In the latest trading session, 0.86 million Rumble Inc (NASDAQ:RUM) shares changed hands as the company’s beta touched 0.51. With the company’s most recent per share price at $12.08 changed hands at -$0.3 or -2.42% at last look, the market valuation stands at $6.70B. RUM’s current price is a discount, trading about -44.04% off its 52-week high of $17.40. The share price had its 52-week low at $4.92, which suggests the last value was 59.27% up since then. When we look at Rumble Inc’s average trading volume, we note the 10-day average is 4.34 million shares, with the 3-month average coming to 7.01 million.
Analysts gave the Rumble Inc (RUM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended RUM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Rumble Inc’s EPS for the current quarter is expected to be 0.
Rumble Inc (NASDAQ:RUM) trade information
Instantly RUM was in red as seen in intraday trades today. With action -2.19%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.15%, with the 5-day performance at -2.19% in the red. However, in the 30-day time frame, Rumble Inc (NASDAQ:RUM) is -7.15% down. Looking at the short shares, we see there were 14.68 million shares sold at short interest cover period of 6.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 19.47% from its recent market value. According to analyst projections, RUM’s forecast low is 15 with 15 as the target high. To hit the forecast high, the stock’s price needs a -24.17% plunge from its current level, while the stock would need to soar -24.17% for it to hit the projected low.
Rumble Inc (RUM) estimates and forecasts
Data shows that the Rumble Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 96.42% over the past 6 months, a -8.62% in annual growth rate that is considerably lower than the industry average of 26.30%. Year-over-year growth is forecast to reach 17.35% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 29.73M. 3 analysts are of the opinion that Rumble Inc’s revenue for the current quarter will be 25.08M. The company’s revenue for the corresponding quarters a year ago was 20.39M and 17.73M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 45.82%. The estimates for the next quarter sales put growth at 41.42%.
The 2025 estimates are for Rumble Inc earnings to decrease by -6.90%.
RUM Dividends
Rumble Inc is expected to release its next quarterly earnings report in March.
Rumble Inc (NASDAQ:RUM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 25.68% of Rumble Inc shares while 22.86% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.76%. There are 22.86% institutions holding the Rumble Inc stock share, with AUSTIN PRIVATE WEALTH, LLC the top institutional holder. As of 2024-06-30, the company held 16.8397% of the shares, roughly 34.0 million RUM shares worth $19.0.
CANTOR FITZGERALD, L. P. holds the second largest percentage of outstanding shares, with 4.6191% or 9.33 million shares worth $44.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 2.89 shares estimated at $35.14 million under it, the former controlled 2.43% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.74% of the shares, roughly 2.07 shares worth around $25.12 million.
