RumbleOn (NASDAQ:RMBL) Issues Quarterly Earnings Results, Misses Expectations By $0.22 EPS

RumbleOn (NASDAQ:RMBL) announced its quarterly earnings data on Tuesday. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22), Zacks reports. RumbleOn had a negative return on equity of 122.45% and a negative net margin of 15.25%.

RumbleOn Trading Down 8.4 %

NASDAQ RMBL opened at $3.80 on Tuesday. RumbleOn has a one year low of $3.13 and a one year high of $7.69. The company has a 50-day simple moving average of $4.41 and a 200-day simple moving average of $4.94. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.29 and a current ratio of 1.12. The firm has a market capitalization of $134.41 million, a PE ratio of -0.45 and a beta of 2.17.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. B. Riley lowered shares of RumbleOn from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a report on Friday, November 29th. DA Davidson reissued a “neutral” rating and set a $5.00 price objective (down from $7.50) on shares of RumbleOn in a report on Tuesday, January 14th.

About RumbleOn

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.