Stocks of Rubicon Technologies Inc. (NYSE:RBT) traded higher last session on Wall Street, up 5.27% to $0.59.
According to the data, Rubicon Technologies Inc. (NYSE:RBT) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.40, we find $3.00. Given the previous closing price of $0.56, this indicates a potential upside of 435.71 percent. RBT stock price is now 1.06% away from the 50-day moving average and -47.67% away from the 200-day moving average. The market capitalization of the company currently stands at $107.32M.
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A total of 0 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.47 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 $0.21 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 $0.4 million. Insiders disposed of 791,733 shares of company stock worth roughly $0.47 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $1,387,000. METEORA CAPITAL, LLC invested $295,000 in shares of RBT during the first quarter. In the first quarter, HB WEALTH MANAGEMENT, LLC acquired a new stake in Rubicon Technologies Inc. valued at approximately $245,000. ANTARA CAPITAL LP acquired a new stake in RBT for approximately $214,000. BROWN ADVISORY INC purchased a new stake in RBT valued at around $31,000 in the second quarter. In total, there are 48 active investors with 70.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $0.5535 for Rubicon Technologies Inc. (NYSE: RBT). During the past 12 months, Rubicon Technologies Inc. has had a low of $0.25 and a high of $7.94. The fifty day moving average price for RBT is $0.5882 and a two-hundred day moving average price translates $1.1198 for the stock.
The latest earnings results from Rubicon Technologies Inc. (NYSE: RBT) was released for Jun, 2023. The net profit margin was -4.30% and return on equity was 11.90% for RBT. The company reported revenue of $174.56 million for the quarter, compared to $164.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.05 percent. For the current quarter, analysts expect RBT to generate $175.98M in revenue.
