A new trading day began on Tuesday, with Rumble Inc (NASDAQ: RUM) stock price up 3.21% from the previous day of trading, before settling in for the closing price of $6.23. RUM’s price has ranged from $3.33 to $11.25 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 140.54% over the last five years. Meanwhile, its annual earnings per share averaged -10.34%. With a float of $65.58 million, this company’s outstanding shares have now reached $114.93 million.
The firm has a total of 158 workers. Let’s measure their productivity.
Rumble Inc (RUM) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Rumble Inc is 76.60%, while institutional ownership is 8.62%. The most recent insider transaction that took place on Apr 08 ’24, was worth 864,017. In this transaction Director of this company sold 133,896 shares at a rate of $6.45, taking the stock ownership to the 3,390 shares. Before that another transaction happened on Apr 05 ’24, when Company’s Director sold 383,362 for $6.46, making the entire transaction worth $2,474,602. This insider now owns 4,692 shares in total.
Rumble Inc (RUM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -10.34% per share during the next fiscal year.
Rumble Inc (NASDAQ: RUM) Trading Performance Indicators
Here are Rumble Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 22.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.58, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of Rumble Inc (RUM)
Analysing the last 5-days average volume posted by the [Rumble Inc, RUM], we can find that recorded value of 1.06 million was lower than the volume posted last year of 5.78 million. As of the previous 9 days, the stock’s Stochastic %D was 33.88%. Additionally, its Average True Range was 0.47.
During the past 100 days, Rumble Inc’s (RUM) raw stochastic average was set at 52.81%, which indicates a significant increase from 45.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.41% in the past 14 days, which was lower than the 107.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.06, while its 200-day Moving Average is $6.24. Now, the first resistance to watch is $6.55. This is followed by the second major resistance level at $6.68. The third major resistance level sits at $6.89. If the price goes on to break the first support level at $6.21, it is likely to go to the next support level at $6.00. Should the price break the second support level, the third support level stands at $5.87.
Rumble Inc (NASDAQ: RUM) Key Stats
With a market capitalization of 1.80 billion, the company has a total of 386,063K Shares Outstanding. Currently, annual sales are 80,960 K while annual income is -116,420 K. The company’s previous quarter sales were 20,390 K while its latest quarter income was -29,280 K.
