InvestorsObserver is giving RumbleON Inc (RMBL) an Analyst Rating Rank of 72, meaning RMBL is ranked higher by analysts than 72% of stocks. The average price target for RMBL is $38.8 and analyst’s rate the stock as a Strong Buy.
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.
InvestorsObserver 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 trading at $16.47 as of 12:51 PM on Friday, May 27, a rise of $0.38, or 2.36% from the previous closing price of $16.09. The stock has traded between $15.92 and $16.52 so far today. Volume today is below average. So far 167,509 shares have traded compared to average volume of 268,738 shares.
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