RideNow Group (NASDAQ:RDNW – Get Free Report)‘s stock had its “sell (d-)” rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
RideNow Group Price Performance
Shares of NASDAQ:RDNW opened at $3.58 on Wednesday. RideNow Group has a 1 year low of $1.46 and a 1 year high of $7.06. The business has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $2.71. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 8.00. The firm has a market cap of $136.22 million, a price-to-earnings ratio of -1.19 and a beta of 0.94.
RideNow Group (NASDAQ:RDNW – Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $299.90 million for the quarter, compared to the consensus estimate of $259.08 million. RideNow Group had a negative return on equity of 101.83% and a negative net margin of 9.87%. As a group, sell-side analysts predict that RideNow Group will post -0.89 earnings per share for the current fiscal year.
Institutional Investors Weigh In On RideNow Group
About RideNow Group
RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.
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