How to buy RumbleON stock
RumbleON Inc. is an online marketplace to buy, sell, or finance motorcycles on the Internet or from a mobile device. It was the first company to market an end-to-end online supply chain solution for both consumers and dealers in the motorcycle market. RumbleON’s service is mainly provided through a smartphone app on iOS and Android platforms, and its website. Its technology was acquired and developed in agreement and partnership with companies Smart Server Inc., NextGen Dealer Solutions, and Halcyon.
How to buy shares in RumbleON
The Rumbleon ticker symbol is RMBL. You will need a brokerage account to access the NASDAQ market and buy RMBL shares. The easiest way to buy RumbleOne stock is through an online stockbroker, such as TD Ameritrade, Robinhood and eToro. Other options include using a full-service stockbroker, or buying stock directly from the company.
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What is the best way to buy RumbleOn stock?
It's absolutely critical to research RumbleOn stock before you buy, so you can comprehend the risk and upside. Decide if you will purchase RMBL shares at the current market price or use a limit order to purchase RMBL shares at a specific price.
Limit orders are a good tool for investors buying and selling smaller company stocks, which tend to experience wider spreads, depending on investor activity. They're also good for investing during periods of short-term stock market volatility or when stock price is more important than order fulfillment. While a limit order guarantees the price you’ll get if the order is executed, there's no guarantee that the order will be filled fully, partially or even at all. If the stock never reaches the level of your limit order by the time it expires, the trade will not be executed.
A market order is best for buy-and-hold investors, for whom small differences in price are less important than ensuring that the trade is fully executed. Personally, I tend to use market orders when buying and selling stocks because I’d rather have my orders filled quickly (so I can move on with my life) than trying to squeeze out a few extra pennies.
Is now a good time to buy Rumbleon stock?
Rumbleon stock last closed at $23.85, down 4.6% from the previous day, and has decreased 31.07% in one year. It has overperformed other stocks in the Internet Retail industry by 0.25 percentage points. Rumbleon stock is currently +86.33% from its 52-week low of $12.80, and -50.77% from its 52-week high of $48.45.
Rumbleon's forecast annual revenue growth rate of 16.47% is forecast to beat the US Internet Retail industry's average forecast revenue growth rate of 12.17%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 7.9%. Rumbleon's revenue in 2022 is $1,671,846,000.
The 5 analysts offering 12-month price forecasts for RumbleOn Inc have a median target of 34.00, with a high estimate of 50.00 and a low estimate of 30.00. The median estimate represents a +41.96% increase from the last price of 23.95. Their consensus recommendation is to buy Rumbleon stock. This rating has held steady since November, when it was unchanged from a buy rating.
