RMBL Stock Summary and Trading Ideas (Rumbleon - Class B | NASDAQ:RMBL)

RumbleON Inc is a USA-based online retailer that allows both consumers and dealers to Buy-Sell-Trade-Finance pre-owned motorcycles in an efficient, fast, transparent, and engaging experience. Its segments include power sports, automotive, and vehicle logistics. Powersports and automotive segments consist of the distribution of pre-owned vehicles. The Powersports segment that derives the majority of revenue consists of the distribution principally of motorcycles and other powersports vehicles, while the automotive segment distributes cars and trucks. The vehicle Logistics and transportation service segment offers nationwide automotive transportation services between dealerships and auctions.

Rumbleon - Class B trades on the NASDAQ stock market under the symbol RMBL.

As of May 10, 2024, RMBL stock price declined to $5.79 with 121,626 million shares trading.

RMBL has a beta of 2.32, meaning it tends to be more sensitive to market movements. RMBL has a correlation of 0.08 to the broad based SPY ETF.

RMBL has a market cap of $204.07 million. This is considered a Small Cap stock.

Last quarter Rumbleon - Class B reported $308 million in Revenue and -$.29 earnings per share. This fell short of revenue expectation by $-21 million and exceeded earnings estimates by $.04.

In the last 3 years, RMBL stock traded as high as $48.45 and as low as $4.82.

The top ETF exchange traded funds that RMBL belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, BSVO.

RMBL has underperformed the market in the last year with a return of -37.0%, while the SPY ETF gained +27.8%. In the last 3 month period, RMBL fell short of the market, returning -10.6%, while SPY returned +4.2%. However, in the most recent 2 weeks RMBL has outperformed the stock market by returning +18.6%, while SPY returned +2.5%.

RMBL support price is $5.84 and resistance is $6.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RMBL stock will trade within this expected range on the day.