Rubicon Technologies Inc. (NYSE:RBT) finished Thursday with a subtraction of -$0.22 to close at $0.72, a downside of -23.21 percent. An average of 8,699,840 shares of common stock have been traded in the last five days. There was a fall of -$0.9065 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 11,217,455 shares traded, while the 50-day average volume stands at 5,137,154.
RBT stock has increased by 119.71% in the last month. The company shares reached their 1-month lowest point of $0.2800 on 07/11/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $0.25 and a high of $10.02 in 52 weeks. It has reached a new high 5 times so far this year and lost -59.35% or -$1.0565 in price. In spite of this, the price is down -92.78% from the 52-week high.
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Valuation Metrics
Rubicon Technologies Inc. (RBT) stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32.
Financial Health
The quick ratio of Rubicon Technologies Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Rubicon Technologies Inc.’s EBITDA margin for the year ending June 29 is -36.66%. Its gross profit as reported stood at $27.55 million compared to revenue of $675.39 million.
Earnings Surprise
For the three-month period that ended June 29, Rubicon Technologies Inc. had $64.23 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$3.13 million in the quarter, while revenues of -$11.53 million were grew 81.79%. The analyst consensus anticipated Rubicon Technologies Inc.’s latest quarter earnings to come in at -$0.25 per share, but it turned out to be -$0.12, a 52.00% surprise. For the quarter, EBITDA amounted to $0.26 million. Shareholders own equity worth $191.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rubicon Technologies Inc. (RBT) price momentum. RSI 9-day as of the close on 10 August was 42.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 404.58%.
As of today, RBT’s price is $0.9811 -55.61% or -$0.9065 from its 5-day moving average. RBT is currently trading +104.03% higher than its 20-day SMA and -10.68% lower than its 100-day SMA. However, the stock’s current price level is +60.78% above the SMA50 and -62.32% below the SMA200.
The stochastic %K and %D were 27.48% and 39.22%, respectively, and the average true range (ATR) was 0.2706. With the 14-day stochastic at 7.66% and the average true range at 0.2268, the RSI (14) stands at 47.37%. The stock has reached -0.2321 on the 9-day MACD Oscillator while the 14-day reading was at -0.0764.
Analyst Ratings
Cantor Fitzgerald launched coverage on Rubicon Technologies Inc. (NYSE: RBT) in its analyst report released on September 30, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Rubicon Technologies Inc. (RBT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RBT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is RBT’s price target for the next 12 months?
Analysts predict a range of price targets between $1.40 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Rubicon Technologies Inc. (RBT) stock is $2.47.
