullish catalysts created by stimulus initiatives and low interest rates, many software companies saw engagement catalysts from shelter-in-place and social-distancing conditions.
When growth stocks were in a bull run, it seemed like the stock market was printing money. It has been a great 2023 for Shopify's (NYSE: SHOP) stock, up over 70% year to date. Shopify's lackluster 2022 can be attributed to macroeconomic conditions, with high inflation slowing down consumer spending (especially on non-essential items that Shopify's merchants tend to sell).
Investors looking at purchasing growth stocks have two excellent options in Roblox (NYSE: RBLX) and The Trade Desk (NASDAQ: TTD). Fool.com contributor and finance professor Parkev Tatevosian picks his favorite.
At its annual developers conference, Google's parent company reminded everyone how it got to be one of the most dominant businesses in the U.S.
After initially sending shares lower, investors changed their minds and pushed Roblox (NYSE: RBLX) stock higher following its recent first-quarter earnings report. The online gaming platform provided support for both the bullish and bearish thesis on the stock, with good news on engagement offset by significant net losses. Let's take a closer look at those growth and financial trends, and what they might mean for this tech stock.
Gaming platform company Roblox (NYSE: RBLX) is an exciting stock to look at right now. Despite being down 71% from its late 2022 high, the business performance over the past year has me thinking now might be the best time to pick up shares. When Roblox came public in early 2021, one of the biggest questions surrounding the business was how sticky the platform would be as its users get older.
Discover how a pair of beaten-down stocks are poised for a major comeback. A $2,000 investment today could earn substantial returns over the long haul.
This is a big market for content platforms like Roblox (NYSE: RBLX) and leading gaming peripheral brands like Corsair Gaming (NASDAQ: CRSR). If you're interested in adding a gaming stock to your portfolio, here's why these two stocks would be great choices in May. Roblox saw its platform continue to welcome new users over the last year, but the company's financial results were somewhat lacking.
Roblox Corporation ( NYSE:RBLX ) shareholders might be concerned after seeing the share price drop 14% in the last...
Depending on who you talk to, the metaverse is already dead. Epic Games CEO Tim Sweeney recently published a brief obituary and open wake invitation for the tech movement in a message on Twitter -- but be sure to read it with your sarcasm detectors piqued and fully up to date. The metaverse is dead!
Week to date, shares of Roblox (NYSE: RBLX) were up 13.8% through Thursday's closing price, according to data provided by S&P Global Market Intelligence. Earlier in the week, the gaming platform announced first-quarter earnings results. It beat the consensus analyst estimate for bookings (a non-GAAP measure of revenue).
Fool.com contributor and finance professor Parkev Tatevosian deciphers Roblox's (NYSE: RBLX) latest figures and shares his insights in this video. *Stock prices used were the afternoon prices of May 9, 2023.
U.S. stocks closed mostly higher on Wednesday, led by a tech rally after data showed that April's consumer price index cooled to its lowest annual rate in nearly two years.
Roblox's (RBLX) first-quarter 2023 results reflect a year-over-year decline in earnings and rise in revenues.
Historically, tech stocks have tended to be more volatile than those in other sectors. One case in point is the performance of Roblox (NYSE: RBLX) on Wednesday; the stock initially dipped after the company reported quarterly earnings, before sprinting to close well into positive territory at 7.5%. On the other hand, the company's net loss under generally accepted accounting principles (GAAP) deepened.
Yahoo Finance Live discusses a rise in shares of Roblox as key metrics such as revenue and daily active users in the older demographic exceeded investor expectations.
At this time, I would like to welcome everyone to the Roblox first quarter 2023 earnings conference call. Good morning, everyone, and thank you for joining our Q&A session to discuss Roblox's Q1 2023 results. With me today is Roblox co-founder and CEO, David Baszucki; and CFO, Michael Guthrie.
While the top- and bottom-line numbers for Roblox (RBLX) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Roblox (NYSE: RBLX) is an early leader in the metaverse space that has seen some volatile trading since going public in March 2021. Spurred by some strong engagement numbers and some rebound momentum for growth stocks, the company's share price has rallied roughly 27% this year. Should investors be building positions in this innovative software company in preparation for a much bigger stock recovery, or is this risky growth stock's valuation still too rich?
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss stock performance for Roblox and Electronic Arts following quarterly earnings.