How to Buy Ridenow Group Stock
Ridenow Group Inc
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.
Ridenow Group stock last closed at $3.21, up 60.5% from the previous day, and has decreased 6.14% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.27 percentage points. Ridenow Group stock is currently +119.86% from its 52-week low of $1.46, and -54.53% from its 52-week high of $7.06.
At the moment, there are 38.05M shares of RDNW outstanding. The market capitalization of RDNW is $122.15M. In the past 24 hours, 39.98M RDNW shares were traded.
How to Buy Ridenow Group Stock
Wondering how to invest in Ridenow Group stock? Here's how.
- Decide where to buy Ridenow Group stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Ridenow Group stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your info.
- Research Ridenow Group stock: The Ridenow Group ticker symbol is RDNW. Is Ridenow Group stock a good investment? Should you buy shares of RDNW? How do RDNW's underlying business fundamentals look? Do top analysts think Ridenow Group is a good buy? Why has RDNW's stock price moved recently? (Hint: Our stock market analysis website can help you understand if RDNW is a good stock to buy).
- Place your RDNW trade: Decide if you will purchase RDNW shares at the current market price or use a limit order to purchase RDNW shares at a specific price.
- Get the latest scoop on your RDNW position: Create a watchlist to track your position in Ridenow Group shares.
Step 1: Decide where to buy Ridenow Group stock
You will need a brokerage account to access the NASDAQ market and buy RDNW shares.
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- Security: eToro is a regulated and licensed brokerage platform.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal information so you can invest in RDNW today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create your new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on the best stock app to use, you can securely and quickly fund your account:
Watch this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Research Ridenow Group stock
Once you have figured out the best place to buy Ridenow Group stock, it's very important to analyze their stock prior to investing, so you can understand the risk and opportunity.
Ridenow Group stock data
RDNW Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis.
You can see all of the due diligence checks on RDNW's stock page.
Is RDNW stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge RDNW's intrinsic value.
You can access more valuation analysis on RDNW's stock here.
A look at RDNW Cashflows and Balance Sheet
Pros:
- RDNW profit margin has gone up from -15.1% to -9.9% in the past year.
- There are more short-term assets than short-term liabilities on the RDNW balance sheet.
Cons:
- Total RDNW debt is still negative.
- RDNW earnings of -$50.20M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the RDNW balance sheet.
- RDNW's operating cash flow of $74.20M allows it to safely service it's debt of $640.70M.
- RDNW debt to equity ratio of -152.55 is negative.
Is Ridenow Group stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who give recommendations on RDNW, the consensus analyst rating on RDNW is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Ridenow Group stock forecast page.
RDNW Revenue
Last year, RDNW revenue was $1.11B. Over the last five year, RDNW's revenue has increased by 14% per year. This was slower than the Auto & Truck Dealerships industry average of 20.71%.
Dig into RDNW's earnings and revenue performance here.
Are RDNW insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at RDNW have bought more shares than they have sold.
Mark Alexander Cohen, Director of RDNW, was the latest RDNW insider to buy. They bought $1,460,211.94 worth of RDNW shares on Dec 19, 2024.
Get more info about who owns RDNW shares here.
Does RDNW stock generate passive income?
No, Ridenow Group doesn't provide an income stream by paying out dividends.
What others are saying about RDNW
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your RDNW trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and eToro will place the order.
If you require additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your RDNW position
Now that you own some shares in RDNW, you'll want to keep up with your new investment.
Start a watchlist to monitor your RDNW stock.
RDNW Feed
How to Buy Stock in Ridenow Group
To reiterate, here are the 6 steps for buying Ridenow Group stock:
- Decide where to buy Ridenow Group stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Ridenow Group stock
- Place your RDNW trade
- Get the latest scoop on your RDNW position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Ridenow Group, click below.
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