Rumble Inc (NASDAQ:RUM)’s traded shares stood at 4.67 million during the last session, with the company’s beta value hitting 0.84. At the close of trading, the stock’s price was $8.08, to imply a decrease of -4.94% or -$0.42 in intraday trading. The RUM share’s 52-week high remains $11.25, putting it -39.23% down since that peak but still an impressive 58.79% since price per share fell to its 52-week low of $3.33. The company has a valuation of $2.24B, with an average of 4.06 million shares in intraday trading volume over the past 10 days and average of 6.71 million shares over the past 3 months.
Rumble Inc (NASDAQ:RUM) trade information
After registering a -4.94% downside in the last session, Rumble Inc (RUM) has traded red over the past five days. The stock hit a weekly high of 9.09, dropping -4.94% in its intraday price action. The 5-day price performance for the stock is 4.66%, and 26.84% over 30 days. With these gigs, the year-to-date price performance is 79.96%. Short interest in Rumble Inc (NASDAQ:RUM) saw shorts transact 14.7 million shares and set a 3.69 days time to cover.
Rumble Inc (RUM) estimates and forecasts
Looking at statistics comparing Rumble Inc share performance against respective industry, we note that the company has underperformed competitors. Rumble Inc (RUM) shares are 57.50% up over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 19.30%. The rating firms project that company’s revenue will grow 26.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $18.27 million. Meanwhile, for the quarter ending Jun 2024, a total of 1 analyst(s) estimate revenue growth to $25.65 million.
RUM Dividends
Rumble Inc has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rumble Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Rumble Inc (NASDAQ:RUM)’s Major holders
Rumble Inc insiders hold 29.01% of total outstanding shares, with institutional holders owning 22.10% of the shares at 31.13% float percentage. In total, 22.10% institutions holds shares in the company, led by Cantor Fitzgerald, L.P.. As of Dec 30, 2023, the company held over 9.33 million shares (or 8.28% of shares), all amounting to roughly $75.4 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 5.93 million shares, or about 5.26% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $47.89 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Rumble Inc (RUM) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 2.18 million shares. This is just over 1.94% of the total shares, with a market valuation of $17.63 million. Data from the same date shows that the other fund manager holds a little less at 1.58 million, or 1.40% of the shares, all valued at about 12.75 million.
