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Why Jim Cramer Thinks Roblox Is Still 'Too Expensive,' After Stock Down 72% Year-To-Date

Published 21/12/2022, 13:14
© Reuters Why Jim Cramer Thinks Roblox Is Still 'Too Expensive,' After Stock Down 72% Year-To-Date
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Benzinga - On CNBC’s "Mad Money Lightning Round," Jim Cramer said Magna International Inc (NYSE: MGA) "worries me. I would rather own an auto company directly. They’re very inexpensive."

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Cramer said Roblox Corp (NYSE: RBLX) is "too expensive." His concern is that the company is not making money.

Benzinga Data finds analysts have varying takes on RBLX, although the stock has a consensus Buy rating.

Earlier this month, Roblox reported key metrics for November 2022:

  • Daily active users (DAUs) were 56.7 million, up 15% year-over-year
  • Hours engaged were 3.9 billion, up 10% year-over-year
  • Estimated revenue was between $190 million and $193 million, up 1% - 3%year-over year
  • Estimated bookings were between $222 million and $225 million, up 5% - 7% year-over-year
  • Estimated average bookings per daily active user (ABPDAU) were between $3.92 and $3.97, down 7% - 9% year-over-year
Price Action: Shares of Roblox gained 1.4% to close at $27.58, while Magna International shares dropped 1.9% to settle at $56.01 on Tuesday.

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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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