The stock has a 36-month beta value of 0.86. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RUM is 66.59M, and at present, short sellers hold a 18.78% of that float. On May 10, 2024, the average trading volume of RUM was 2.91M shares.
RUM) stock’s latest price update
The stock price of Rumble Inc (NASDAQ: RUM) has jumped by 2.38 compared to previous close of 6.73. Despite this, the company has seen a gain of 1.62% in its stock price over the last five trading days. InvestorPlace reported 2024-05-06 that You’ll get no argument from me that GameStop (NYSE: GME ) is one of the best meme stocks to sell. However, the video game retailer has been around a long time, suggesting it’s not the worst of the meme stocks to sell.
RUM’s Market Performance
Rumble Inc (RUM) has experienced a 1.62% rise in stock performance for the past week, with a -0.14% drop in the past month, and a -13.55% drop in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 4.90% for RUM. The simple moving average for the past 20 days is 5.11% for RUM’s stock, with a 11.90% simple moving average for the past 200 days.
RUM Trading at -1.29% 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 -38.76% of loss for the given period.
Volatility was left at 4.90%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.16% upper at present.
During the last 5 trading sessions, RUM rose by +1.62%, which changed the moving average for the period of 200-days by -13.98% in comparison to the 20-day moving average, which settled at $6.56. In addition, Rumble Inc saw 53.45% 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 Arsov Robert, who sale 35,000 shares at the price of $6.91 back on May 06 ’24. After this action, Arsov Robert now owns 15,173,902 shares of Rumble Inc, valued at $241,838 using the latest closing price.
Arsov Robert, the Director of Rumble Inc, sale 35,000 shares at $6.85 during a trade that took place back on May 03 ’24, which means that Arsov Robert is holding 15,208,902 shares at $239,750 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 30.32. 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 sum up, Rumble Inc (RUM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
