The stock of Rubicon Technologies Inc. (NYSE:RBT) decreased by -$0.07 on Tuesday to finish at $0.33, down -17.66 percent. The last five days have seen an average of 3,430,860 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$1.4489. The average number of shares traded over the last 20 days was 3,219,900, while the average volume over the last 50 days totaled 6,416,964.
RBT stock dropped -41.50% since last month. On 09/19/23, the company’s shares reached a one-month low of $0.2666. The stock touched a high of $4.07 on 01/13/23, after rallying from a low of $0.25 in 52 weeks. The price of RBT stock has declined by -81.40% or -$1.4489 this year, reaching a new high 5 times. Still, the stock price is down -91.86% from the 52-week high.
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Insider Transactions
RBT stock investors should be aware that Rubicon Technologies Inc. (RBT) stock had its last reported insider trading activity 14 days ago on Sep 06. On Sep 06, Director Chico Hernandez Andres acquired 687,000 shares at $0.52 each. This transaction resulted in the insider spending $355,660. On Jun 16, Enrich Jose Miguel added 240,154 shares at a price of US$0.42. After the transaction, the insider now owns 351,265 shares. Director Chico Hernandez Andres had earlier bought 555,555 shares on Mar 16 for $0.90 a share. The transaction was completed for $500,000.
Financial Health
For the three months ended June 29, Rubicon Technologies Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 5.20% percent. Rubicon Technologies Inc.’s EBITDA margin for the year ended June 29 was -36.66%, whereas its operating margin stood at -30.50% for the same period. Based on annual data, it had gross profit of $27.55 million and revenue of $675.39 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RBT’s return on assets (ROA) during the last 12 months has been -23.30%. There was a 144.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.00%.
Earnings Surprise
According to Rubicon Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $174.56 million, while revenues rose by 100.0% to $181.1 million. It was predicted that Rubicon Technologies Inc.’s quarterly earnings would be -$0.12, but it ended up being -$0.25, beating the consensus by 52.00%. EBITDA was -$9.4 million for the quarter. At the end of Rubicon Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 336.27 million, while its total debt was $145.41 million. Equity owned by shareholders amounts to $292.03 million.
Technical Picture
Here’s a quick look at Rubicon Technologies Inc.’s (RBT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 22.19%, suggesting the stock is oversold, with a 84.94% historical volatility rate.
The stochastic %K and %D were 17.68% and 12.54% respectively, while the average true range (ATR) was 0.0739. Based on the 14-day stochastic reading of 19.95%, the RSI (14) reading is 32.59%. On the 9-day MACD Oscillator, the stock is at -0.0544, and the 14-day reading is at -0.0860.
Analyst Ratings
In its analyst report released on September 30, 2022, Cantor Fitzgerald began covering Rubicon Technologies Inc. (NYSE: RBT). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Rubicon Technologies Inc. (RBT) an Buy rating. RBT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is RBT’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.40 and $3.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for Rubicon Technologies Inc. (RBT) is $2.47.
