Rumbleon, Inc. (RMBL) has disclosed a new risk, in the Corporate Activity and Growth category.
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Rumbleon, Inc. faces significant business risks as it strives to expand through both organic growth and strategic acquisitions. The process of identifying and acquiring suitable dealership locations is not only challenging and expensive, but it also has the potential to distract management from their core operational responsibilities. Moreover, the integration of new acquisitions into Rumbleon’s existing operations is fraught with potential unforeseen expenses and complications, which could hinder the company’s financial performance and operational efficiency. Should Rumbleon fail to effectively manage and integrate new acquisitions, the company’s financial condition and results of operations could suffer materially.
The average RMBL stock price target is $9.50, implying 47.06% upside potential.
To learn more about Rumbleon, Inc.’s risk factors, click here.
