Rumble Inc (NASDAQ:RUM)’s traded shares stood at 2.16 million during the last session, with the company’s beta value hitting 0.75. At the close of trading, the stock’s price was $5.68, to imply an increase of 3.27% or $0.18 in intraday trading. The RUM share’s 52-week high remains $9.20, putting it -61.97% down since that peak but still an impressive 41.37% since price per share fell to its 52-week low of $3.33. The company has a valuation of $1.61B, with an average of 2.92 million shares in intraday trading volume over the past 10 days and average of 1.17 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Rumble Inc (RUM), translating to a mean rating of 3.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give RUM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.12.

Rumble Inc (NASDAQ:RUM) trade information

After registering a 3.27% upside in the last session, Rumble Inc (RUM) has traded red over the past five days. The 5-day price performance for the stock is -0.53%, and 7.98% over 30 days. With these gigs, the year-to-date price performance is 26.50%. Short interest in Rumble Inc (NASDAQ:RUM) saw shorts transact 14.7 million shares and set a 18.33 days time to cover.

The extremes give us $15 and $15 for target low and target high price respectively. As such, RUM has been trading -164.08% off suggested target high and -164.08% from its likely low.

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 -13.02% down over the last 6 months, with its year-to-date growth rate lower than industry average at 3.45% against 18.70%. Revenue is forecast to grow 14.30% this quarter before jumping 35.70% for the next one. The rating firms project that company’s revenue will grow 29.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 29.25M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 35.27M.Earnings reports from the last fiscal year show that sales brought in 17.98M and 20.39M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 62.70% before jumping 73.00% in the following quarter.

RUM Dividends

Rumble Inc has its next earnings report out on 2024-Aug-12. 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 (NASDAQ:RUM)’s Major holders

Rumble Inc insiders hold 25.87% of total outstanding shares, with institutional holders owning 23.05% of the shares at 31.09% float percentage. In total, 23.05% institutions holds shares in the company, led by AUSTIN PRIVATE WEALTH, LLC. As of 2024-06-30, the company held over 34.0 million shares (or 16.8397% of shares), all amounting to roughly $19.0.

The next major institution holding the largest number of shares is CANTOR FITZGERALD, L. P. with 9.33 million shares, or about 4.6191% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $44.01 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 Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 2.89 shares. This is just over 2.44% of the total shares, with a market valuation of $16.43 million. Data from the same date shows that the other fund manager holds a little less at 2.06, or 1.74% of the shares, all valued at about 11.69 million.