Is Roblox Stock a Buy Now?

Is Roblox Stock a Buy Now?

Roblox's (NYSE: RBLX) stock price plunged 17% during after-hours trading on Aug. 9 following its second-quarter earnings report. The gaming platform company's revenue grew 30% year over year to $591 million, but its bookings -- which gauge direct purchases of its in-game currency Robux -- fell 4% to $640 million and missed analysts' estimates by $14 million.