After finishing at $0.61 in the prior trading day, Rubicon Technologies Inc (NYSE: RBT) closed at $0.57, down -7.15%. In other words, the price has decreased by -$0.0438 from its previous closing price. On the day, 643189 shares were traded.
Ratios:
Our goal is to gain a better understanding of RBT by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 24.12M and an Enterprise Value of 169.76M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03. Its current Enterprise Value per Revenue stands at 0.24 whereas that against EBITDA is -3.86.
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 $0.50. The 50-Day Moving Average of the stock is 1.0491, while the 200-Day Moving Average is calculated to be 2.7152.
Shares Statistics:
The stock has traded on average 365.04K shares per day over the past 3-months and 751.83k shares per day over the last 10 days, according to various share statistics. 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 29, 2024 were 642.61k with a Short Ratio of 1.76, compared to 586.78k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.52% and a Short% of Float of 1.67%.
Earnings Estimates
Its stock is currently analyzed by 2 different market 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
2 analysts predict $180.95M in revenue for the current quarter. 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.
