Rubicon Technologies Inc. (NYSE:RBT) saw an upside of 20.12% to close Monday at $0.68 after adding $0.11 on the day. The 5-day average trading volume is 4,480,980 shares of the company’s common stock. It has gained $0.7046 in the past week and touched a new high 1 time within the past 5 days. An average of 7,417,000 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,386,558.
RBT’s 1-month performance is -6.09% or -$0.0441 on its low of $0.5090 reached on 08/16/23. The company’s shares have touched a 52-week low of $0.25 and high of $6.50, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, RBT has lost -61.80% or -$1.1001 and has reached a new high 5 times. However, the current price is down -89.54% from the 52-week high price.
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Valuation Metrics
RBT stock has a beta of 1.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.27.
Rubicon Technologies Inc.’s quick ratio for the period ended June 30 was 0.70, with the current ratio over the same period at 0.70. In terms of profitability, the gross margin trailing 12 months is 4.40%. The trailing 12-month EBITDA margin is -36.66% while for the period ending June 30, Rubicon Technologies Inc.’s operating margin was -30.90%. The firm’s gross profit as reported stood at $27.55 million against revenue of $675.39 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 98.18% to -$13.2 million, while revenue of -$3.13 million was 76.29% off the previous quarter. Analysts expected RBT to announce -$0.25 per share in earnings in its latest quarter, but it posted -$0.12, representing a 52.00% surprise. EBITDA for the quarter stood at more than -$9.4 million. RBT stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 336.27 million, with total debt at $145.41 million. Shareholders hold equity totaling $292.03 million.
Let’s look briefly at Rubicon Technologies Inc. (RBT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 45.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 218.44%.
The stock’s 5-day moving average is $0.5868, reflecting a -4.48% or -$0.0319 change from its current price. RBT is currently trading -10.37% above its 20-day SMA, +4.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +55.76% and SMA200 by-68.52%.
Stochastic %K and %D was 7.07% and 5.14% and the average true range (ATR) pointed at 0.1836. The RSI (14) points at 47.90%, while the 14-day stochastic is at 14.00% with the period’s ATR at 0.1825. The stock’s 9-day MACD Oscillator is pointing at -0.0793 and -0.3098 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Rubicon Technologies Inc. (NYSE: RBT), Cantor Fitzgerald launched coverage with an Overweight rating. Analysts offering their rating for RBT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate RBT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is RBT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.40 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for Rubicon Technologies Inc. (RBT) stock is $2.47.
