RumbleON, Inc. (RMBL) Stock: A Strong Pick In The technology Industry?

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RumbleON, Inc. (RMBL) is headed up in the market in today’s trading session. The stock, one that is focused in the tech space, is currently priced at $5.39 after heading up 5.69% so far today. As it relates to technology companies, there are quite a few aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with RMBL:

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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

However, any time investors are making an investing decision, investors should look into far more than just news, especially in the ever changing tech industry. Here’s what’s happing when it comes to RumbleON, Inc..

Returns That RMBL Investors Have Seen

Although a single session gain, like what we’re seeing from RumbleON, Inc. might make some investors happy, that by itself should not be the reason for a decision to, or not to, invest in a company. It is always smart to look into trends experienced by the stock for a period longer than a single trading session. As it relates to RMBL, below are the trends that investors have seen:

  • Past 5 Trading Sessions – Over the last seven days, RMBL has seen a change in price that amounts to -2.18%.
  • Past Month – The monthly ROI from RumbleON, Inc. works out to 2.47%.
  • Past Three Months – Throughout the past 3 months, the company has generated a return of 2.08%
  • Past Six Months – Throughout the last 6 months, we have seen a performance that equates to -49.63% from the stock.
  • YTD – Since the the last trading session of last year RMBL has produced a return on investment of 0.19%.
  • Full Year – Lastly, over the last year, investors have seen a change that works out to 11.13% out of RMBL. In this period, the stock has traded at a high price of -50.91% and a low of 49.72%.

Key Ratios

Looking at various ratios having to do with a stock generally gives prospective investors a view of just how risky and/or rewarding a pick may be. Here are a few of the important ratios to look at when digging into RMBL.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the stock is going to fall. Throughout the sector, strong technology stocks tend to carry a lower short ratio. On the other hand, we also see quite a few short squeezes in the space. Nonetheless, with regard to RumbleON, Inc., it’s short ratio clocks in at 5.61.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to pay for its debts when they come due based on current assets or quick assets. Because in tech, several companies rely on continued support from investors as they work to bring new technologies to market, the current and quick ratios can be bad. However, several gems in the technology industry come with great current and quick ratios. In terms of RMBL, the quick and current ratios total up to 2.00 and 2.90 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price. when it comes to RumbleON, Inc., the book to share value ratio equates to 0.89.

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

Investors Tend To Follow The Big Money

An interesting fact I have learned in my brief period on Earth has been that smart money tends to follow big money investors. In other words, investors that want to play it relatively safe will keep their eyes on trades made by institutions as well as those on the inside. With that said, how does the big money flow when it comes to RMBL? Here’s the data:

Institutions own 22.90% of the company. Institutional interest has moved by 305.08% over the past three months. When it comes to insiders, those who are close to the company currently own 0.70% percent of RMBL shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions Of RumbleON, Inc.

Although it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to use their thoughts to validate your own before making investment decisions in the tech space. Below you’ll find the most recent moves that we’ve seen from analysts as it relates to RMBL.

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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%.

A Look At Share Counts

Investors seem to have a heavy interest in the counts of shares both available and outstanding. As it relates to RumbleON, Inc., there are currently 20.63M and there is a float of 13.21M. These data mean that of the total of 20.63M shares of RMBL that are out there today, 13.21M are able to be traded in the public space.

I also like to follow the short float. Think about it, if a high percentage of the float is shorted, the overall feeling among traders is that the equity is headed for a deep dive. When it comes to RMBL, the percentage of the float that is currently being sold short is 5.50%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. However, I’ve calculated that any short ratio over 26% is probably going to be a a play that could prove to be very risky.

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