In yesterday’s Wall Street session, RumbleON Inc. (NASDAQ:RMBL) shares traded at $9.72, up 5.08% from the previous session.
As of this writing, 6 analysts cover RumbleON Inc. (NASDAQ:RMBL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $26.00 and a low of $13.00, we find $17.00. Given the previous closing price of $9.25, this indicates a potential upside of 83.78 percent. RMBL stock price is now 11.87% away from the 50-day moving average and -42.08% away from the 200-day moving average. The market capitalization of the company currently stands at $149.30M.
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There are 1 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $19.20 as their price target over the next twelve months.
On October 14, 2021, DA Davidson recently initiated its ‘Buy’ rating on the stock quoting a target price of $47, while ‘Wedbush’ rates the stock as ‘Outperform’.
In other news, Alexander Adam, Director bought 1,717 shares of the company’s stock on Aug 15. The stock was bought for $44,853 at an average price of $26.12. Upon completion of the transaction, the Director now directly owns 28,799 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31, 10% Owner Tkach Mark bought 30,000 shares of the business’s stock. A total of $477,300 was incurred on buying the stock at an average price of $15.91. This leaves the insider owning 2,621,028 shares of the company worth $25.48 million. Insiders disposed of 4,368 shares of company stock worth roughly $42456.96000000001 over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RMBL stock. A new stake in RumbleON Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $598,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $447,000 in shares of RMBL during the first quarter. In the first quarter, AQR CAPITAL MANAGEMENT LLC acquired a new stake in RumbleON Inc. valued at approximately $418,000. QUADRATURE CAPITAL LTD acquired a new stake in RMBL for approximately $340,000. WALLEYE TRADING LLC purchased a new stake in RMBL valued at around $107,000 in the second quarter. In total, there are 104 active investors with 43.50% ownership of the company’s stock.
Friday morning saw RumbleON Inc. (NASDAQ: RMBL) opened at $9.16. During the past 12 months, RumbleON Inc. has had a low of $5.89 and a high of $41.81. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.50, and a quick ratio of 0.30. The fifty day moving average price for RMBL is $8.54 and a two-hundred day moving average price translates $16.65 for the stock.
The latest earnings results from RumbleON Inc. (NASDAQ: RMBL) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $0.87, missing analysts’ expectations of $0.9 by -0.03. This compares to -$3.25 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 10.00% for RMBL. The company reported revenue of $470.27 million for the quarter, compared to $221.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 112.59 percent. For the current quarter, analysts expect RMBL to generate $462.21M in revenue.
RumbleON Inc.(RMBL) Company Profile
RumbleON, Inc. operates a technology-based omnichannel platform to aggregate and distribute pre-owned vehicles in North America. It operates through three segments: Powersports, Automotive, and Vehicle Logistics. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks. The Vehicle Logistics segment provides automotive transportation services between dealerships and auctions. Its platform offers ability to buy, sell, trade, and finance new and pre-owned vehicles online or in store for dealers and consumers. The company was formerly known as Smart Server, Inc. and changed its name to RumbleON, Inc. in February 2017. RumbleON, Inc. was incorporated in 2013 and is based in Irving, Texas.
