Rumble Inc (NASDAQ:RUM) has a beta value of 0.76 and has seen 7.73 million shares traded in the last trading session. The company, currently valued at $2.88B, closed the last trade at $7.31 per share which meant it gained $0.82 on the day or 12.63% during that session. The RUM stock price is -25.85% off its 52-week high price of $9.20 and 54.45% 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 4.88 million shares traded. The 3-month trading volume is 2.15 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.
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Rumble Inc (NASDAQ:RUM) trade information
Sporting 12.63% in the green in last session, 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 $7.31 or saw a rise of 3.82%. Year-to-date, Rumble Inc shares have moved 62.81%, while the 5-day performance has seen it change 31.95%. Over the past 30 days, the shares of Rumble Inc (NASDAQ:RUM) have changed 28.70%. Short interest in the company has seen 14.68 million shares shorted with days to cover at 6.84.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 51.27% from current levels. 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 current price level is -105.2% off the targeted high while a plunge would see the stock gain -105.2% from current levels.
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 8.94% over the past 6 months, with this year growth rate of -8.62%, compared to 24.40% for the industry. Revenue growth from the last financial year stood is estimated to be 18.18%.
2 analysts offering their estimates for the company have set an average revenue estimate of 30.4M for the current quarter. 2 have an estimated revenue figure of 24.38M for the next ending quarter. Year-ago sales stood 20.39M and 17.73M respectively for this quarter and the next, and analysts expect sales will grow by 49.10% for the current quarter and 18.18% for the next.
RUM Dividends
Rumble Inc is expected to release its next earnings report in December 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 25.68% of the company shares, while shares held by institutions stand at 22.86% with a share float percentage of 30.76%. Investors are also buoyed by the number of investors in a company, with Rumble Inc having a total of 186.0 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 2.44% shares in the company for having 2.89 shares of worth $21.15 million while later fund manager owns 2.06 shares of worth $15.04 million as of Jun 30, 2024 , which makes it owner of about 1.74% of company’s outstanding stock.
