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Rubicon Technologies Inc. (RBT) – Don’t Be So Quick to Call it Dead

Rubicon Technologies Inc. (NYSE: RBT) is -49.44% lower on its value in year-to-date trading and has touched a low of $0.85 and a high of $10.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RBT stock was last observed hovering at around $1.33 in the last trading session, with the day’s loss setting it -0.43% off its average median price target of $3.00 for the next 12 months. It is also 77.5% off the consensus price target high of $4.00 offered by analysts, but current levels are 65.38% higher than the price target low of $2.60 for the same period.

Currently trading at $0.90, the stock is -11.23% and -37.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -32.33% at the moment leaves the stock -79.56% off its SMA200. RBT registered -91.01% loss for a year compared to 6-month loss of -77.89%.

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The stock witnessed a -21.05% gain in the last 1 month and extending the period to 3 months gives it a -64.00%, and is -20.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 25.12% over the week and 16.76% over the month.

Rubicon Technologies Inc. (RBT) has around 514 employees, a market worth around $162.50M and $675.40M in sales. Profit margin for the company is -8.20%. Distance from 52-week low is 5.88% and -91.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-141.90%).

Rubicon Technologies Inc. (RBT) Analyst Forecasts

Rubicon Technologies Inc. is expected to release its quarterly report on 05/31/2023.The EPS is expected to shrink by -24.90% this year

Rubicon Technologies Inc. (RBT) Top Institutional Holders

The shares outstanding are 49.71M, and float is at 48.64M with Short Float at 0.46%.

Rubicon Technologies Inc. (RBT) Insider Activity

A total of 19 insider transactions have happened at Rubicon Technologies Inc. (RBT) in the last six months, with sales accounting for 0 and purchases happening 19 times.

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