In last trading session, Rumble Inc (NASDAQ:RUM) saw 3.35 million shares changing hands with its beta currently measuring 0.79. Company’s recent per share price level of $7.95 trading at $0.32 or 4.19% at ring of the bell on the day assigns it a market valuation of $2.23B. That closing price of RUM’s stock is at a discount of -41.51% from its 52-week high price of $11.25 and is indicating a premium of 58.11% from its 52-week low price of $3.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.85 million shares which gives us an average trading volume of 6.47 million if we extend that period to 3-months.
Rumble Inc (NASDAQ:RUM) trade information
Upright in the green during last session for gaining 4.19%, in the last five days RUM remained trading in the red while hitting it’s week-highest on Thursday, 03/14/24 when the stock touched $7.95 price level, adding 9.45% to its value on the day. Rumble Inc’s shares saw a change of 77.06% in year-to-date performance and have moved -6.25% in past 5-day. Rumble Inc (NASDAQ:RUM) showed a performance of 12.77% in past 30-days. Number of shares sold short was 13.91 million shares which calculate 1.17 days to cover the short interests.
Rumble Inc (RUM) estimates and forecasts
Statistics highlight that Rumble Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 40.71% of value to its shares in past 6 months, showing an annual growth rate of -458.33% while that of industry is 21.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 125.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $28.13 million for the same. And 1 analysts are in estimates of company making revenue of $22.47 million in the next quarter that will end on Mar 2024. Company posted $19.96 million and $17.61 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 41.00% while estimating it to be 27.60% for the next quarter.
RUM Dividends
Rumble Inc is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Rumble Inc (NASDAQ:RUM)’s Major holders
Insiders are in possession of 29.63% of company’s total shares while institution are holding 22.57 percent of that, with stock having share float percentage of 32.08%. Investors also watch the number of corporate investors in a company very closely, which is 22.57% institutions for Rumble Inc that are currently holding shares of the company. Cantor Fitzgerald, L. P. is the top institutional holder at RUM for having 9.33 million shares of worth $83.24 million. And as of Jun 29, 2023, it was holding 8.30% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 6.25 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.55% of outstanding shares, having a total worth of $55.71 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.18 million shares of worth $19.46 million or 1.94% of the total outstanding shares. The later fund manager was in possession of 1.73 million shares on Jun 29, 2023, making its stake of worth around $15.39 million in the company or a holder of 1.53% of company’s stock.
