In the last trading session, 5.88 million shares of the Rumble Inc (NASDAQ:RUM) were traded, and its beta was 0.52. Most recently the company’s share price was $12.90, and it changed around $0.65 or 5.31% from the last close, which brings the market valuation of the company to $7.16B. RUM currently trades at a discount to its 52-week high of $17.40, offering almost -34.88% off that amount. The share price’s 52-week low was $3.37, which indicates that the current value has risen by an impressive 73.88% since then. We note from Rumble Inc’s average daily trading volume that its 10-day average is 5.05 million shares, with the 3-month average coming to 6.76 million.
Rumble Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 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 for the current quarter.
Rumble Inc (NASDAQ:RUM) trade information
Instantly RUM has showed a green trend with a performance of 5.31% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.07 on recent trading dayincreased the stock’s daily price by 1.3%. The company’s shares are currently down -0.85% year-to-date, but still up 17.70% over the last five days. On the other hand, Rumble Inc (NASDAQ:RUM) is 49.31% 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 6.84 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 14.0% 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 risen 91.96 percent over the past six months and at a -8.62% annual growth rate that is well below the industry average of 26.80%. The year-over-year growth rate is expected to be 17.35%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 29.73M in revenue for the current quarter. 3 analysts expect Rumble Inc to make 25.08M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 20.39M and 17.73M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 45.82%. Forecasts for the next quarter put sales growth at 41.42%.
RUM Dividends
Rumble Inc’s next quarterly earnings report is expected to be released in February.
Rumble Inc (NASDAQ:RUM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.68% of Rumble Inc shares, and 22.86% of them are in the hands of institutional investors. The stock currently has a share float of 30.76%. Rumble Inc stock is held by 186.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 2.89 shares worth $37.32 million, making up 2.43% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.07 shares worth around $26.68 million, which represents about 1.74% of the total shares outstanding.
