During the last session, Rumble Inc (NASDAQ:RUM)’s traded shares were 6.19 million, with the beta value of the company hitting 0.72. At the end of the trading day, the stock’s price was $6.03, reflecting an intraday gain of 6.16% or $0.35. The 52-week high for the RUM share is $9.20, that puts it down -52.57 from that peak though still a striking 44.78% gain since the share price plummeted to a 52-week low of $3.33. The company’s market capitalization is $2.35B, and the average intraday trading volume over the past 10 days was 4.63 million shares, and the average trade volume was 1.96 million shares over the past three months.
Rumble Inc (RUM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. RUM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.
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Rumble Inc (NASDAQ:RUM) trade information
Rumble Inc (RUM) registered a 6.16% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.16% in intraday trading to $6.03, hitting a weekly high. The stock’s 5-day price performance is -1.95%, and it has moved by 3.08% in 30 days. Based on these gigs, the overall price performance for the year is 18.24%. The short interest in Rumble Inc (NASDAQ:RUM) is 14.68 million shares and it means that shorts have 6.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $15, which implies an increase of 59.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $15 respectively. As a result, RUM is trading at a discount of -148.76% off the target high and -148.76% off the low.
Rumble Inc (RUM) estimates and forecasts
Statistics show that Rumble Inc has underperformed its competitors in share price, compared to the industry in which it operates. Rumble Inc (RUM) shares have gone down -13.98% during the last six months, with a year-to-date growth rate less than the industry average at -8.62% against 25.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 16.67% this quarter and then jump 52.38% in the quarter after that. In the rating firms’ projections, revenue will increase 18.18% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30.4M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 24.38M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.39M and 17.73M respectively. In this case, analysts expect current quarter sales to grow by 49.10% and then jump by 37.47% in the coming quarter.
While earnings are projected to return -7.76% in 2024.
RUM Dividends
Rumble Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rumble Inc (NASDAQ:RUM)’s Major holders
Rumble Inc insiders own 25.68% of total outstanding shares while institutional holders control 22.86%, with the float percentage being 30.76%. AUSTIN PRIVATE WEALTH, LLC is the largest shareholder of the company, while 186.0 institutions own stock in it. As of 2024-06-30, the company held over 34.0 million shares (or 16.8397% of all shares), a total value of $19.0 in shares.
The next largest institutional holding, with 9.33 million shares, is of CANTOR FITZGERALD, L. P.’s that is approximately 4.6191% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $44.01 million.
