|Bid||35.57 x 800|
|Ask||35.59 x 1200|
|Day's range||33.56 - 35.58|
|52-week range||21.65 - 141.60|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
This has been a frustrating year for investors, but at the same time, those with cash to invest have an opportunity to put their money to work in exciting companies at prices that were unimaginable a few years ago. Browsing a list of growth stocks down more than 70% from their highs, Chewy (NYSE: CHWY), Revolve Group (NYSE: RVLV), and Roblox (NYSE: RBLX) could be incredible values right now. Here's why three Motley Fool contributors believe these stocks will rebound and pay off for investors over the long term.
Roblox (NYSE: RBLX) enjoyed a brief period as a stock market darling following its March 2021 initial public offering. Let's take a look at the bullish and bearish arguments for the stock and try to determine what comes next for Roblox. Parkev Tatevosian: Roblox did an excellent job acquiring users to its metaverse platform, but it wasn't all that hard considering the popular gaming platform is free to join and use.
Roblox's (NYSE: RBLX) stock closed at a record high of $134.72 last November. At the time, investors were so enthusiastic about the gaming platform company's growth potential in the metaverse that they valued it at $78 billion -- or 29 times the bookings it would generate in 2021.