Rumble Inc (NASDAQ: RUM) is 34.30% higher on its value in year-to-date trading and has touched a low of $3.33 and a high of $9.20 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 $5.68 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $6.03, the stock is 0.51% and 6.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.19 million and changing 6.16% at the moment leaves the stock -4.42% off its SMA200. RUM registered 18.24% gain for a year compared to 6-month loss of -13.98%. The firm has a 50-day simple moving average (SMA 50) of $5.647 and a 200-day simple moving average (SMA200) of $6.317225.
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The stock witnessed a 3.08% gain in the last 1 month and extending the period to 3 months gives it a -1.47%, and is -1.95% 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 9.54% over the week and 9.09% over the month.
Rumble Inc (RUM) has around 158 employees, a market worth around $2.35B and $85.65M in sales. Profit margin for the company is -152.81%. Distance from 52-week low is 81.08% and -34.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-78.29%).
The EPS is expected to shrink by -7.76% this year
186.0 institutions hold shares in Rumble Inc (RUM), with institutional investors hold 30.76% of the company’s shares. The shares outstanding are 114.93M, and float is at 74.21M with Short Float at 20.39%. Institutions hold 22.86% of the Float.
The top institutional shareholder in the company is AUSTIN PRIVATE WEALTH, LLC with over 34.0 million shares valued at $19.0. The investor’s holdings represent 16.8397 of the RUM Shares outstanding. As of 2024-06-30, the second largest holder is CANTOR FITZGERALD, L. P. with 9.33 million shares valued at $44.01 million to account for 4.6191 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 7.72 million shares representing 3.8236 and valued at over $42.85 million, while BLACKROCK INC. holds 0.7858 of the shares totaling 1.59 million with a market value of $8.81 million.
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 30,000 shares of the company’s common stock on Nov 06 ’24 at a price of $5.93 per share for a total of $0.18 million. Following the sale, the insider now owns 12.52 million shares.
Rumble Inc disclosed in a document filed with the SEC on Nov 05 ’24 that Arsov Robert (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Nov 05 ’24 and was made at $5.89 per share for $0.18 million. Following the transaction, the insider now directly holds 12.55 million shares of the RUM stock.
Still, SEC filings show that on Nov 01 ’24, Arsov Robert (Director) disposed off 27,500 shares at an average price of $5.83 for $0.16 million. The insider now directly holds 12,604,837 shares of Rumble Inc (RUM).
