Rumble Inc (NASDAQ:RUM) has a beta value of 0.75 and has seen 2.6 million shares traded in the recent trading session. The company, currently valued at $1.77B, closed the recent trade at $6.25 per share which meant it gained $0.78 on the day or 14.26% during that session. The RUM stock price is -47.2% off its 52-week high price of $9.20 and 46.72% above the 52-week low of $3.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.83 million shares traded. The 3-month trading volume is 1.28 million shares.
The consensus among analysts is that Rumble Inc (RUM) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Rumble Inc (NASDAQ:RUM) trade information
Sporting 14.26% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RUM stock price touched $6.25 or saw a fall of -0.32%. Year-to-date, Rumble Inc shares have moved 39.20%, while the 5-day performance has seen it change 16.60%. Over the past 30 days, the shares of Rumble Inc (NASDAQ:RUM) have changed 10.62%. Short interest in the company has seen 14.7 million shares shorted with days to cover at 18.33.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 58.33% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is -140.0% off the targeted high while a plunge would see the stock gain -140.0% from the levels at last check today.
Rumble Inc (RUM) estimates and forecasts
Figures show that Rumble Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 3.31% over the past 6 months, with this year growth rate of 3.45%, compared to 19.00% for the industry. Revenue growth from the last financial year stood is estimated to be 29.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 29.25M for the current quarter. 2 have an estimated revenue figure of 35.27M for the next ending quarter. Year-ago sales stood 17.98M and 20.39M respectively for this quarter and the next, and analysts expect sales will grow by 62.70% for the current quarter and 29.30% for the next.
RUM Dividends
Rumble Inc is expected to release its next earnings report on 2024-Aug-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rumble Inc (NASDAQ:RUM)’s Major holders
Insiders own 25.87% of the company shares, while shares held by institutions stand at 23.08% with a share float percentage of 31.13%. Investors are also buoyed by the number of investors in a company, with Rumble Inc having a total of 184.0 institutions that hold shares in the company. The top two institutional holders are AUSTIN PRIVATE WEALTH, LLC with over 34.0 million shares worth more than $19.0. As of 2024-06-30, AUSTIN PRIVATE WEALTH, LLC held 16.8397% of shares outstanding.
The other major institutional holder is CANTOR FITZGERALD, L. P., with the holding of over 9.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $44.01 million and represent 4.6191% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 30, 2024, the former fund manager holds about 2.45% shares in the company for having 2.89 shares of worth $17.34 million while later fund manager owns 2.06 shares of worth $12.34 million as of Jun 30, 2024, which makes it owner of about 1.74% of company’s outstanding stock.
