During the pandemic, the company overtook the hugely popular computer game, Minecraft, in active monthly users in 2020. In the first quarter of 2021, Roblox reported 42.1 million daily active users, up 79% from last year, and 9.7 billion hours, up 98% from March 2021. The stock has been a little volatile, ranging from $60 to $83 in a relatively short amount of time, but if we take a step back we can see that the share is consistently rising within the three months since its debut. Since then, the stock has increased more than 24% and currently, Roblox stock costs $86.20 at time of writing. On its first day of trading, Roblox stock jumped 54%, closing at $69.50. Roblox went public at $64.50 per share with a $41 billion valuation. How much does Roblox stock cost per share? Roblox trades on the New York Stock Exchange under the ticker 'RBLX'. Roblox also allows users to rent servers to host virtual gatherings, which have been particularly popular during the lockdowns.
The company makes money by selling its digital currency, 'Robux', which can be used to buy virtual goods and enhance characters. The online gaming hub allows users to create an avatar that they can play different titles with, for free. Roblox is an online gaming platform and game creation system that allows players to program games and play titles created by other users. Before buying shares, let's take a peek into the company's books. The blockbuster IPO was one of the most highly anticipated in recent years. Roblox (NYSE: RBLX), whose online gaming software has become hugely popular with children and teenagers during the pandemic, made its market debut back in March.
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