In the latest trading session, 1.09 million Rumble Inc (NASDAQ:RUM) shares changed hands as the company’s beta touched 0.53. With the company’s most recent per share price at $9.62 changed hands at -$0.88 or -8.38% at last look, the market valuation stands at $5.86B. RUM’s current price is a discount, trading about -80.87% 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 48.86% up since then.
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 -16.49%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.06%, with the 5-day performance at -16.49% in the red. However, in the 30-day time frame, Rumble Inc (NASDAQ:RUM) is -25.89% down.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 35.87% 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 -55.93% plunge from its current level, while the stock would need to soar -55.93% for it to hit the projected low.
Rumble Inc (RUM) estimates and forecasts
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%, but the outlook for the next 5-year period is at 33.14% per year.
Rumble Inc (NASDAQ:RUM)’s Major holders
CANTOR FITZGERALD, L. P. holds the second largest percentage of outstanding shares, with 4.5696% 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 $28.21 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 $20.16 million.
