Million

Glimpse

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>With a bullish YTD outlook, RBLX stock price is now showcasing a bearish trend.</a> </li> 
 <li> <span>2</span> <a>Due to the increased activity of bears, Roblox stock price started sliding downwards.</a> </li> 
</ul> 
<p>Roblox (RBLX) stock price is on its way to mark the recent 1-month low as it is experiencing increased bear activity. The stock price indicates over 9 Million trading volume activity in the recent 1-day while bears have shown their market dominance.</p> 
<p>At press time, the pre-market price is indicating a slight upside trend. On the other hand, if the downside trend starts during the trading session, then RBLX may mark its recent 1-month low. However, the 52-week low of RBLX share was noted at $25.32 whereas the 52-week high was $53.88.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/PpzUNp9dCDbqsdPG5pvVXC7pSqx5GstJ7EkHwY0kn3Zhr_3gvx7qCekkik-6Hj1ccjQR3ATQuoZevf__a1aR7nU-FwQxKQlzFhkPs72Yt9pKhw1lC2y7XFgMz49VwYp-QVCyzn0rG89ZJU5bpEBLRw" alt="Will Roblox (RBLX) Stock Price Fall More Ahead of its Earnings?" width="1165" height="294"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Notably, due to the bearish trend and higher bear activity, the technical rating in the recent 1-day indicates a “strong sell” in RBLX stock price. Some other similar industry stocks such as Glimpse Group Inc. (NASDAQ: VRAR), System1 Inc. (NYSE: SST), Materialise NV (NASDAQ: MTLS), and BigBear.ai Holdings Inc. (NYSE: BBAI) are also showing the same technical rating as the above chart shows.</p> 
<h2 class="wp-block-heading" id="strong-rblx-stock-price-analysis-strong"><strong>RBLX Stock Price Analysis</strong></h2> 
<p>Near the weekend, on July 27, 2023, Thursday, RBLX <a href="https://www.thecoinrepublic.com/2023/07/25/vz-stock-price-noted-over-30-million-trading-volume-in-a-day/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> dropped 5.11% and closed at $37.91. Its day range was between $37.61 to $40.93. Its next earnings date is August 9, 2023, whereas the bearish trend of the stock is quite similar.&nbsp;</p> 
<p>On May 10, 2023, when Roblox Corp. released its Q1 2023 earnings, RBLX share price showed a bearish trend which almost reached below $34.00.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/bPyadthaIy0s1Ipf6pNEaac8iT1HylB8okjEvcUa_QSC4jnEoh0PMiCFiaUBuuA6RF_lZLpdKM7hH1Sd4yjEYbF9HPYfzDzSJg_7sGYsJDr1yjyBbv0gs46z1xH5LuFWOsU1Sg_cxIU_Cwfi9OIYRw" alt="Will Roblox (RBLX) Stock Price Fall More Ahead of its Earnings?"> 
  <figcaption class="wp-element-caption"> <strong>Source: RBLX/USD by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Due to the bearish trend, the RSI of RBLX stock price is now heading down, clearly showing the higher activity of bears during the trading sessions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/yaPQPImHJCrVrK2w54HhY0YwL6n7y_U7PzoCIHPpMc_xmactJKfNCOuxhPDHIBIQxTwIfZ_FLsn9U9Jy3E4LfSOhsL9b34Y9AXYDqSq_algRpEdGJ3RQuanwMGK4-Lol0zflu8xdGnoePdjaNmXVsw" alt="Will Roblox (RBLX) Stock Price Fall More Ahead of its Earnings?" width="1162" height="532"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of Roblox Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>The 1-year price forecast set by the analysts is resting at $41.82, over 10% up from the recent closing price of <a href="https://www.thecoinrepublic.com/2023/07/26/will-cna-stock-continue-its-monthly-bullishness-ahead-of-q2-2023/" rel="noopener noreferrer nofollow">stock</a>. The maximum estimate set by analysts is $60.00 whereas the minimum estimate is $20.00.</p> 
<h3 class="wp-block-heading" id="strong-the-financial-highlights-of-roblox-strong"><strong>The Financial Highlights of Roblox</strong></h3> 
<p>Roblox Corp. (NYSE: RBLX), an American video game developer, has a market cap of nearly $23.15 Billion. According to Q1 2023 earnings and revenue report, the net income is negative $268.31 Million. Its earnings per share (EPS) is negative $0.44 whereas the estimation was negative $0.37.</p> 
<p>The revenue for the same period amounts to $773.82 Million despite the estimated figure of $767.70 Million. For the next quarter, the estimated EPS is negative $0.44, and revenue is expected to reach $785.40 Million.</p> 
<p>Roblox Corporation’s revenue for 2022 amounted to $2.87 Billion, the most of which — $2.23 Billion — came from its highest-performing source at the moment, “online gaming services”.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will Roblox (RBLX) Stock Price Fall More Ahead of its Earnings?

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