In last trading session, Rumble Inc (NASDAQ:RUM) saw 2.02 million shares changing hands with its beta currently measuring 0.50. Company’s recent per share price level of $12.12 trading at -$0.08 or -0.66% at ring of the bell on the day assigns it a market valuation of $6.73B. That closing price of RUM’s stock is at a discount of -43.56% from its 52-week high price of $17.40 and is indicating a premium of 59.41% from its 52-week low price of $4.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.91 million shares which gives us an average trading volume of 7.00 million if we extend that period to 3-months.
For Rumble Inc (RUM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Rumble Inc (NASDAQ:RUM) trade information
Upright in the red during last session for losing -0.66%, in the last five days RUM remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $12.12 price level, adding 14.59% to its value on the day. Rumble Inc’s shares saw a change of -6.84% in year-to-date performance and have moved -6.63% in past 5-day. Rumble Inc (NASDAQ:RUM) showed a performance of -20.42% in past 30-days. Number of shares sold short was 14.68 million shares which calculate 6.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 19.2% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would drop -23.76% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.76% for stock’s current value.
Rumble Inc (RUM) estimates and forecasts
Statistics highlight that Rumble Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 95.48% of value to its shares in past 6 months, showing an annual growth rate of -8.62% while that of industry is 26.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.
Rumble Inc (NASDAQ:RUM)’s Major holders
Insiders are in possession of 25.68% of company’s total shares while institution are holding 22.86 percent of that, with stock having share float percentage of 30.76%. Investors also watch the number of corporate investors in a company very closely, which is 22.86% institutions for Rumble Inc that are currently holding shares of the company. AUSTIN PRIVATE WEALTH, LLC is the top institutional holder at RUM for having 34.0 million shares of worth $19.0. And as of 2024-06-30, it was holding 16.8397 of the company’s outstanding shares.
The second largest institutional holder is CANTOR FITZGERALD, L. P., which was holding about 9.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6191 of outstanding shares, having a total worth of $44.01 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.89 shares of worth $35.07 million or 2.43% of the total outstanding shares. The later fund manager was in possession of 2.07 shares on Sep 30, 2024 , making its stake of worth around $25.06 million in the company or a holder of 1.74% of company’s stock.
