Company’s 36-month beta value is 0.72.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for RUM is 74.21M, and currently, short sellers hold a 20.39% ratio of that floaft. The average trading volume of RUM on November 19, 2024 was 1.82M shares.
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RUM) stock’s latest price update
The stock price of Rumble Inc (NASDAQ: RUM) has plunged by -1.25 when compared to previous closing price of 5.61, but the company has seen a -23.16% decline in its stock price over the last five trading sessions. benzinga.com reported 2024-11-13 that U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 0.3% on Wednesday.
RUM’s Market Performance
RUM’s stock has fallen by -23.16% in the past week, with a monthly drop of -2.98% and a quarterly drop of -10.21%. The volatility ratio for the week is 7.63% while the volatility levels for the last 30 days are 8.69% for Rumble Inc The simple moving average for the last 20 days is -7.46% for RUM stock, with a simple moving average of -12.40% for the last 200 days.
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 -1.80% 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 -39.78% of loss for the given period.
Volatility was left at 8.69%, however, over the last 30 days, the volatility rate increased by 7.63%, as shares sank -1.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.20% upper at present.
During the last 5 trading sessions, RUM fell by -23.16%, which changed the moving average for the period of 200-days by -19.83% in comparison to the 20-day moving average, which settled at $5.99. In addition, Rumble Inc saw 23.39% 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 30,000 shares at the price of $5.93 back on Nov 06 ’24. After this action, Arsov Robert now owns 12,517,337 shares of Rumble Inc, valued at $178,025 using the latest closing price.
Arsov Robert, the Director of Rumble Inc, sale 30,000 shares at $5.89 during a trade that took place back on Nov 05 ’24, which means that Arsov Robert is holding 12,547,337 shares at $176,725 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
- -0.7 for the gross margin
The net margin for Rumble Inc stands at -1.53. The total capital return value is set at -0.77. Equity return is now at value -59.32, with -47.72 for asset returns.
Currently, EBITDA for the company is -131.47 million with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of 23.69. The receivables turnover for the company is 7.58for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.94.
Conclusion
In a nutshell, Rumble Inc (RUM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
