Rumble Inc (NASDAQ:RUM) shares, rose in value on Wednesday, March 26, with the stock price down by -2.49% to the previous day’s close as strong demand from buyers drove the stock to $7.83.
Actively observing the price movement in the last trading, the stock closed the session at $8.03, falling within a range of $7.68 and $8.27. The value of beta (5-year monthly) was 0.568. Referring to stock’s 52-week performance, its high was $17.40, and the low was $4.92. On the whole, RUM has fluctuated by -16.79% over the past month.
With the market capitalization of Rumble Inc currently standing at about $3.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 110.96M, with a low estimate of 22.17M and a high estimate of 23.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.77M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RUM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of RUM currently trading nearly -4.21% and -24.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.99, while the 7-day volatility ratio is showing 6.37% which for the 30-day chart, stands at 7.29%. Furthermore, Rumble Inc (RUM)’s beta value is 0.62, and its average true range (ATR) is 0.65.
A comparison of Rumble Inc (RUM) with its peers suggests the former has fared considerably weaker in the market. RUM showed an intraday change of -2.49% in last session, and over the past year, it grew by 7.41%%.
Data on historical trading for Rumble Inc (NASDAQ:RUM) indicates that the trading volumes over the past 10 days have averaged 2.71 and over the past 3 months, they’ve averaged 4.53 million. According to company’s latest data on outstanding shares, there are 503.39 million shares outstanding.
Nearly 57.90% of Rumble Inc’s shares belong to company insiders and institutional investors own 6.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.95 million shares as on 2025-02-28, resulting in a short ratio of 4.05. The stock has fallen by -39.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RUM stock heading into the next quarter.
