Rumble Inc (NASDAQ:RUM) price on current trading day, rose 17.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.15.
A look at the stock’s price movement, the close in the last trading session was $6.94, moving within a range at $6.9162 and $8.16. The beta value (5-Year monthly) was 0.71. Turning to its 52-week performance, $17.40 and $4.92 were the 52-week high and 52-week low respectively. Overall, RUM moved 4.69% over the past month.
Rumble Inc’s market cap currently stands at around $3.54 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-24.
Analysts have a consensus estimate of 22.77M for the company’s revenue for the quarter, with a low and high estimate of 22.17M and 23.6M respectively. The average forecast suggests up to a 28.38% 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 110.96M, representing a 16.20% 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 Hold. On the other hand, the stock is on average a Hold 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 5.68% and -13.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.05, while 7-day volatility ratio is 14.57% and 8.60% in the 30-day chart. Further, Rumble Inc (RUM) has a beta value of 0.66, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -22.7% off current price level while to achieve the yearly target high, price needs to move -22.7%. Nonetheless, investors will most likely welcome a -22.7% jump to $10 which is the analysts’ median price.
If we refocus on Rumble Inc (NASDAQ:RUM), historical trading data shows that trading volumes averaged 2.63 over the past 10 days and 3.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 338.51 million shares.
The 60.23% of Rumble Inc’s shares are in the hands of company insiders while institutional holders own 9.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.27 million on 2025-03-14, giving us a short ratio of 4.05. Current price change has pushed the stock -37.32% 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.
