Rumble Inc (NASDAQ: RUM): Get Ready For The Next Few Months

In today’s recent session, 1.84 million shares of the Rumble Inc (NASDAQ:RUM) have been traded, and its beta is 0.84. Most recently the company’s share price was $6.91, and it changed around -$0.26 or -3.56% from the last close, which brings the market valuation of the company to $1.95B. RUM at last check was trading at a discount to its 52-week high of $9.20, offering almost -33.14% off that amount. The share price’s 52-week low was $3.33, which indicates that the recent value has risen by an impressive 51.81% since then. We note from Rumble Inc’s average daily trading volume that its 3-month average coming to 1.40 million.

Rumble Inc (NASDAQ:RUM) trade information

Instantly RUM has been showing red trend so far today with a performance of -3.56% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 54.01% year-to-date, but still up 23.04% over the last five days. On the other hand, Rumble Inc (NASDAQ:RUM) is 20.05% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 53.93% from its current value. Analyst projections state that RUM is forecast to be at a low of $15 and a high of $15.

Rumble Inc (RUM) estimates and forecasts

Rumble Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 103.98 percent over the past six months and at a 0.00% annual growth rate that is well below the industry average of 23.20%. The year-over-year growth rate is expected to be 20.30%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 19.88M in revenue for the current quarter. 1 analysts expect Rumble Inc to make 27.48M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 52.80%.

RUM Dividends

Rumble Inc’s next quarterly earnings report is expected to be released in August.