On Wednesday, Roblox stock earned a positive adjustment to its Relative Strength (RS) Rating, from 70 to 73. The online video game platform posted 52 cents a share on bookings of $1.13 billion, beating analysts' estimates of 55 cents. Read more on "Roblox Stock Surges As Game Platform Beats Estimates, Guides Higher."
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest climbs. See if Roblox stock can continue to show renewed price strength and hit that benchmark.
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Is Roblox Stock A Buy?
Roblox stock is building a consolidation with a 47.65 buy point. The gaming stock surged 10% on Q4 earnings results on Wednesday, but the stock is still not within buying range. See if the stock can clear the breakout price in heavy trading.
The online video game company reported 0% EPS growth in its most recent report, while sales growth came in at 30%. The next quarterly numbers are expected on or around Feb. 7.
Roblox stock holds the No. 9 rank among its peers in the Computer Software-Gaming industry group. NetEase ADR and NeoGames are also among the group's highest-rated stocks.
