Rumble Inc. (NASDAQ:RUM) currently has a daily average trading volume of 1.59M but it saw 981875 shares traded on Wednesday. With a market cap of 2.86B USD, stock’s current market price of $10.05 came falling about -1.37 while comparing to the previous closing price of $10.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.23 and as low as $5.81. In the recent trading on the day, stock has struck highest price mark of $10.13 while lowest mark touched by it was $9.752.
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Taking a look at 20-day trading activity of Rumble Inc. (RUM) gives us an average price of $9.44, while its current price level is -41.67% below from 52-week high level whereas it is 72.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.08 while that of 200 days or SMA-200 reads an average of $9.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.03% during that period while stretching the period over a month that increases to 6.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.37 which implies that the stock is in neutral territory.
Rumble Inc. (RUM)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $12.00 and $12.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $12.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.00. Average price target assigned by them is $12.00 which highlights an upside potential of 16.25% for the stock over that period. And to attain the median price target of $12.00 assigned by those analysts, stock has to add about 16.25% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, RUM’s stock price is moving -0.59% down while it is 12.42% when we observe its performance for the past one month. Year-to-date it is 68.91% up and over the past year, the stock is showing a downside performance of -8.64%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.14 beaten by the consensus estimate of -$0.01 for the same. The company is expected to be releasing its next quarterly report in 08/30/2023, for which analysts forecasted an EPS of -$0.08 while estimate for next year EPS is -$0.41. For RUM, analysts are forecasting an EPS-growth rate of -720.00% for current year and estimate for EPS growth in next year is 82.90%. In next quarter, company is expected to be making quarterly sales of $24.58 million as analysts are expecting the sales for current fiscal year at $92.82 million and seeing the company making $231.79 million in sales next year. Moreover, analysts are in estimates of $18.15 million for current-quarter revenue.
Currently, Rumble Inc.’s total number of outstanding shares is 202.72M with 128.75% of that held by the insiders while 15.39% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -10.60% and return on equity (ROE) at -14.40%. Stock has a price to book (P/B) ratio of 6.48 while price to sale or P/S ratio amounts to 53.91. Its return on asset (ROA) is -12.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Extended Market Index Fu came shrinking its share ownership by 0.08% in the Rumble Inc. (RUM) increasing its stake to 1.00% with control over 904.0 shares in the company. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 0.73 million or 0.66% of the company’s stake having worth of about 5.83 million.
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