The stock of Rumble Inc (RUM) has gone down by -11.08% for the week, with a -14.17% drop in the past month and a -13.27% drop in the past quarter. The volatility ratio for the week is 5.32%, and the volatility levels for the past 30 days are 4.95% for RUM. The simple moving average for the last 20 days is -15.63% for RUM stock, with a simple moving average of -19.39% for the last 200 days.
Is It Worth Investing in Rumble Inc (NASDAQ: RUM) Right Now?
The 36-month beta value for RUM is also noteworthy at 0.77. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RUM is 70.82M, and at present, short sellers hold a 19.22% of that float. The average trading volume of RUM on September 11, 2024 was 1.37M shares.
RUM) stock’s latest price update
Rumble Inc (NASDAQ: RUM)’s stock price has decreased by -8.78 compared to its previous closing price of 5.41. However, the company has seen a -11.08% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-10 that NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) — Cumulus Media’s (NASDAQ: CMLS) Westwood One today announced that The Dan Bongino Show will offer a special live edition of the podcast on Tuesday, September 10, 2024, beginning at 8 p.m. ET. Dan Bongino will offer commentary and opinion live while Vice President Kamala Harris and former President Donald J. Trump face each other to debate for the first 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 -18.28% 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 -46.36% of loss for the given period.
Volatility was left at 4.95%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares sank -16.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.62% lower at present.
During the last 5 trading sessions, RUM fell by -9.32%, which changed the moving average for the period of 200-days by -0.93% in comparison to the 20-day moving average, which settled at $5.80. In addition, Rumble Inc saw 9.91% 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 $5.23 back on Sep 06 ’24. After this action, Arsov Robert now owns 14,742,337 shares of Rumble Inc, valued at $143,825 using the latest closing price.
Arsov Robert, the Director of Rumble Inc, sale 27,500 shares at $5.59 during a trade that took place back on Sep 05 ’24, which means that Arsov Robert is holding 14,769,837 shares at $153,725 based on the most recent closing price.
Stock Fundamentals for RUM
Current profitability levels for the company are sitting at:
- -1.93 for the present operating margin
- -0.94 for the gross margin
The net margin for Rumble Inc stands at -1.63. The total capital return value is set at -0.75. Equity return is now at value -51.93, with -42.56 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 -43.49. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 16.71.
Currently, EBITDA for the company is -123.68 million with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 22.62. The receivables turnover for the company is 7.78for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.56.
Conclusion
In summary, Rumble Inc (RUM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
