Roblox Reality Check: Why the Metaverse Isn't Saving the Stock!

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There were high hopes for Roblox NYSE: RBLX going into the Q1 release, and they were shattered on the rocks of reality. The reality is that the metaverse, as neat as it sounds, just isn’t producing the accelerating growth that market participants had come to expect. The last report, Q4 2023, provided hope and pointed to much stronger results than were reported for Q1. The Q1 results aren’t bad but are far short of expectations and compounded by even weaker guidance that has deflated the market.

The upshot is that Roblox may now trade at a reasonable level. The market is down 30% from the pre-release level in pre-market trading and is still above critical support at the bottom of its trading range. The market may fall another 10% to retest the bottom, but support is expected to be as strong at this level as it has been. The risk is that RBLX shares will fall to a new low, opening the door to a deeper decline that could shave another 50% off the price.

Stocks Mentioned in This Episode

Company	MarketRank™	Current Price	Dividend Yield	P/E Ratio
RBLX Roblox	3.6259 of 5 stars	$32.76 -0.8%	N/A	-17.61
META Meta Platforms	3.8312 of 5 stars	$473.23 -1.7%	0.42%	27.18
MSFT Microsoft	4.8463 of 5 stars	$420.99 -0.5%	0.71%	36.45

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Chris Markoch, Guest

MarketBeat Contributor, MarketBeat

Chris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.

Thomas Hughes, Guest

MarketBeat Contributor, MarketBeat

Thomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.

Laycee Kluin, Host

Digital Marketing Strategist, MarketBeat

As MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.

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Roblox Reality Check: Why the Metaverse Isn't Saving the Stock!

Stocks Mentioned in This Episode

Chris Markoch, Guest

MarketBeat Contributor, MarketBeat

Thomas Hughes, Guest

MarketBeat Contributor, MarketBeat

Laycee Kluin, Host

Digital Marketing Strategist, MarketBeat

4 Downgraded Stocks Still Worth a Look

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