During the last session, Rumble Inc (NASDAQ:RUM)’s traded shares were 5.45 million, with the beta value of the company hitting 0.52. At the end of the trading day, the stock’s price was $13.01, reflecting an intraday loss of -6.00% or -$0.83. The 52-week high for the RUM share is $17.40, that puts it down -33.74 from that peak though still a striking 74.4% gain since the share price plummeted to a 52-week low of $3.33. The company’s market capitalization is $4.77B, and the average intraday trading volume over the past 10 days was 20.51 million shares, and the average trade volume was 6.04 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.
Rumble Inc (NASDAQ:RUM) trade information
Rumble Inc (RUM) registered a -6.00% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.00% in intraday trading to $13.01, hitting a weekly high. The stock’s 5-day price performance is -0.15%, and it has moved by 83.24% in 30 days. Based on these gigs, the overall price performance for the year is 189.76%. 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 13.27% 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 -15.3% off the target high and -15.3% 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 up 129.05% during the last six months, with a year-to-date growth rate less than the industry average at -8.62% against 25.20. 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 2025.
RUM Dividends
Rumble Inc is due to release its next quarterly earnings in February. 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.
Also, the Mutual Funds coming in first place with the largest holdings of Rumble Inc (RUM) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.89 shares. This amounts to just over 2.44 percent of the company’s overall shares, with a $37.64 million market value. The same data shows that the other fund manager holds slightly less at 2.07, or about 1.74% of the stock, which is worth about $26.9 million.
