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RumbleON Inc (RMBL) Stock: Do Analysts Think You Should Accumulate?

Wednesday, May 18, 2022 01:44 PM | InvestorsObserver Analysts
RumbleON Inc (RMBL) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow RumbleON Inc (RMBL) on average expect it to gain 165.09% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns RMBL an Analyst Ranking of 72, which means it ranks higher than 72 of stocks, based on data compiled by InvestorsObserver.

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?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With RumbleON Inc Stock Today?

RumbleON Inc (RMBL) stock is trading at $16.90 as of 1:43 PM on Wednesday, May 18, a decline of -$2.20, or -11.52% from the previous closing price of $19.10. The stock has traded between $16.80 and $18.64 so far today. Volume today is less active than usual. So far 127,666 shares have traded compared to average volume of 227,113 shares. Click Here to get the full Stock Report for RumbleON Inc stock.

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