The stock of Rumble Inc (RUM) has gone down by -7.32% for the week, with a 18.66% rise in the past month and a 0.39% rise in the past quarter. The volatility ratio for the week is 7.64%, and the volatility levels for the past 30 days are 6.36% for RUM. The simple moving average for the past 20 days is 5.94% for RUM’s stock, with a 8.38% simple moving average for the past 200 days.
Is It Worth Investing in Rumble Inc (NASDAQ: RUM) Right Now?
Additionally, the 36-month beta value for RUM is 0.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RUM is 69.94M and currently, short sellers hold a 19.74% ratio of that float. The average trading volume of RUM on July 24, 2024 was 1.50M shares.
RUM) stock’s latest price update
Rumble Inc (NASDAQ: RUM)’s stock price has dropped by -5.97 in relation to previous closing price of 6.86. Nevertheless, the company has seen a loss of -7.32% in its stock price over the last five trading days. globenewswire.com reported 2024-07-22 that LONGBOAT KEY, Fla., July 22, 2024 (GLOBE NEWSWIRE) — Rumble Inc. (NASDAQ: RUM) (“Rumble” or the “Company”), the video-sharing platform and cloud services provider, today announced that it will release financial results for the fiscal quarter ended June 30, 2024 after the close of markets on Monday, August 12, 2024. The Company will host a conference call on the same day at 5:00 p.m. Eastern Time.
Analysts’ Opinion of RUM
Many brokerage firms have already submitted their reports for RUM stocks, with Wedbush repeating the rating for RUM by listing it as a “Neutral.” The predicted price for RUM in the upcoming period, according to Wedbush is $8 based on the research report published on July 17, 2024 of the current year 2024.
RUM Trading at 3.19% 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 -29.84% of loss for the given period.
Volatility was left at 6.36%, however, over the last 30 days, the volatility rate increased by 7.64%, as shares surge +18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.62% lower at present.
During the last 5 trading sessions, RUM fell by -6.32%, which changed the moving average for the period of 200-days by +27.19% in comparison to the 20-day moving average, which settled at $6.14. In addition, Rumble Inc saw 43.76% 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 27,500 shares at the price of $5.59 back on Jul 05 ’24. After this action, Arsov Robert now owns 14,967,337 shares of Rumble Inc, valued at $153,725 using the latest closing price.
Arsov Robert, the Director of Rumble Inc, sale 27,500 shares at $5.76 during a trade that took place back on Jul 03 ’24, which means that Arsov Robert is holding 14,994,837 shares at $158,400 based on the most recent closing price.
Stock Fundamentals for RUM
Current profitability levels for the company are sitting at:
- -1.82 for the present operating margin
- -0.9 for the gross margin
The net margin for Rumble Inc stands at -1.62. The total capital return value is set at -0.63. Equity return is now at value -50.02, with -42.43 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 -40.21. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 17.64.
Currently, EBITDA for the company is -123.68 million with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of 28.35. The receivables turnover for the company is 13.54for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.75.
Conclusion
In conclusion, Rumble Inc (RUM) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
