In today’s recent session, 1.4 million shares of the Rumble Inc (NASDAQ:RUM) have been traded, and its beta is 0.62. Most recently the company’s share price was $7.94, and it changed around -$0.07 or -0.87% from the last close, which brings the market valuation of the company to $4.84B. RUM at last check was trading at a discount to its 52-week high of $17.40, offering almost -119.14% off that amount. The share price’s 52-week low was $4.92, which indicates that the recent value has risen by an impressive 38.04% since then. We note from Rumble Inc’s average daily trading volume that its 10-day average is 2.46 million shares, with the 3-month average coming to 4.53 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 been showing red trend so far today with a performance of -0.87% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.34 on recent trading dayincreased the stock’s daily price by 4.8%. The company’s shares are currently down -38.97% year-to-date, but still up 3.25% over the last five days. On the other hand, Rumble Inc (NASDAQ:RUM) is -18.98% down in the 30-day period. We can see from the shorts that 9.95 million shares have been sold at a short interest cover period of 4.05 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 47.07% 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
The year-over-year growth rate is expected to be 20.56%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 25.08M in revenue for the current quarter. 3 analysts expect Rumble Inc to make 26.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.73M and 22.47M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 41.42%. Forecasts for the next quarter put sales growth at 18.38%.
Rumble Inc earnings are expected to increase by 82.53% in 2025, but the outlook is positive 55.13% per year for the next five years.
Rumble Inc (NASDAQ:RUM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 57.07% of Rumble Inc shares, and 15.74% of them are in the hands of institutional investors. The stock currently has a share float of 36.66%. Rumble Inc stock is held by 218.0 institutions, with AUSTIN PRIVATE WEALTH, LLC being the largest institutional investor. By 2024-06-30, it held 16.6592% of the shares, which is about 34.0 million shares worth $19.0.
CANTOR FITZGERALD, L. P., with 4.5696% 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 Dec 31, 2024. The former held 2.62 shares worth $21.29 million, making up 0.77% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.27 shares worth around $18.44 million, which represents about 0.67% of the total shares outstanding.
