How to Buy Rumbleon Stock
Rumbleon 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.
Rumbleon stock last closed at $4.88, down 1.61% from the previous day, and has decreased 30.93% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.13 percentage points. Rumbleon stock is currently +1.24% from its 52-week low of $4.82, and -63.91% from its 52-week high of $13.52.
At the moment, there are 35.2M RMBL shares outstanding. The market value of RMBL is $171.79M. In the last 24 hours, 127,093 RMBL shares were traded.
How to Buy Rumbleon Stock
Not sure how to invest in Rumbleon stock? Here's how.
- Decide where to buy Rumbleon stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Rumbleon stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your info.
- Research Rumbleon stock: The Rumbleon ticker symbol is RMBL. Is Rumbleon stock a good investment? Should you buy shares of RMBL? How do RMBL's underlying business fundamentals look? Do top analysts think Rumbleon is a good buy? Why has RMBL's stock price moved recently? (Hint: Our stock market research tools can help you figure out if RMBL is a good stock to buy).
- Place your RMBL trade: Decide if you will purchase RMBL shares at the current market price or use a limit order to buy RMBL stock at a specific price.
- Get the latest scoop on your RMBL position: Create a watchlist to the latest updates on your investment in Rumbleon shares.
Step 1: Decide where to buy Rumbleon stock
You need a brokerage account in order to access the NASDAQ market and buy RMBL shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy RMBL today.
How to Open a New Investment 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.
- Enter your personal info to create a new trading account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on our top ranked stock market app, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Research Rumbleon stock
Once you have figured out the best place to buy Rumbleon stock, it's crucial to research their stock before you invest, so you can understand the risk as well as the upside.
Rumbleon Metrics
Rumbleon Zen Score
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on RMBL's stock page.
What is the fair value of RMBL stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge RMBL's fair value.
Using relative valuations measures:
- RMBL could be undervalued based on its P/B ratio of 1.63x, relative to Auto & Truck Dealerships industry P/B ratio of 2.38x
You can do additional valuation analysis on RMBL's stock here.
A look at RMBL Cashflows and Balance Sheet
Pros:
- RMBL profit margin has gone up from -17.9% to -15.8% in the past year.
- There are more short-term assets than short-term liabilities on the RMBL balance sheet.
- RMBL has cash burn of 51300000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the RMBL balance sheet.
- RMBL has $77.00M in cash and short term investments. This is enough to cover its annual cash burn of $51.30M.
Cons:
- RMBL has a relatively high debt to equity ratio of 7.77.
- Total RMBL debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Rumbleon stock, according to analysts?
Out of 3 Equities analysts who give recommendations on RMBL, the consensus analyst rating on Rumbleon is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Rumbleon stock forecast page.
RMBL Momentum
RMBL Performance Metrics
Last year, RMBL revenue was $1.37B. In the past five year, RMBL's revenue has grown by 54.27% per year. This was faster than the Auto & Truck Dealerships industry average of 18.6%.
Dig into RMBL's earnings and revenue performance here.
Latest Insiders Trades at RMBL
Over the past 12 months, executives and large shareholders at RMBL have bought more shares than they have sold.
William Coulter, Director of RMBL, was the latest RMBL insider to buy. They bought $4,734,521.00 worth of RMBL shares on Dec 8, 2023.
Dig into more about who owns RMBL shares here.
Can I rely on RMBL as an income stream?
No, Rumbleon doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your RMBL trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact price limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you need additional assistance investing in stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your RMBL position
Now that you own some RMBL shares, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to keep tabs on your RMBL stock.
RMBL Feed
How to Buy Stock in Rumbleon
To reiterate, here are the 6 steps for buying Rumbleon stock:
- Decide where to buy Rumbleon stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Rumbleon stock
- Place your RMBL trade
- Get the latest scoop on your RMBL position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Rumbleon, add RMBL to your watchlist below.
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