Rumble Inc (NASDAQ:RUM) has a beta value of 0.71 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $3.15B, closed the recent trade at $7.25 per share which meant it gained $0.18 on the day or 2.55% during that session. The RUM stock price is -140.0% off its 52-week high price of $17.40 and 32.14% above the 52-week low of $4.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.82 million shares traded. The 3-month trading volume is 3.49 million shares.
The consensus among analysts is that Rumble Inc (RUM) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Rumble Inc (NASDAQ:RUM) trade information
Sporting 2.55% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RUM stock price touched $7.25 or saw a rise of 12.44%. Year-to-date, Rumble Inc shares have moved -44.27%, while the 5-day performance has seen it change -9.71%. Over the past 30 days, the shares of Rumble Inc (NASDAQ:RUM) have changed -14.81%. Short interest in the company has seen 13.27 million shares shorted with days to cover at 4.05.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 51.67% from the levels at last check today. The projected low price target is $15.0 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is -106.9% off the targeted high while a plunge would see the stock gain -106.9% from the levels at last check today.
Rumble Inc (RUM) estimates and forecasts
The company’s shares have gained 34.76% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 16.20%.
3 analysts offering their estimates for the company have set an average revenue estimate of 22.77M for the current quarter. 3 have an estimated revenue figure of 25.36M for the next ending quarter. Year-ago sales stood 17.73M and 22.47M respectively for this quarter and the next, and analysts expect sales will grow by 28.38% for the current quarter and 16.20% for the next. Earnings growth for 2025 is a modest 81.53% while over the next 5 years, the company’s earnings are expected to increase by 55.13%.
RUM Dividends
Rumble Inc is expected to release its next earnings report on 2025-Mar-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rumble Inc (NASDAQ:RUM)’s Major holders
Insiders own 69.46% of the company shares, while shares held by institutions stand at 16.28% with a share float percentage of 53.29%. Investors are also buoyed by the number of investors in a company, with Rumble Inc having a total of 219.0 institutions that hold shares in the company. The top two institutional holders are AUSTIN PRIVATE WEALTH, LLC with over 34.0 million shares worth more than $19.0. As of 2024-06-30, AUSTIN PRIVATE WEALTH, LLC held 16.6592% of shares outstanding.
The other major institutional holder is CANTOR FITZGERALD, L. P., with the holding of over 9.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $44.01 million and represent 4.5696% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. As of Dec 31, 2024, the former fund manager holds about 1.22% shares in the company for having 2.62 shares of worth $18.99 million while later fund manager owns 2.27 shares of worth $16.44 million as of Dec 31, 2024, which makes it owner of about 1.05% of company’s outstanding stock.
