Daily Market Movement: Rubicon Technologies Inc (RBT) Sees a -0.97 Decrease, Closing at 0.24

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The closing price of Rubicon Technologies Inc (NYSE: RBT) was $0.24 for the day, down -0.97% from the previous closing price of $0.24. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 0.51 million shares were traded. RBT stock price reached its highest trading level at $0.26 during the session, while it also had its lowest trading level at $0.234.

Ratios:

Our analysis of RBT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on September 30, 2022, initiated with a Overweight rating and assigned the stock a target price of $5.

On September 19, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $10.

On September 09, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $10.Canaccord Genuity initiated its Buy rating on September 09, 2022, with a $10 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 24 ’24 when Palantir Technologies Inc. sold 18,621 shares for $0.37 per share. The transaction valued at 6,972 led to the insider holds 5,233,625 shares of the business.

Palantir Technologies Inc. sold 18,471 shares of RBT for $6,792 on Apr 23 ’24. The Former 10% Owner now owns 5,252,246 shares after completing the transaction at $0.37 per share. On Apr 22 ’24, another insider, Palantir Technologies Inc., who serves as the Former 10% Owner of the company, sold 3,200 shares for $0.34 each. As a result, the insider received 1,089 and left with 5,270,717 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, RBT now has a Market Capitalization of 12616017 and an Enterprise Value of 290933824. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02. Its current Enterprise Value per Revenue stands at 0.417 whereas that against EBITDA is -6.442.

Stock Price History:

The Beta on a monthly basis for RBT is 1.58, which has changed by -0.9358696 over the last 52 weeks, in comparison to a change of 0.2704494 over the same period for the S&P500. Over the past 52 weeks, RBT has reached a high of $13.84, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of the stock is -47.94%, while the 200-Day Moving Average is calculated to be -88.91%.

Shares Statistics:

RBT traded an average of 502.85K shares per day over the past three months and 761110 shares per day over the past ten days. A total of 39.64M shares are outstanding, with a floating share count of 26.27M. Insiders hold about 49.86% of the company’s shares, while institutions hold 11.27% stake in the company. Shares short for RBT as of 1714435200 were 343978 with a Short Ratio of 0.68, compared to 1711584000 on 463544. Therefore, it implies a Short% of Shares Outstanding of 343978 and a Short% of Float of 1.23000005.

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