Is This Cathie Wood Metaverse Stock a Buy Right Now?
One of the most followed investors on Wall Street is Ark Invest founder and CEO Cathie Wood, who has built a series of exchange-traded funds (ETFs) that primarily hold technology stocks. There are a couple of key factors that separate Wood's funds from other passive investment instruments. For one, Wood invests almost exclusively in growth stocks. Additionally, unlike other investment funds, Ark publishes its trading activity on a daily basis.
By watching those updates, we can see that Wood has been scooping up shares in metaverse gaming company Roblox (NYSE: RBLX). Let's dig into what might be driving the recent activity and assess if Roblox looks like a good buy right now.
Analyzing a company's financial statements is typically a good place to start when evaluating its performance. However, for Roblox, there are a number of operating metrics beyond the financials that may serve as a better proxy.
Source Fool.com
