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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