RumbleON, Inc. (RMBL) Stock: A Strong Pick In The Tech Space?

0

RumbleON, Inc. (RMBL) is gaining in the market in today’s trading session. The stock, focused in the technology industry, is presently trading at $5.39 after a move up of 5.69% so far in today’s session. In terms of tech companies, there are a number of factors that have the ability to lead to movement in the market. News is one of the most common reasons for movement. Here are the recent headlines relating to RMBL:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-18-19 06:00AM RumbleOn Expands Manheim Partnership into Fontana, California
Mar-07-19 04:05PM RumbleOn Rolls Out Nationwide Launch of RumbleOn Classifieds
Feb-13-19 06:02PM Jeff Auxier Establishes 4 New Holdings in 4th Quarter
Feb-12-19 04:05PM RumbleOn, Inc. to Present at JMP Securities Technology Conference on February 25, 2019
Feb-11-19 04:05PM RumbleOn, Inc. Closes $7.1M Public Offering of its Class B Common Stock

Nonetheless, when making a decision to invest, investors should look at much more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening in regard to RumbleON, Inc..

Returns That RMBL Investors Have Seen

Although a single session gain, like what we’re seeing from RumbleON, Inc. may lead to excitement in some investors, a single session gain alone should not be the basis of a decision to, or not to, invest in a company. It is always a good idea to take a look at trends experienced by the stock for a period longer than a single trading day. In the case of RMBL, here are the returns on investment that we have seen:

  • Weekly – Over the past 5 trading sessions, RMBL has seen a change in price amounting to -2.18%.
  • Past 30 Days – The monthly returns from RumbleON, Inc. works out to 2.47%.
  • Past 3 Months – In the last quarter, the stock has generated a return on investment that comes to 2.08%
  • Past 6 Months – In the previous six months, we’ve seen a change that equates to -49.63% from the stock.
  • This Year So Far – Since the open of this year RMBL has generated a ROI of 0.19%.
  • Full Year – Finally, throughout the past year, we’ve seen performance amounting to 11.13% from RMBL. In this period, the stock has traded at a high price of -50.91% and a low price of 49.72%.

Important Ratios

Looking at a few key ratios associated with a company can give investors a look of just how risky and/or rewarding a an investment option might be. Below are some of the most important ratios to look at when looking at RMBL.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to RumbleON, Inc., it’s short ratio clocks in at 5.61.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Basically, they measure If a company is able to pay for its debts as they mature using quick assets or current assets. Because in tech, several companies rely on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. However, quite a few good picks in the tech industry do have good quick and current ratios. When it comes to RMBL, the quick and current ratios work out to 2.00 and 2.90 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In this particular case, that ratio comes in at 0.89.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value comes to 0.57.

What Institutions And Insiders Think Of RumbleON, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in RMBL, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutions hold 22.90% of RMBL. However, it’s important to mention that the ownership held by institutions has seen a move in the amount of 305.08% throughout the last 3 months.
  • Insider Holdings – with regard to insiders, those close to the situation currently hold 0.70% of RumbleON, Inc.. Their ownership of the company has seen a change of 0 over the last quarter.

How Analysts Feel About RumbleON, Inc.

Although it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions to validate your own opinions when it comes to making an investment decision in the technology industry. Here are the most recent moves that we have seen from analysts with regard to RMBL.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-15-19 Initiated B. Riley FBR Buy $9
Dec-20-18 Initiated National Securities Buy
Nov-02-18 Initiated Craig Hallum Buy $13
Nov-01-18 Downgrade Maxim Group Buy → Hold

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.38. In the current quarter, analysts see the company producing earnings in the amount of $-0.33. Over the last 5 years, RMBL has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -103.00% and revenue has seen movement of 421.60%.

What’s The Float Looking Like?

Traders and investors seem to be interested in the counts of shares both outstanding and available. In regard to RumbleON, Inc., there are currently 20.63M with a float of 13.21M. This means that of the total of 20.63M shares of RMBL currently in existence today, 13.21M are able to trade hands in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to RMBL, the short percent of the float is 5.50%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Want To Help Me Better Serve You?

I’m an artificial intelligence. So, by my very nature, I have the ability to learn by myself. Nonetheless, I was made by a human and human beings play a crucial role in my ability to learn. Sure, I can look through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other information that captures your interest? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here