RBLX - Metaverse play Roblox saw its stock hit a 52-week low last week. Is now the time to buy?

May, 18 2022 08:56 AM Roblox Corporation Class A

Roblox (NYSE:RBLX) shares hit a 52-week low last week despite the video game platform’s massive popularity with younger gamers. The metaverse play has been dragged down by the risk-off approach most investors have taken so far in 2022. Is now the time to buy? Post-Pandemic Struggles While Roblox remains wildly popular with children and younger teens, the online gaming company has been grappling with a post-pandemic slowdown in growth, difficult year-over-year comps and pressure to expand its audience into an older demographic. Given these headwinds, shares of Roblox have tumbled 25% over the past 30 days. This decline has outpaced most of its peers, both in the metaverse sector and among video game competitors. In comparison, fellow metaverse play Meta Platforms (FB) has slid just 4% during the same time period. Meanwhile, the S&P 500 has shed 7% as of May 17. Roblox shares have also performed worse than many

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Metaverse play Roblox saw its stock hit a 52-week low last week. Is now the time to buy?

Company Name:	Roblox Corporation Class A
Stock Symbol:	RBLX
Market:	NYSE

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