Rumble Inc (NASDAQ: RUM) is 59.24% 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 $7.15 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $7.15, the stock is 6.99% and 2.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing 0.00% at the moment leaves the stock 16.61% off its SMA200. RUM registered -28.43% loss for a year compared to 6-month gain of 58.89%.
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The stock witnessed a 18.18% loss in the last 1 month and extending the period to 3 months gives it a 0.28%, and is 6.24% up 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 6.12% over the week and 4.97% over the month.
Rumble Inc (RUM) has around 158 employees, a market worth around $2.01B and $81.08M in sales. Profit margin for the company is -161.62%. Distance from 52-week low is 114.71% and -36.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.70%).
The EPS is expected to shrink by 0.00% this year
The shares outstanding are 114.93M, and float is at 66.59M with Short Float at 17.85%.
Rumble Inc (RUM) Insider Activity
The most recent transaction is an insider sale by Arsov Robert, the company’s Director. SEC filings show that Arsov Robert sold 35,000 shares of the company’s common stock on May 06 ’24 at a price of $6.91 per share for a total of $0.24 million. Following the sale, the insider now owns 15.17 million shares.
Rumble Inc disclosed in a document filed with the SEC on May 03 ’24 that Arsov Robert (Director) sold a total of 35,000 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $6.85 per share for $0.24 million. Following the transaction, the insider now directly holds 15.21 million shares of the RUM stock.
Still, SEC filings show that on May 02 ’24, Arsov Robert (Director) disposed off 35,000 shares at an average price of $6.76 for $0.24 million. The insider now directly holds 15,243,902 shares of Rumble Inc (RUM).
