Rubicon Technologies Inc (NYSE: RBT)’s stock price has increased by 1.49 compared to its previous closing price of 0.35. However, the company has seen a -26.47% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-07 that Rubicon Technologies, Inc. (NYSE:RBT) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET
Is It Worth Investing in Rubicon Technologies Inc (NYSE: RBT) Right Now?
RBT has 36-month beta value of 1.72. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RBT is 26.27M, and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of RBT on May 06, 2024 was 427.21K shares.
RBT’s Market Performance
RBT stock saw a decrease of -26.47% in the past week, with a monthly decline of -7.02% and a quarterly a decrease of -73.13%. The volatility ratio for the week is 16.30%, and the volatility levels for the last 30 days are 13.10% for Rubicon Technologies Inc (RBT). The simple moving average for the last 20 days is -3.22% for RBT stock, with a simple moving average of -84.09% for the last 200 days.
Analysts’ Opinion of RBT
Many brokerage firms have already submitted their reports for RBT stocks, with Cantor Fitzgerald repeating the rating for RBT by listing it as a “Overweight.” The predicted price for RBT in the upcoming period, according to Cantor Fitzgerald is $5 based on the research report published on September 30, 2022 of the previous year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see RBT reach a price target of $10. The rating they have provided for RBT stocks is “Buy” according to the report published on September 19th, 2022.
Canaccord Genuity gave a rating of “Buy” to RBT, setting the target price at $10 in the report published on September 09th of the previous year.
RBT Trading at -28.01% from the 50-Day Moving Average
After a stumble in the market that brought RBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.40% of loss for the given period.
Volatility was left at 13.10%, however, over the last 30 days, the volatility rate increased by 16.30%, as shares sank -0.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.34% lower at present.
During the last 5 trading sessions, RBT fell by -26.36%, which changed the moving average for the period of 200-days by -93.55% in comparison to the 20-day moving average, which settled at $0.3720. In addition, Rubicon Technologies Inc saw -80.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RBT starting from Palantir Technologies Inc., who sale 18,621 shares at the price of $0.37 back on Apr 24 ’24. After this action, Palantir Technologies Inc. now owns 5,233,625 shares of Rubicon Technologies Inc, valued at $6,972 using the latest closing price.
Palantir Technologies Inc., the Former 10% Owner of Rubicon Technologies Inc, sale 18,471 shares at $0.37 during a trade that took place back on Apr 23 ’24, which means that Palantir Technologies Inc. is holding 5,252,246 shares at $6,792 based on the most recent closing price.
Stock Fundamentals for RBT
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.07 for the gross margin
The net margin for Rubicon Technologies Inc stands at -0.09. The total capital return value is set at 1.45. Equity return is now at value -189.87, with -26.65 for asset returns.
Based on Rubicon Technologies Inc (RBT), the company’s capital structure generated -1.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.4. The debt to equity ratio resting at -0.63. The interest coverage ratio of the stock is -2.81.
Currently, EBITDA for the company is -44.37 million with net debt to EBITDA at -2.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 4.86for trailing twelve months and the total asset turnover is 3.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To put it simply, Rubicon Technologies Inc (RBT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
