Maxim Group analyst Nehal Chokshi maintained a Hold rating on RumbleON Inc (RMBL) yesterday. The company’s shares closed yesterday at $4.23, close to its 52-week low of $4.01.
Chokshi observed:
“Consumer vs. dealer gross profit per unit data from 10-K shows the potential of RMBL… … If sales to consumer ramps to majority of sales. Maintain Hold rating.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 5.1% and a 49.5% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Currently, the analyst consensus on RumbleON Inc is a Moderate Buy with an average price target of $9.25.
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The company has a one-year high of $10.98 and a one-year low of $4.01. Currently, RumbleON Inc has an average volume of 127.4K.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RMBL in relation to earlier this year.
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RumbleOn, Inc. operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It operates through the Vehicle Distribution, and Vehicle Logistics Transportation business segments.
