RumbleOn, Inc. (NASDAQ:RMBL – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,180,000 shares, a decline of 21.9% from the September 15th total of 1,510,000 shares. Based on an average trading volume of 164,900 shares, the short-interest ratio is presently 7.2 days.
Wall Street Analysts Forecast Growth
Separately, Wedbush cut their price objective on RumbleOn from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.
View Our Latest Analysis on RMBL
Institutional Investors Weigh In On RumbleOn
RumbleOn Trading Up 11.8 %
Shares of RumbleOn stock traded up $0.61 during trading hours on Tuesday, hitting $5.79. The company’s stock had a trading volume of 306,299 shares, compared to its average volume of 169,828. The business has a fifty day moving average of $4.31 and a 200 day moving average of $4.81. RumbleOn has a 1-year low of $3.13 and a 1-year high of $8.84. The company has a quick ratio of 0.27, a current ratio of 1.12 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $204.14 million, a PE ratio of -0.55 and a beta of 2.09.
RumbleOn (NASDAQ:RMBL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $336.80 million during the quarter, compared to analyst estimates of $386.05 million. RumbleOn had a negative net margin of 15.15% and a negative return on equity of 98.94%. During the same quarter in the prior year, the company posted $0.02 earnings per share. As a group, equities analysts forecast that RumbleOn will post -0.55 EPS for the current year.
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.
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