Does RumbleON Inc (RMBL) Stock Have Analysts Confidence?

Tuesday, July 28, 2020 10:30 AM | InvestorsObserver Analysts

InvestorsObserver is giving RumbleON Inc (RMBL) an Analyst Rating Rank of 80, meaning RMBL is ranked higher by analysts than 80% of stocks. The average projection by analysts for RMBL is $7 over the next 12 months and analyst’s classify the stock as a Strong Buy

Overall Score - 5
Wall Street analysts are rating RMBL a Strong Buy today. Find out what this means to you and get the rest of the rankings on RMBL!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With RumbleON Inc Stock Today?

RumbleON Inc (RMBL) stock is higher by 7.93% while the S&P 500 is lower by -0.14% as of 10:19 AM on Tuesday, Jul 28. RMBL is higher by $1.61 from the previous closing price of $20.29 on volume of 258,083 shares. Over the past year the S&P 500 has gained 7.08% while RMBL is lower by -73.93%. RMBL lost -$43.05 per share the over the last 12 months.

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