Analysts rate RumbleON Inc. (RMBL:NSD) with an Strong Buy rating and a $32 target

STA Research
by: STA Research
Rumble stock

Based on the RumbleON stock forecast from 4 analysts, the average analyst Rumble stock price target is USD 35.25 over the next 12 months. RumbleON Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of RMBL stock forecast is Bearish, which is based on 2 positive signals and 6 negative signals. At the last closing, RumbleON stock price was USD 22.24RumbleON stock price has changed by -0.93% over the past week, -4.71% over the past month and -33.79% over the last year.

 

About RumbleON Inc. (RMBL:NSD):

RumbleON, Inc. operates a technology-based omnichannel platform to aggregate and distribute pre-owned vehicles in North America. It operates through three segments: Powersports, Automotive, and Vehicle Logistics. The Powersports segment distributes motorcycles. The Automotive segment distributes cars and trucks. The Vehicle Logistics segment provides automotive transportation services between dealerships and auctions. Its platform offers ability to buy, sell, trade, and finance new and pre-owned vehicles online or in store for dealers and consumers. The company was formerly known as Smart Server, Inc. and changed its name to RumbleON, Inc. in February 2017. RumbleON, Inc. was incorporated in 2013 and is based in Irving, Texas.

 

Latest Analyst Ratings for  RMBL’s stock:

Target Up D.A. Davidson USD 34 2022-08-15
Target Down by Robert W Baird Outperform USD 30 » USD 25 2022-07-12
Maintains B. Riley Buy USD 41 » USD 38 2022-07-12
Maintains B. Riley Buy USD 53 » USD 41 2022-06-21
Target Lowered by B. Riley USD 70 » USD 53 2022-05-11
Target Raised by Robert W Baird USD 4 » USD 30 2022-05-11
Target Lowered by Wedbush USD 40 » USD 30 2022-05-11
Target Lowered by D.A. Davidson USD 41 » USD 31 2022-05-11
Target Down by Robert W Baird Outperform USD 52 » USD 45 2022-03-17
Target Lowered by D.A. Davidson USD 48 » USD 41 2022-03-17
Target STA Research Buy USD 39 2022-03-17
Target Lowered by Wedbush Outperform USD 55 » USD 40 2022-02-15
Target Raised by Robert W Baird Outperform USD 42 » USD 52 2021-11-16
Initiated by D.A. Davidson Buy USD 47 2021-10-14
Initiates Coverage On Wedbush Outperform USD 55 2021-09-15
Initiated by Wedbush Outperform 2021-09-14
Initiated by B. Riley Buy USD 70 2021-09-02
Initiated by Robert W Baird Outperform USD 42 2021-09-02
Target Raised by JMP Securities USD 51 » USD 70 2021-03-16
Target Raised by JMP Securities Outperform USD 30 » USD 51 2020-11-11
Target Raised by Aegis Capital Markets Buy USD 30 » USD 60 2020-11-10
Target Raised by JMP Securities Outperform USD 15 » USD 30 2020-08-17
Initiates Coverage On Aegis Capital Markets Buy USD 30 2020-07-28
Reiterates Maxim Group Hold 2019-11-15
Maintains B. Riley Buy USD 7 » USD 3 2019-11-14

 

 

What we like:

Underpriced compared to book value:

Rumble stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

 

What we don’t like:

High volatility:

The total returns for Rumble stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Poor capital utilization:

Rumble stock management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Highly leveraged:

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow:

The company had negative total cash flow in the most recent four quarters.

Overpriced on free cash flow basis:

Rumble stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth:

Rumble stock has shown below median earnings growth in the previous 5 years compared to its sector.

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