In the last trading session, 2.38 million Rumble Inc (NASDAQ:RUM) shares changed hands as the company’s beta touched 0.58. With the company’s per share price at $6.94 changed hands at -$0.68 or -8.92% during last session, the market valuation stood at $3.01B. RUM’s last price was a discount, traded about -150.72% 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 29.11% up since then. When we look at Rumble Inc’s average trading volume, we note the 10-day average is 2.59 million shares, with the 3-month average coming to 3.31 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 at the end of in last trading. With action -9.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -46.66%, with the 5-day performance at -9.87% in the red. However, in the 30-day time frame, Rumble Inc (NASDAQ:RUM) is -13.03% down. Looking at the short shares, we see there were 13.27 million shares sold at short interest cover period of 4.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 30.6% from its current market value. According to analyst projections, RUM’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -44.09% plunge from its current level, while the stock would need to soar -44.09% for it to hit the projected low.
Rumble Inc (RUM) estimates and forecasts
Year-over-year growth is forecast to reach 16.20% 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 22.77M. 3 analysts are of the opinion that Rumble Inc’s revenue for the current quarter will be 25.36M. The company’s revenue for the corresponding quarters a year ago was 17.73M and 22.47M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.38%. The estimates for the next quarter sales put growth at 12.86%.
The 2025 estimates are for Rumble Inc earnings to increase by 81.53%, but the outlook for the next 5-year period is at 55.13% per year.
RUM Dividends
Rumble Inc is expected to release its next quarterly earnings report on 2025-Mar-24.
Rumble Inc (NASDAQ:RUM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 69.46% of Rumble Inc shares while 16.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.29%. There are 16.28% institutions holding the Rumble Inc stock share, with AUSTIN PRIVATE WEALTH, LLC the top institutional holder. As of 2024-06-30, the company held 16.6592% 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 4.5696% or 9.33 million shares worth $44.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 2.62 shares estimated at $18.15 million under it, the former controlled 1.22% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 1.05% of the shares, roughly 2.27 shares worth around $15.72 million.
