Tag: RBLX

  • Why It’s Time to Buy Roblox on Pullback

    Why It’s Time to Buy Roblox on Pullback

    Keep an eye on Roblox (RBLX). Over the last few days, the gaming stock plunged from about $37 to $30.51 on earnings. In its second quarter, the company posted a net loss of 46 cents, as compared to expectations for a loss of 44 cents. Bookings were $780.7 million, up from $639.9 million a year…

  • Roblox May Have Finally Bottomed Out

    Roblox May Have Finally Bottomed Out

    Roblox (RBLX) is showing big signs of life again. In fact, after plummeting from about $47 to $34, the stock is starting to pivot.  From current prices, we’d like to see RBLX refill its bearish gap around $46 again shortly.  Helping, the company topped quarterly bookings, with year-over-year growth of 23% to $773.8 million. Revenues…

  • Why Shares of Roblox Corp. Just Broke Out

    Why Shares of Roblox Corp. Just Broke Out

    Roblox Corp. (RBLX) is showing signs of life. After consolidating around $35 for the last few weeks, the gaming stock just broke out.  From a current price of $42.28, we’d like to see it test $50 again, near-term. At the moment, shares are up $6.63 on a volume spike to 28.3 million, as compared to…

  • Here’s Why Roblox Corp. is Up 20% Today

    Here’s Why Roblox Corp. is Up 20% Today

    Roblox Corp. (RBLX) is on the run. After a rough pullback, the gaming stock is showing some signs of life. For one, the stock is shrugging off an earnings loss of 27 cents, which was wider than expectations.  Revenue and active daily users also came in lighter than hoped.  Bookings came in at $631.2 million,…

  • Weakness is an Opportunity with Roblox Corp.

    Weakness is an Opportunity with Roblox Corp.

    Keep an eye on Roblox Corp. (RBLX). One, after gapping lower on disappointing monthly user growth and booking metrics, the stock appears to have bottomed out.  Not only did RBLX catch double bottom support, it’s starting to pivot from oversold reads on RSI, MACD, and Williams’ %R. Two, RBLX is the closest thing to a…

  • Opportunity: Video Game Sales Could Accelerate in 2021

    Opportunity: Video Game Sales Could Accelerate in 2021

    Use any weakness in video game stocks as an opportunity. Activision Blizzard (ATVI), Take-Two (TTWO), and Electronic Arts (EA), Roblox (RBLX) just to name a few.  All with video games showing no signs of cooling. In fact, a new report from the NPD Group says that video game sales are up 30% in the first…

  • Here’s Why Netflix Wants to Expand into Video Games

    Here’s Why Netflix Wants to Expand into Video Games

    There’s still a good deal of momentum with gaming stocks. As we noted on May 21, “Use any weakness in video game stocks as an opportunity.  Activision Blizzard (ATVI), Take-Two (TTWO), and Electronic Arts (EA), Roblox (RBLX) just to name a few.  All with video games showing no signs of cooling.” Helping, the world of…