Rumble Inc (NASDAQ:RUM) price on current trading day, rose 2.08% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.85.
A look at the stock’s price movement, the close in the last trading session was $7.69, moving within a range at $7.735 and $8.03. The beta value (5-Year monthly) was 0.568. Turning to its 52-week performance, $17.40 and $4.92 were the 52-week high and 52-week low respectively. Overall, RUM moved -32.21% over the past month.
Rumble Inc’s market cap currently stands at around $4.78 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-11.
Analysts have a consensus estimate of 29.73M for the company’s revenue for the quarter, with a low and high estimate of 28.21M and 32.6M respectively. The average forecast suggests up to a 45.82% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 95.01M, representing a 17.35% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RUM is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend RUM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RUM’s current price about -9.90% and -27.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.66, while 7-day volatility ratio is 5.56% and 7.41% in the 30-day chart. Further, Rumble Inc (RUM) has a beta value of 0.67, and an average true range (ATR) of 0.71. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $15. Looking at the price targets, the low is -91.08% off current price level while to achieve the yearly target high, price needs to move -91.08%. Nonetheless, investors will most likely welcome a -91.08% jump to $15 which is the analysts’ median price.
If we refocus on Rumble Inc (NASDAQ:RUM), historical trading data shows that trading volumes averaged 2.2 over the past 10 days and 6.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 503.39 million shares.
The 57.90% of Rumble Inc’s shares are in the hands of company insiders while institutional holders own 6.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.95 million on 2025-02-28, giving us a short ratio of 4.05. Current price change has pushed the stock -39.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RUM stock continues to rise going into the next quarter.
