As of Wednesday close, Rubicon Technologies Inc.’s (NYSE:RBT) stock was down -$0.04, moving down -5.66 percent to $0.55. The average number of shares traded per day over the past five days has been 3,087,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0564 fall in that time frame. In the last twenty days, the average volume was 5,511,115, while in the previous 50 days, it was 5,764,470.
Since last month, RBT stock retreated -54.68%. Shares of the company fell to $0.5090 on 08/16/23, the lowest level in the past month. A 52-week high of $5.51 was reached on 01/13/23 after having rallying from a 52-week low of $0.25. Since the beginning of this year, RBT’s stock price has dropped by -68.94% or -$1.2271, and marked a new high 5 times. However, the stock has declined by -89.97% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
RBT stock investors should be aware that Rubicon Technologies Inc. (RBT) stock had its last reported insider trading activity 76 days ago on Jun 16. Enrich Jose Miguel, the 10% Owner of the company, purchased of 240,154 shares for $0.42 on Jun 16. It resulted in a $100,000 investment by the insider. Chico Hernandez Andres added 555,555 shares at an average price of $0.90 on Mar 16. The insider now owns 681,183 shares following the transaction. On Mar 16, 10% Owner Enrich Jose Miguel bought 111,111 shares at $0.90 apiece. The transaction was valued at $100,000.
Financial Health
In the three months ended June 30, Rubicon Technologies Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 5.20% percent. In the year ended June 30, EBITDA margin amounted to -36.66%, whereas operating margins totaled -30.50%. Based on annual data, RBT earned $27.55 million in gross profit and brought in $675.39 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 144.00%. Return on equity (ROE) for the past 12 months was 16.00%.
In Rubicon Technologies Inc.’s quarter-end financial report for June 30, it reported total debt of $80.28 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RBT’s revenue rose 100.0% to $181.1 million during the quarter, while net income inched up to $174.56 million. While analysts expected Rubicon Technologies Inc. to report -$0.25 quarterly earnings, the actual figure was -$0.12 per share, beating the consensus estimate by 52.00%. During the quarter, the company generated -$9.4 million in EBITDA. The liabilities of Rubicon Technologies Inc. were 336.27 million at the end of its most recent quarter ended June 30, and its total debt was $145.41 million. The value of shareholders’ equity is $292.03 million.
Technical Picture
This quick technical analysis looks at Rubicon Technologies Inc.’s (RBT) price momentum. With a historical volatility rate of 129.74%, the RSI 9-day stood at 39.75% on 30 August.
With respect to its five-day moving average, the current Rubicon Technologies Inc. price is down by -9.26% percent or -$0.0564. At present, RBT shares trade -68.04% below its 20-day simple moving average and +9.03% percent above its 100-day simple moving average. However, the stock is currently trading approximately +31.96% above its SMA50 and -74.04% below its SMA200.
Stochastic coefficient K was 13.11% and Stochastic coefficient D was 12.29%, while ATR was 0.1268. Given the Stochastic reading of 13.26% for the 14-day period, the RSI (14) reading has been calculated as 43.68%. As of today, the MACD Oscillator reading stands at -0.0315, while the 14-day reading stands at -0.0444.
Analyst Ratings
Cantor Fitzgerald launched its rating on Rubicon Technologies Inc. (NYSE: RBT) to an Overweight in a note to investors on September 30, 2022. Rubicon Technologies Inc. (RBT) has been rated Buy by analysts. According to 0 brokerage firms, RBT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rubicon Technologies Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $1.40 – $3.00. Based on these forecasts, analysts predict Rubicon Technologies Inc. (RBT) will achieve an average price target of $2.47.
