Rubicon Technologies Inc. (NYSE: RBT) stock fell -5.22% on Friday to $0.43 against a previous-day closing price of $0.46. With 6.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.99 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.4592 whereas the lowest price it dropped to was $0.4099. The 52-week range on RBT shows that it touched its highest point at $4.25 and its lowest point at $0.25 during that stretch. It currently has a 1-year price target of $2.47. Beta for the stock currently stands at 1.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RBT was down-trending over the past week, with a drop of -8.00%, but this was down by -26.61% over a month. Three-month performance dropped to -1.82% while six-month performance fell -50.32%. The stock lost -89.33% in the past year, while it has lost -75.72% so far this year. A look at the trailing 12-month EPS for RBT yields -0.78 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.15. This implies an EPS growth rate of 58.90% for this year and -4.40% for next year.
Float and Shares Shorts:
At present, 292.03 million RBT shares are outstanding with a float of 161.57 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.69 million, which was 0.25% higher than short shares on Jul 30, 2023. In addition to Mr. Philip Rodoni as the firm’s CEO & Director, Mr. Renaud de Viel Castel serves as its Chief Operations Officer.
Through their ownership of 82.66% of RBT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 17.89% of RBT, in contrast to 11.09% held by mutual funds. Shares owned by individuals account for 1.57%. As the largest shareholder in RBT with 8.91% of the stake, Guardians of New Zealand Superann holds 22,912,903 shares worth 22,912,903. A second-largest stockholder of RBT, Quattro Financial Advisors LLC, holds 8,243,996 shares, controlling over 3.21% of the firm’s shares. Jefferies LLC is the third largest shareholder in RBT, holding 3,877,750 shares or 1.51% stake. With a 0.85% stake in RBT, the Hartford Growth Opportunities Fun is the largest stakeholder. A total of 2,197,165 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 0.24% of RBT stock, is the second-largest Mutual Fund holder. It holds 614,800 shares valued at 0.31 million. Vanguard Extended Market Index Fu holds 0.16% of the stake in RBT, owning 415,548 shares worth 0.21 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, RBT reported revenue of $164.61M and operating income of -$22.48M. The EBITDA in the recently reported quarter was -$21.44M and diluted EPS was $0.00.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RBT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RBT analysts setting a high price target of $3.00 and a low target of $1.40, the average target price over the next 12 months is $2.47. Based on these targets, RBT could surge 597.67% to reach the target high and rise by 225.58% to reach the target low. Reaching the average price target will result in a growth of 474.42% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded RBT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 49,131,010 while 0 shares were sold.