Roblox Stock Craters on Outlook. Is This a Buying Opportunity?

Roblox (NYSE: RBLX) share prices plunged after the virtual gaming platform issued disappointing guidance. The drop cooled off what had been a hot start to the year for the stock, which is still up more than 13.5% on the year as of this writing. The stock has risen by about 48% over the past year.Let's dig into the company's results to determine whether now is a good opportunity to buy the stock on the dip.One of Roblox's most important metrics is bookings. This is because of how the company recognizes its revenue. Roblox gets a 30% cut of each virtual dollar, called a Robux, spent on its platform. The remaining money goes to the developers and distributors of the games and experiences on its platform, which are oftentimes the same entity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool