Wall Street is positive on RumbleON Inc (RMBL). On average, analysts give the stock a Strong Buy rating. The average price target is $30, which means analysts expect the stock to decrease by -25.93% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With RumbleON Inc Stock Today?
RumbleON Inc (RMBL) stock is up 4.52% while the S&P 500 has fallen -0.5% as of 10:22 AM on Tuesday, Nov 10. RMBL has gained $1.75 from the previous closing price of $38.75 on volume of 65,563 shares. Over the past year the S&P 500 has risen 14.44% while RMBL has fallen -12.34%. RMBL lost -$30.26 per share the over the last 12 months.
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