In the last trading session, 2.13 million RumbleON Inc (NASDAQ:RMBL) shares changed hands as the company’s beta touched 1.64. With the company’s per share price at $2.14 changed hands at -$0.13 or -5.73% during last session, the market valuation stood at $81.02M. RMBL’s last price was a discount, traded about -229.91% off its 52-week high of $7.06. The share price had its 52-week low at $1.46, which suggests the last value was 31.78% up since then. When we look at RumbleON Inc’s average trading volume, we note the 10-day average is 0.3 million shares, with the 3-month average coming to 142.03K.
Analysts gave the RumbleON Inc (RMBL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RMBL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
RumbleON Inc (NASDAQ:RMBL) trade information
Instantly RMBL was in red as seen at the end of in last trading. With action 3.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -48.31%, with the 5-day performance at 3.38% in the green. However, in the 30-day time frame, RumbleON Inc (NASDAQ:RMBL) is 22.29% up. Looking at the short shares, we see there were 2.24 million shares sold at short interest cover period of 13.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 57.2% from its current market value. According to analyst projections, RMBL’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -133.64% plunge from its current level, while the stock would need to soar -133.64% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 44.05%. The 2025 estimates are for RumbleON Inc earnings to increase by 70.42%.
RMBL Dividends
RumbleON Inc is expected to release its next quarterly earnings report on 2025-May-07.
RumbleON Inc (NASDAQ:RMBL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 43.83% of RumbleON Inc shares while 45.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.03%. There are 45.51% institutions holding the RumbleON Inc stock share, with STONE HOUSE CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 18.1877% of the shares, roughly 6.4 million RMBL shares worth $26.26 million.
NANTAHALA CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 12.5426% or 4.42 million shares worth $18.11 million as of 2024-06-30.
