RumbleON Inc (NASDAQ: RMBL)’s stock price has increased by 11.45 compared to its previous closing price of 4.89. However, the company has seen a 8.13% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that RumbleON, Inc. (RMBL) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.05 per share a year ago.
Is It Worth Investing in RumbleON Inc (NASDAQ: RMBL) Right Now?
The stock has a 36-month beta value of 2.11. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RMBL is 21.84M, and at present, short sellers hold a 4.46% of that float. On May 09, 2024, the average trading volume of RMBL was 163.03K shares.
RMBL’s Market Performance
The stock of RumbleON Inc (RMBL) has seen a 8.13% increase in the past week, with a -7.94% drop in the past month, and a -14.84% fall in the past quarter. The volatility ratio for the week is 5.69%, and the volatility levels for the past 30 days are at 6.43% for RMBL. The simple moving average for the past 20 days is 3.75% for RMBL’s stock, with a -18.51% simple moving average for the past 200 days.
Analysts’ Opinion of RMBL
DA Davidson, on the other hand, stated in their research note that they expect to see RMBL reach a price target of $47. The rating they have provided for RMBL stocks is “Buy” according to the report published on October 14th, 2021.
Wedbush gave a rating of “Outperform” to RMBL, setting the target price at $55 in the report published on September 15th of the previous year.
RMBL Trading at -9.87% from the 50-Day Moving Average
After a stumble in the market that brought RMBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.69% of loss for the given period.
Volatility was left at 6.43%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares sank -6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.10% lower at present.
During the last 5 trading sessions, RMBL rose by +8.13%, which changed the moving average for the period of 200-days by -40.89% in comparison to the 20-day moving average, which settled at $5.23. In addition, RumbleON Inc saw -33.05% 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 RMBL starting from Stone House Capital Management, who purchase 1,721,645 shares at the price of $5.50 back on Dec 08 ’23. After this action, Stone House Capital Management now owns 6,398,144 shares of RumbleON Inc, valued at $9,469,048 using the latest closing price.
Tkach Mark, the 10% Owner of RumbleON Inc, purchase 860,822 shares at $5.50 during a trade that took place back on Dec 08 ’23, which means that Tkach Mark is holding 6,402,566 shares at $4,734,521 based on the most recent closing price.
Stock Fundamentals for RMBL
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.26 for the gross margin
The net margin for RumbleON Inc stands at -0.16. The total capital return value is set at -0.02. Equity return is now at value -146.12, with -21.48 for asset returns.
Based on RumbleON Inc (RMBL), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 6.04. The interest coverage ratio of the stock is -0.25.
Currently, EBITDA for the company is 12.6 million with net debt to EBITDA at -25.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 27.4for trailing twelve months and the total asset turnover is 1.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.10.
Conclusion
To sum up, RumbleON Inc (RMBL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
