Some Investing Thoughts On Rumble Inc (NASDAQ: RUM)

Rumble Inc (RUM) concluded trading on Wednesday at a closing price of $5.81, with 5.35 million shares of worth about $31.09 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.67% during that period and on November 06, 2024 the price saw a loss of about -2.35%. Currently the company’s common shares owned by public are about 114.93M shares, out of which, 73.89M shares are available for trading.

Stock saw a price change of -1.69% in past 5 days and over the past one month there was a price change of 8.40%. Year-to-date (YTD), RUM shares are showing a performance of 29.40% which increased to 21.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.33 but also hit the highest price of $9.20 during that period. The average intraday trading volume for Rumble Inc shares is 1.43 million. The stock is currently trading 0.49% above its 20-day simple moving average (SMA20), while that difference is up 4.88% for SMA50 and it goes to -8.23% lower than SMA200.

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Rumble Inc (NASDAQ: RUM) currently have 114.93M outstanding shares and institutions hold larger chunk of about 9.21% of that.

The stock has a current market capitalization of $2.26B and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$0.63 in the same period. It has Quick Ratio of 4.56 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RUM, volatility over the week remained 6.20% while standing at 7.69% over the month.

Stock’s fiscal year EPS is expected to rise by 3.45% while it is estimated to increase by 43.75% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on July 17, 2024 offering a Neutral rating for the stock and assigned a target price of $8 to it.

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