In yesterday’s Wall Street session, Rubicon Technologies Inc. (NYSE:RBT) shares traded at $0.54, down -1.67% from the previous session.
As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.90, we find $3.00. Given the previous closing price of $0.54, this indicates a potential upside of 455.56 percent. RBT stock price is now 26.21% away from the 50-day moving average and -55.77% away from the 200-day moving average. The market capitalization of the company currently stands at $110.41M.
Brokers who have rated the stock have averaged $2.63 as their price target over the next twelve months.
With the price target of $5, Cantor Fitzgerald recently initiated with Overweight rating for Rubicon Technologies Inc. (NYSE: RBT).
In other news, Enrich Jose Miguel, 10% Owner bought 240,154 shares of the company’s stock on Jun 16. The stock was bought for $100,000 at an average price of $0.42. Upon completion of the transaction, the 10% Owner now directly owns 351,265 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Director Chico Hernandez Andres bought 555,555 shares of the business’s stock. A total of $500,000 was incurred on buying the stock at an average price of $0.90. This leaves the insider owning 681,183 shares of the company worth $0.37 million. Insiders disposed of 791,733 shares of company stock worth roughly $0.43 million over the past 1 year. A total of 79.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RBT stock. A new stake in Rubicon Technologies Inc. shares was purchased by JEFFERIES FINANCIAL GROUP INC. during the first quarter worth $2,075,000. QUATTRO FINANCIAL ADVISORS LLC invested $535,000 in shares of RBT during the first quarter. In the first quarter, ATOMI FINANCIAL GROUP, INC. acquired a new stake in Rubicon Technologies Inc. valued at approximately $401,000. GFS ADVISORS, LLC acquired a new stake in RBT for approximately $345,000. HB WEALTH MANAGEMENT, LLC purchased a new stake in RBT valued at around $223,000 in the second quarter. In total, there are 41 active investors with 70.40% ownership of the company’s stock.
Wednesday morning saw Rubicon Technologies Inc. (NYSE: RBT) opened at $0.5950. During the past 12 months, Rubicon Technologies Inc. has had a low of $0.25 and a high of $10.50. The fifty day moving average price for RBT is $0.4250 and a two-hundred day moving average price translates $1.2000 for the stock.
The latest earnings results from Rubicon Technologies Inc. (NYSE: RBT) was released for Mar, 2023. The company reported revenue of $181.1 million for the quarter, compared to $159.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.32 percent. For the current quarter, analysts expect RBT to generate $175.78M in revenue.
Rubicon Technologies Inc.(RBT) Company Profile
Rubicon Technologies, Inc., a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses, governments, and organizations worldwide. The company provides solutions for waste generators; and haulers and recyclers. It offers consultation and management services to customers for waste removal, waste management, logistics, and recycling solutions. Its consultation and management services include planning, consolidation of billing and administration, cost savings analyses, and vendor performance monitoring and management. In addition, the company offers logistics services; and markets and resells recyclable commodities. Rubicon Technologies, Inc. was founded in 2008 and is headquartered in Lexington, Kentucky.
