8/28/2023 0 Comments Does roblox have a stock?![]() RBLX coupled that strong top-line growth with solid adjusted EBITDA margin. RBLX closed out 2021 with 83% year over year revenue growth. Is the stock finally a buy here? RBLX Stock Key Metrics I last covered the stock in September when I called the stock grossly overvalued and explained the outlandish assumptions required to justify the stock price. The stock peaked at above $140 per share and recently closed around $35 per share. RBLX went public in early 2021 via direct listing and closed its first day of trading at $69.50 per share. In analyzing the valuation, I explain why in spite of the sizable drop in the stock price, I am still not a buyer here. While some of that decline could be explained from the general volatility seen in the tech sector, the decline could also be explained by certain key metrics. ![]() That hype has faded and so has the stock price, as the stock is now down significantly from all time highs. ![]() Roblox ( NYSE: RBLX) was once a heavily hyped stock on the basis of its exposure to the metaverse. Steve Jennings/Getty Images Entertainment ![]()
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