RumbleON (NASDAQ:RMBL – Get Rating) announced its earnings results on Tuesday. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12, MarketWatch Earnings reports. RumbleON had a negative return on equity of 9.55% and a negative net margin of 1.04%. During the same period last year, the company posted ($1.54) EPS. RumbleON updated its FY 2022 guidance to EPS.
Shares of RumbleON stock traded down $1.23 on Wednesday, reaching $15.77. The company’s stock had a trading volume of 8,280 shares, compared to its average volume of 188,912. The company has a market capitalization of $252.02 million, a price-to-earnings ratio of -3.39 and a beta of 2.81. The firm’s fifty day simple moving average is $27.55 and its two-hundred day simple moving average is $34.04. RumbleON has a 52 week low of $16.32 and a 52 week high of $48.45. The company has a quick ratio of 0.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.66.
A number of research analysts recently weighed in on RMBL shares. Wedbush reduced their price objective on RumbleON from $40.00 to $30.00 in a research report on Wednesday. B. Riley reduced their price objective on RumbleON from $70.00 to $53.00 in a research report on Wednesday. DA Davidson reduced their price objective on RumbleON from $41.00 to $31.00 in a research report on Wednesday. Robert W. Baird raised their price objective on RumbleON to $30.00 in a research report on Wednesday. Finally, Zacks Investment Research raised RumbleON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, RumbleON presently has a consensus rating of “Buy” and an average target price of $36.00.
About RumbleON (Get Rating)
RumbleON, Inc operates an e-commerce platform that aggregates and distributes pre-owned vehicles to and from consumers and dealers in North America. It operates in three segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks.
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