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Where Does Wall Street Think RumbleON Inc (RMBL) Stock Will Go?

Friday, May 27, 2022 01:01 PM | InvestorsObserver Analysts
Where Does Wall Street Think RumbleON Inc (RMBL) Stock Will Go?

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.

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. 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. Click Here to get the full Stock Report for RumbleON Inc stock.

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