RumbleON (NASDAQ:RMBL – Get Rating) had its price objective dropped by investment analysts at B. Riley from $26.00 to $15.00 in a report released on Friday, The Fly reports. B. Riley’s target price suggests a potential upside of 107.47% from the company’s previous close.
Several other analysts have also weighed in on the stock. Robert W. Baird dropped their price objective on shares of RumbleON from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Friday, November 25th. TheStreet lowered shares of RumbleON from a “c-” rating to a “d+” rating in a report on Monday, February 27th.
RumbleON Stock Performance
NASDAQ RMBL opened at $7.23 on Friday. The firm has a market cap of $117.05 million, a price-to-earnings ratio of 2.42 and a beta of 2.30. The company has a 50 day moving average of $8.56 and a 200-day moving average of $11.44. The company has a current ratio of 1.49, a quick ratio of 0.33 and a debt-to-equity ratio of 0.78. RumbleON has a 1-year low of $5.89 and a 1-year high of $38.73.
Institutional Investors Weigh In On RumbleON
RumbleOn, Inc engages in the provision of motor vehicle dealer and e-commerce platforms. It operates through the following segments: Powersports, Automotive, and Vehicle Logistics and Transportation. The Powersports segment distributes pre-owned motorcycles and powersports vehicles. The Automotive segment focuses on the distribution of pre-owned cars and trucks.
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