RumbleOn (NASDAQ:RMBL) Trading Up 0.6% – Should You Buy?

RumbleOn, Inc. (NASDAQ:RMBL)’s stock price rose 0.6% during trading on Monday . The stock traded as high as $5.34 and last traded at $5.22. Approximately 144,414 shares traded hands during trading, a decline of 11% from the average daily volume of 162,887 shares. The stock had previously closed at $5.19.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research report on Friday, November 29th.

RumbleOn Stock Up 8.2 %

The company has a debt-to-equity ratio of 2.52, a current ratio of 1.12 and a quick ratio of 0.29. The stock has a market capitalization of $199.85 million, a P/E ratio of -0.67 and a beta of 2.23. The stock’s fifty day moving average is $5.71 and its two-hundred day moving average is $4.83.

RumbleOn (NASDAQ:RMBL) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). RumbleOn had a negative net margin of 15.25% and a negative return on equity of 122.45%. The firm had revenue of $295.00 million for the quarter, compared to analyst estimates of $302.76 million. During the same quarter in the prior year, the firm earned ($0.71) EPS. As a group, research analysts predict that RumbleOn, Inc. will post -0.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RumbleOn

A number of large investors have recently added to or reduced their stakes in RMBL. Rhumbline Advisers boosted its stake in RumbleOn by 3,910.5% during the 2nd quarter. Rhumbline Advisers now owns 19,772 shares of the company’s stock valued at $81,000 after purchasing an additional 19,279 shares during the period. Barclays PLC boosted its position in shares of RumbleOn by 278.7% in the third quarter. Barclays PLC now owns 21,278 shares of the company’s stock valued at $102,000 after acquiring an additional 15,660 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of RumbleOn by 35.9% in the second quarter. Dimensional Fund Advisors LP now owns 29,182 shares of the company’s stock worth $120,000 after acquiring an additional 7,704 shares during the last quarter. Magnus Financial Group LLC bought a new position in RumbleOn during the second quarter worth $127,000. Finally, Bank of New York Mellon Corp acquired a new position in RumbleOn during the 2nd quarter valued at $182,000. Institutional investors own 66.14% of the company’s stock.

RumbleOn Company Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.