Rumble Inc (NASDAQ: RUM)’s stock price has soared by 2.28 in relation to previous closing price of 6.54. Nevertheless, the company has seen a gain of 7.36% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-04-25 that Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Is It Worth Investing in Rumble Inc (NASDAQ: RUM) Right Now?
RUM has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RUM is 65.58M, and currently, short sellers hold a 19.06% ratio of that float. The average trading volume of RUM on April 26, 2024 was 4.34M shares.
RUM’s Market Performance
RUM stock saw a decrease of 7.36% in the past week, with a monthly decline of -21.31% and a quarterly a decrease of 10.74%. The volatility ratio for the week is 4.28%, and the volatility levels for the last 30 days are 6.48% for Rumble Inc (RUM). The simple moving average for the past 20 days is 1.14% for RUM’s stock, with a 7.48% simple moving average for the past 200 days.
RUM Trading at -4.88% from the 50-Day Moving Average
After a stumble in the market that brought RUM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.54% of loss for the given period.
Volatility was left at 6.48%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -17.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.73% lower at present.
During the last 5 trading sessions, RUM rose by +6.74%, which changed the moving average for the period of 200-days by -22.76% in comparison to the 20-day moving average, which settled at $6.54. In addition, Rumble Inc saw 48.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RUM starting from Sacks David O, who sale 133,896 shares at the price of $6.45 back on Apr 08 ’24. After this action, Sacks David O now owns 3,390 shares of Rumble Inc, valued at $864,017 using the latest closing price.
Sacks David O, the Director of Rumble Inc, sale 383,362 shares at $6.46 during a trade that took place back on Apr 05 ’24, which means that Sacks David O is holding 4,692 shares at $2,474,602 based on the most recent closing price.
Stock Fundamentals for RUM
Current profitability levels for the company are sitting at:
- -1.68 for the present operating margin
- -0.83 for the gross margin
The net margin for Rumble Inc stands at -1.44. The total capital return value is set at -0.52. Equity return is now at value -39.38, with -35.14 for asset returns.
Based on Rumble Inc (RUM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -35.64. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.02.
Currently, EBITDA for the company is -123.68 million with net debt to EBITDA at 1.63. When we switch over and look at the enterprise to sales, we see a ratio of 29.14. The receivables turnover for the company is 14.88for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.97.
Conclusion
To put it simply, Rumble Inc (RUM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
