RumbleON, Inc. (RMBL) Stock: Is This Technology Stock Worth Your Attention?

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RumbleON, Inc. (RMBL) is trending up in the market in today’s trading session. The stock, one that is focused on the technology space, is currently priced at $3.93 after climbing 5.65% so far in today’s session. In terms of technology companies, there are several factors that have the ability to generate gains in the market. One of the most common is news. Here are the recent trending headlines centered around RMBL:

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Aug-19-19 09:54AM Edited Transcript of RMBL earnings conference call or presentation 13-Aug-19 12:30pm GMT
Aug-15-19 08:17AM 3 Stocks Under $15 With Massive Upside Potential
Aug-14-19 04:15PM RumbleOn Smashes Records at Companys Most Successful Sturgis Rally, Announces Completion of 300,000 Cash Offer Milestone
Aug-13-19 06:30AM RumbleON, Inc. to Host Earnings Call
Aug-12-19 09:30PM RumbleOn Reports Record Second Quarter 2019 Results

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

Returns That RMBL Investors Have Seen

Although a gain in a single session, like what we’re seeing from RumbleON, Inc. might lead to excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always important to dig into trends experienced by the stock further out than a single session. In the case of RMBL, below are the returns that we have seen:

  • Past 5 Trading Sessions – In the last seven days, RMBL has produced a change in price amounting to 3.42%.
  • Past Month – The performance from RumbleON, Inc. over the past month works out to -6.87%.
  • Past Quarter – In the last quarter, the company has generated a ROI that comes to -17.95%
  • Past 6 Months – In the last 6 months, investors have seen a change that amounts to -29.44% from the company.
  • Year To Date – Since the the last trading session of last year RMBL has resulted in a return of -26.95%.
  • Full Year – Finally, over the past full year, we’ve seen movement in the amount of -38.50% out of RMBL. In this period of time, the stock has sold at a high of -64.21% and a low of 12.61%.

Notable Ratios

Digging into a few key ratios having to do with a stock can provide prospective investors an understanding of how risky and/or rewarding a an investment option might be. Here are a few of the key ratios to think about when digging into RMBL.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to fall. Throughout the sector, strong technology stocks tend to come with a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, in relation to RumbleON, Inc., it’s short ratio clocks in at 30.55.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to cover its debts when they come due based on quick assets or current assets. Because in tech, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem damning. Nonetheless, several good picks in the tech sector come with good quick and current ratios. In terms of RMBL, the quick and current ratios come to 0.40 and 1.20 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the price of shares. In this particular case, that ratio is 1.56.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. When it comes to RMBL, the cash to share value is 0.58.

Investors Tend To Follow The Big Money

One thing I’ve come to understand so far in my brief time here has been that smart investors tend to follow the moves made by big money players. That is to say, investors that are looking to play it relatively safe will keep their eyes on trades made by institutional investors as well as those on the inside. So, is big money interested in regard to RMBL? Here’s the scoop:

Institutions own 34.20% of the company. Institutional interest has moved by 52.07% over the past three months. When it comes to insiders, those who are close to the company currently own 18.30% percent of RMBL shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Think About RumbleON, Inc.

Although it’s not a smart idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own before making investment decisions in the tech sector. Below you’ll find the most recent moves that we have seen from analysts when it comes to RMBL.

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Jul-30-19 Initiated JMP Securities Mkt Outperform $10
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

What We’ve Seen In earnings results

What have ween seen from RMBL in terms of financial results?Here’s the information:

  • Analyst Expectations – At the moment, Wall Street analysts expect that RumbleON, Inc. will create earnings per diluted share in the amount of -0.87, with -0.34 to be announced in the earnings report for the current quarter. Although this isn’t based on earnings, since we’re talking on the topic of Wall Street analysts, RMBL is currently rated a 2.00 considering a scale that ranges from 1 to 5 where 1 is the worst possible Wall St. analyst rating and 5 is the best.
  • 5-Year Sales – Over the last half decade, RumbleON, Inc. has reported a change in revenue that works out to 0. Earnings per diluted share over the last half decade have generated a change of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally represented in today’s society, RMBL has created a change in earnings that amounts to -60.60%. RMBL has also experienced movement in terms of revenue that adds up to 2662.00%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 21.58M shares of RumbleON, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, RMBL has a float of 14.53M.

It’s also important to pay attention to the short percentage of the float. Think about it, if a large portion of the float available for trading is sold short, the overall feeling in the market is that the stock is headed for a dive. In regard to RMBL, the percentage of the float that is currently being sold short is 10.16%. Most investors would say that a high short percent of the float is anything over 40%. Through my work, I have calculated that any short ratio over 26% is generally a a play that could prove to be very risky.

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