In the last trading session, 3.69 million Rumble Inc (NASDAQ:RUM) shares changed hands as the company’s beta touched 0.75. With the company’s per share price at $5.85 changed hands at $0.24 or 4.28% during last session, the market valuation stood at $1.66B. RUM’s last price was a discount, traded about -57.26% off its 52-week high of $9.20. The share price had its 52-week low at $3.33, which suggests the last value was 43.08% up since then. When we look at Rumble Inc’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 1.04 million.

Analysts gave the Rumble Inc (RUM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RUM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Rumble Inc’s EPS for the current quarter is expected to be -0.12.

Rumble Inc (NASDAQ:RUM) trade information

Instantly RUM was in green as seen at the end of in last trading. With action -1.85%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 30.29%, with the 5-day performance at -1.85% in the red. However, in the 30-day time frame, Rumble Inc (NASDAQ:RUM) is 15.84% up. Looking at the short shares, we see there were 14.7 million shares sold at short interest cover period of 18.33 days.

The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 61.0% from its current market value. According to analyst projections, RUM’s forecast low is 15 with 15 as the target high. To hit the forecast high, the stock’s price needs a -156.41% plunge from its current level, while the stock would need to soar -156.41% for it to hit the projected low.

Rumble Inc (RUM) estimates and forecasts

Data shows that the Rumble Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.02% over the past 6 months, a 3.45% in annual growth rate that is considerably lower than the industry average of 19.00%. Year-over-year growth is forecast to reach 29.30% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 29.25M. 2 analysts are of the opinion that Rumble Inc’s revenue for the current quarter will be 35.27M. The company’s revenue for the corresponding quarters a year ago was 17.98M and 20.39M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 62.70%. The estimates for the next quarter sales put growth at 73.00%.

The 2024 estimates are for Rumble Inc earnings to increase by 3.45%.

RUM Dividends

Rumble Inc is expected to release its next quarterly earnings report in November.

Rumble Inc (NASDAQ:RUM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 25.87% of Rumble Inc shares while 23.04% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 31.08%. There are 23.04% institutions holding the Rumble Inc stock share, with AUSTIN PRIVATE WEALTH, LLC the top institutional holder. As of 2024-06-30, the company held 16.8397% of the shares, roughly 34.0 million RUM shares worth $19.0.

CANTOR FITZGERALD, L. P. holds the second largest percentage of outstanding shares, with 4.6191% or 9.33 million shares worth $44.01 million as of 2024-06-30.