The closing price of Rubicon Technologies Inc (NYSE: RBT) was $0.65 for the day, down -16.86% from the previous closing price of $0.78. In other words, the price has decreased by -$0.1315 from its previous closing price. On the day, 2250818 shares were traded.
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 0.68 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 Jan 10 ’24 when Palantir Technologies Inc. sold 19,700 shares for $1.29 per share. The transaction valued at 25,393 led to the insider holds 5,365,794 shares of the business.
Palantir Technologies Inc. sold 28,353 shares of RBT for $39,005 on Jan 09 ’24. The 10% Owner now owns 5,385,494 shares after completing the transaction at $1.38 per share. On Jan 08 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 42,106 shares for $1.38 each. As a result, the insider received 58,296 and left with 5,413,847 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 27.49M and an Enterprise Value of 173.13M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04. Its current Enterprise Value per Revenue stands at 0.25 whereas that against EBITDA is -3.94.
Stock Price History:
Over the past 52 weeks, RBT has reached a high of $13.84, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.1616, while the 200-Day Moving Average is calculated to be 2.7998.
Shares Statistics:
RBT traded an average of 322.97K shares per day over the past three months and 757.66k shares per day over the past ten days. A total of 39.64M shares are outstanding, with a floating share count of 25.23M. Insiders hold about 40.49% of the company’s shares, while institutions hold 12.84% stake in the company. Shares short for RBT as of Feb 15, 2024 were 434.56k with a Short Ratio of 1.35, compared to 546.21k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.03% and a Short% of Float of 1.13%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.35 for the current quarter, with a high estimate of -$0.33 and a low estimate of -$0.37, while EPS last year was -$0.4. The consensus estimate for the next quarter is -$0.27, with high estimates of -$0.21 and low estimates of -$0.34.
Analysts are recommending an EPS of between -$0.78 and -$1.32 for the fiscal current year, implying an average EPS of -$1.05. EPS for the following year is -$0.6, with 2 analysts recommending between -$0.15 and -$1.05.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $182.3M to a low estimate of $179.6M. As of the current estimate, Rubicon Technologies Inc’s year-ago sales were $181.1M, an estimated decrease of -0.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $186.7M, an increase of 7.00% over than the figure of -$0.10% in the same quarter last year. There is a high estimate of $190.3M for the next quarter, whereas the lowest estimate is $183.1M.
A total of 2 analysts have provided revenue estimates for RBT’s current fiscal year. The highest revenue estimate was $769.3M, while the lowest revenue estimate was $733.4M, resulting in an average revenue estimate of $751.35M. In the same quarter a year ago, actual revenue was $697.58M, up 7.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $829.9M in the next fiscal year. The high estimate is $853.4M and the low estimate is $806.4M. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
