In the latest session, RumbleON Inc (NASDAQ: RMBL) closed at $5.00 down -29.58% from its previous closing price of $7.10. In other words, the price has decreased by -$2.1000 from its previous closing price. On the day, 1528577 shares were traded. RMBL stock price reached its highest trading level at $6.3000 during the session, while it also had its lowest trading level at $4.9600.
Ratios:
For a deeper understanding of RumbleON Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 7.08 whereas as Long-Term Debt/Eq ratio is at 3.98.
On October 14, 2021, DA Davidson started tracking the stock assigning a Buy rating and target price of $47.
On September 15, 2021, Wedbush started tracking the stock assigning a Outperform rating and target price of $55.Wedbush initiated its Outperform rating on September 15, 2021, with a $55 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 08 ’23 when Stone House Capital Management bought 1,721,645 shares for $5.50 per share. The transaction valued at 9,469,048 led to the insider holds 6,398,144 shares of the business.
Tkach Mark bought 860,822 shares of RMBL for $4,734,521 on Dec 08 ’23. The 10% Owner now owns 6,402,566 shares after completing the transaction at $5.50 per share. On Dec 08 ’23, another insider, Coulter William, who serves as the Director of the company, bought 860,822 shares for $5.50 each. As a result, the insider paid 4,734,521 and bolstered with 6,321,489 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RMBL now has a Market Capitalization of 174.98M and an Enterprise Value of 926.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.48. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is -2.83.
Stock Price History:
Over the past 52 weeks, RMBL has reached a high of $13.52, while it has fallen to a 52-week low of $5.10. The 50-Day Moving Average of the stock is 7.1574, while the 200-Day Moving Average is calculated to be 7.7082.
Shares Statistics:
For the past three months, RMBL has traded an average of 177.00K shares per day and 273.35k over the past ten days. A total of 35.07M shares are outstanding, with a floating share count of 21.84M. Insiders hold about 37.71% of the company’s shares, while institutions hold 45.20% stake in the company. Shares short for RMBL as of Feb 29, 2024 were 907.76k with a Short Ratio of 5.13, compared to 950.26k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.59% and a Short% of Float of 3.19%.
Earnings Estimates
There are 3 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.51 for the current quarter, with a high estimate of -$0.46 and a low estimate of -$0.57, while EPS last year was -$17.8. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.22 and low estimates of -$0.29.
Analysts are recommending an EPS of between -$2.14 and -$3.31 for the fiscal current year, implying an average EPS of -$2.91. EPS for the following year is -$0.74, with 3 analysts recommending between -$0.26 and -$1.24.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $339.48M this quarter.It ranges from a high estimate of $350.3M to a low estimate of $328.87M. As of the current estimate, RumbleON Inc’s year-ago sales were $369.51M, an estimated decrease of -8.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $361.8M, an increase of 8.20% over than the figure of -$8.10% in the same quarter last year. There is a high estimate of $381.06M for the next quarter, whereas the lowest estimate is $340.5M.
A total of 5 analysts have provided revenue estimates for RMBL’s current fiscal year. The highest revenue estimate was $1.42B, while the lowest revenue estimate was $1.4B, resulting in an average revenue estimate of $1.41B. In the same quarter a year ago, actual revenue was $1.79B, down -21.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.54B in the next fiscal year. The high estimate is $1.58B and the low estimate is $1.47B. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.
