As of Friday close, Rubicon Technologies Inc.’s (NYSE:RBT) stock was down -$0.03, moving down -9.22 percent to $0.32. The average number of shares traded per day over the past five days has been 2,860,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1122 fall in that time frame. In the last twenty days, the average volume was 2,811,265, while in the previous 50 days, it was 6,485,148.
Since last month, RBT stock retreated -47.48%. Shares of the company fell to $0.2666 on 09/19/23, the lowest level in the past month. A 52-week high of $3.51 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 -82.02% or -$1.4600, and marked a new high 5 times. However, the stock has declined by -90.88% since its 52-week high.
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RBT stock investors should be aware that Rubicon Technologies Inc. (RBT) stock had its last reported insider trading activity 17 days ago on Sep 06. Chico Hernandez Andres, the Director of the company, purchased of 687,000 shares for $0.52 on Sep 06. It resulted in a $355,660 investment by the insider. Enrich Jose Miguel added 240,154 shares at an average price of $0.42 on Jun 16. The insider now owns 351,265 shares following the transaction. On Mar 16, Director Chico Hernandez Andres bought 555,555 shares at $0.90 apiece. The transaction was valued at $500,000.
Financial Health
In the three months ended June 29, 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 29, 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 29, 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 29, 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 107.82%, the RSI 9-day stood at 25.05% on 22 September.
With respect to its five-day moving average, the current Rubicon Technologies Inc. price is down by -25.96% percent or -$0.1122. At present, RBT shares trade -47.62% below its 20-day simple moving average and -25.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.76% below its SMA50 and -87.20% below its SMA200.
Stochastic coefficient K was 21.65% and Stochastic coefficient D was 21.60%, while ATR was 0.0661. Given the Stochastic reading of 17.09% for the 14-day period, the RSI (14) reading has been calculated as 33.14%. As of today, the MACD Oscillator reading stands at -0.0623, while the 14-day reading stands at -0.0979.
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.
