Roblox Stock Falls On November User Growth Data Amid Metaverse Hype

Metaverse player Roblox (RBLX) tumbled after the video game company released November user growth metrics. Roblox stock fell despite posting 35% year-over-year growth to 49.4 million.


In addition, Roblox said estimated bookings for November 2021 were between $208 million and $211 million, up about 23% from a year earlier.

Roblox stock fell nearly 9% to close at 97.95 on the stock market today. RBLX stock has retreated 33% from an all-time intraday high of 141.60 set on Nov. 22.

San Mateo, Calif.-based Roblox provides a platform for playing video games and socializing in 3D virtual worlds.

Roblox Stock: Virtual World Attracts Nike, Chipolte

Its virtual world is modeled after the company’s real-life headquarters in Beaverton, Ore. It includes fields and arenas for online players to compete in various minigames, ranging from tag and dodge ball to “The Floor Is Lava.”

Brands that have recently created virtual worlds on Roblox include Nike (NKE) and Chipotle Mexican Grill (CMG).

RBLX stock also is viewed as play on the metaverse, a next-generation version of the internet.

Roblox stock holds a Relative Strength Rating of 95 out of a best-possible 99, according to IBD Stock Checkup.

If you’re new to IBD, consider taking a look at its stock trading system and CAN SLIM basics. Recognizing chart patterns is one key to the investment guidelines.

IBD offers a broad range of growth stock lists, such as Leaderboard. Investors also can create watch lists for issues like Roblox stock, find companies nearing a buy point, or develop custom screens at IBD MarketSmith.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

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