(RMBL) RumbleON - Ratings and Ratios

RumbleOn, Inc. is a US-based company that operates in the powersports dealership and vehicle transportation services sectors. The companys Powersports segment is a multifaceted business that offers a wide range of products and services, including new and pre-owned vehicles, parts, apparel, accessories, finance and insurance products, and repair services. This diversification allows RumbleOn to cater to a broad customer base and generate revenue through various channels. The Vehicle Transportation Services segment provides asset-light transportation brokerage services, connecting automobile transporters with customers in need of these services.

From a business perspective, RumbleOns operations are characterized by a significant focus on the powersports industry, which is subject to fluctuations in consumer demand and preferences. The companys ability to adapt to these changes and maintain a competitive edge will be crucial to its future success. Additionally, RumbleOns asset-light transportation brokerage services model allows for scalability and flexibility, potentially enabling the company to capitalize on growth opportunities in the vehicle transportation market.

Analyzing the available , we observe that RumbleOns stock price has been trending downward, with the current price at $2.23, near its 52-week low. The SMA20, SMA50, and SMA200 indicators suggest a bearish trend, with the short-term moving averages below the long-term average. The ATR indicates a relatively high volatility of 11.98%. This technical setup may indicate a continued downward trend or a potential reversal, depending on future market dynamics.

Considering the , RumbleOns Market Cap stands at $85.18M USD, and the absence of a P/E ratio suggests that the company is currently unprofitable. The negative RoE of -102.71 further indicates significant losses. These fundamental metrics imply that the companys financial performance is a concern, and investors should be cautious when evaluating the stock.

Combining the insights from both technical and fundamental analyses, a possible forecast for RumbleOns stock price could be a continued decline in the short term, potentially testing new lows. However, if the company can demonstrate significant improvements in its financial performance and successfully adapt to the changing market landscape, a reversal could occur. Based on the current SMA20 and ATR, a potential support level could be around $2.00, while resistance may be encountered near $2.50. A break below $2.00 or above $2.50 could indicate a new direction for the stock price.