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 $2.53, down 3.44% from the previous day, and has decreased 50.97% in one year. It has underperformed other stocks in the Auto & Truck Dealerships industry by 0.71 percentage points. Rumbleon stock is currently +29.74% from its 52-week low of $1.95, and -64.16% from its 52-week high of $7.06.
At the moment, there are 37.79M shares of RMBL outstanding. The market capitalization of RMBL is $95.60M. In the past 24 hours, 72,067 RMBL shares were traded.
How to Buy Rumbleon Stock
Wondering 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 tested dozens of stock brokerages and apps to help you determine where to buy Rumbleon 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 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 analysis website can help you understand 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 purchase RMBL shares at a specific price.
- Get the latest scoop on your RMBL position: Create a watchlist to track your position in Rumbleon shares.
Step 1: Decide where to buy Rumbleon stock
You will need a brokerage account to access the NASDAQ market and buy RMBL shares.
Our recommended brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by creating an account with eToro today. This offer is only for US users.
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 RMBL 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 Rumbleon stock
Once you have figured out the best place to buy Rumbleon stock, it's very important to analyze their stock prior to investing, so you can understand the risk and opportunity.
Rumbleon stock data
RMBL Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis.
You can see all of the due diligence checks on RMBL's stock page.
Is RMBL stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge RMBL's intrinsic value.
Using relative valuations metrics:
- RMBL may be undervalued based on its P/B ratio of 2.6x, relative to Auto & Truck Dealerships industry P/B ratio of 3.16x
You can access more valuation analysis on RMBL's stock here.
A quick look at RMBL Financials
Pros:
- There are more short-term assets than short-term liabilities on the RMBL balance sheet.
- RMBL profit margin has gone up from -15.8% to -6.5% in the past year.
Cons:
- RMBL earnings of -$14.70M is not enough to cover its interest payments.
- Total RMBL debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the RMBL balance sheet.
- RMBL's operating cash flow of $99.40M allows it to safely service it's debt of $590.80M.
- RMBL has a relatively high debt to equity ratio of 19.58.
Is RMBL stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Wall Street analysts who give recommendations on RMBL, the consensus analyst rating on Rumbleon is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Rumbleon stock forecast page.
RMBL Trading Indicators
RMBL Growth Numbers
Last year, RMBL revenue was $1.21B. During the past 5 year, RMBL's revenue has increased by 7.54% per year. This was slower than the Auto & Truck Dealerships industry average of 18.87%.
Learn more about RMBL's earnings and revenue performance here.
Are RMBL insiders buying or selling the stock?
Over the last 12 months, insiders at RMBL have bought more shares than they have sold.
Mark Alexander Cohen, Director of RMBL, was the latest RMBL insider to buy. They bought $1,460,211.94 worth of RMBL shares on Dec 19, 2024.
Research more about who owns RMBL stock here.
Can I get consistent income from RMBL stock?
No, Rumbleon doesn't provide an income stream by paying out dividends.
What others are saying about RMBL
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your RMBL trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to 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.
Hit the Open button and your broker will place the order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your RMBL position
Now that you own some shares in RMBL, you'll want to stay up-to-date on your new investment.
Make a watchlist to track the latest developments regarding your RMBL stock.
RMBL Feed
How to Buy Stock in Rumbleon
To reiterate, here are the 6 steps you need to take to buy Rumbleon stock right now:
- 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 are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Rumbleon, click the button below.
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