In today’s recent session, 2.27 million shares of the Rumble Inc (NASDAQ:RUM) have been traded, and its beta is 0.76. Most recently the company’s share price was $6.25, and it changed around -$0.23 or -3.55% from the last close, which brings the market valuation of the company to $1.77B. RUM at last check was trading at a discount to its 52-week high of $9.20, offering almost -47.2% off that amount. The share price’s 52-week low was $3.33, which indicates that the recent value has risen by an impressive 46.72% since then. We note from Rumble Inc’s average daily trading volume that its 10-day average is 3.35 million shares, with the 3-month average coming to 1.27 million.

Rumble Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended RUM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Rumble Inc is expected to report earnings per share of -0.12 for the current quarter.

Rumble Inc (NASDAQ:RUM) trade information

Instantly RUM has been showing red trend so far today with a performance of -3.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.84 on recent trading dayincreased the stock’s daily price by 8.63%. The company’s shares are currently up 39.20% year-to-date, but still up 6.84% over the last five days. On the other hand, Rumble Inc (NASDAQ:RUM) is 16.60% up in the 30-day period. We can see from the shorts that 14.68 million shares have been sold at a short interest cover period of 18.33 day(s).

The consensus price target as assigned by Wall Street analysts is $15, which translates to bulls needing to increase their stock price by 58.33% 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 fallen -11.47 percent over the past six months and at a 3.45% annual growth rate that is well below the industry average of 18.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.30% in revenue this quarter, and will report an increase of 35.70% in the next quarter. The year-over-year growth rate is expected to be 29.30%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 29.25M in revenue for the current quarter. 2 analysts expect Rumble Inc to make 35.27M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.98M and 20.39M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 62.70%. Forecasts for the next quarter put sales growth at 73.00%.

RUM Dividends

Rumble Inc’s next quarterly earnings report is expected to be released on 2024-Aug-12.

Rumble Inc (NASDAQ:RUM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 25.87% of Rumble Inc shares, and 23.08% of them are in the hands of institutional investors. The stock currently has a share float of 31.13%. Rumble Inc stock is held by 181.0 institutions, with AUSTIN PRIVATE WEALTH, LLC being the largest institutional investor. By 2024-06-30, it held 16.8397% of the shares, which is about 34.0 million shares worth $19.0.

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