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Is Rumble Inc (RUM) a good stock to buy now?

Rumble Inc (NASDAQ: RUM) is 63.03% higher on its value in year-to-date trading and has touched a low of $3.33 and a high of $11.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RUM stock was last observed hovering at around $7.24 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $7.32, the stock is -3.10% and 3.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing 1.10% at the moment leaves the stock 13.45% off its SMA200. RUM registered -21.59% loss for a year compared to 6-month gain of 43.53%. The firm has a 50-day simple moving average (SMA 50) of $22.63 and a 200-day simple moving average (SMA200) of -$14.02.

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The stock witnessed a 10.74% loss in the last 1 month and extending the period to 3 months gives it a 63.03%, and is -1.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.66% over the week and 10.25% over the month.

Rumble Inc (RUM) has around 158 employees, a market worth around $2.03B and $80.96M in sales. Profit margin for the company is -143.79%. Distance from 52-week low is 119.82% and -34.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.97%).

Rumble Inc quarterly earnings per share for the current quarter are estimated at -$0.19 with sales reaching $18.27M over the same period.The EPS is expected to shrink by -10.34% this year, but quarterly earnings will post 26.80% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.

Rumble Inc (RUM) Top Institutional Holders

156 institutions hold shares in Rumble Inc (RUM), with institutional investors hold 31.13% of the company’s shares. The shares outstanding are 114.93M, and float is at 64.19M with Short Float at 22.89%. Institutions hold 22.10% of the Float.

The top institutional shareholder in the company is Cantor Fitzgerald, L. P. with over 9.33 million shares valued at $83.24 million. The investor’s holdings represent 8.30% of the RUM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.25 million shares valued at $55.71 million to account for 5.55% of the shares outstanding. The other top investors are Blackrock Inc. which holds 1.74 million shares representing 1.55% and valued at over $15.51 million, while Sacks David O. holds 0.94% of the shares totaling 1.06 million with a market value of $9.46 million.

Rumble Inc (RUM) Insider Activity

The most recent transaction is an insider sale by Milnes Ryan,the company’sDirector. SEC filings show that Milnes Ryan sold 1,100,000 shares of the company’s common stock on Dec 07 ’23 at a price of $4.35 per share for a total of $4.79 million. Following the sale, the insider now owns 36491.0 shares.

Rumble Inc disclosed in a document filed with the SEC on Nov 27 ’23 that Milnes Ryan (Director) sold a total of 1,100,000 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $4.65 per share for $5.12 million. Following the transaction, the insider now directly holds 36491.0 shares of the RUM stock.

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