In the last trading session, 6.56 million shares of the Rumble Inc (NASDAQ:RUM) were traded, and its beta was 0.52. Most recently the company’s share price was $12.85, and it changed around -$0.05 or -0.39% from the last close, which brings the market valuation of the company to $7.13B. RUM currently trades at a discount to its 52-week high of $17.40, offering almost -35.41% off that amount. The share price’s 52-week low was $3.37, which indicates that the current value has risen by an impressive 73.77% 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 6.84 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 (NASDAQ:RUM) trade information
Instantly RUM has showed a red trend with a performance of -0.39% 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 13.18 on recent trading dayincreased the stock’s daily price by 2.5%. The company’s shares are currently down -1.23% year-to-date, but still up 17.67% over the last five days. On the other hand, Rumble Inc (NASDAQ:RUM) is 58.84% 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 14.33% 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 risen 98.00 percent over the past six months and at a -8.62% annual growth rate that is well below the industry average of 25.90%.
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.
