On Monday, Rumble Inc (NASDAQ: RUM) opened higher 14.08% from the last session, before settling in for the closing price of $5.68. Price fluctuations for RUM have ranged from $3.33 to $9.20 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 140.54% annually for the last half of the decade. Company’s average yearly earnings per share was noted 3.45% at the time writing. With a float of $73.89 million, this company’s outstanding shares have now reached $114.93 million.
In an organization with 158 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -93.63%, operating margin of -192.72%, and the pretax margin is -167.38%.
Rumble Inc (RUM) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Rumble Inc is 73.95%, while institutional ownership is 9.16%. The most recent insider transaction that took place on Oct 04 ’24, was worth 912,461. Before that another transaction happened on Oct 01 ’24, when Company’s Director sold 27,500 for $5.24, making the entire transaction worth $144,100. This insider now owns 12,714,837 shares in total.
Rumble Inc (RUM) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.14 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.17) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.45% per share during the next fiscal year.
Rumble Inc (NASDAQ: RUM) Trading Performance Indicators
Check out the current performance indicators for Rumble Inc (RUM). In the past quarter, the stock posted a quick ratio of 4.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 23.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.63, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.32 in one year’s time.
Technical Analysis of Rumble Inc (RUM)
Let’s dig in a bit further. During the last 5-days, its volume was 4.14 million. That was better than the volume of 3.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 44.77%. Additionally, its Average True Range was 0.40.
During the past 100 days, Rumble Inc’s (RUM) raw stochastic average was set at 58.21%, which indicates a significant decrease from 92.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.06% in the past 14 days, which was higher than the 62.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.57, while its 200-day Moving Average is $6.27. However, in the short run, Rumble Inc’s stock first resistance to watch stands at $6.75. Second resistance stands at $7.03. The third major resistance level sits at $7.47. If the price goes on to break the first support level at $6.03, it is likely to go to the next support level at $5.59. The third support level lies at $5.31 if the price breaches the second support level.
Rumble Inc (NASDAQ: RUM) Key Stats
There are currently 387,872K shares outstanding in the company with a market cap of 1.84 billion. Presently, the company’s annual sales total 80,960 K according to its annual income of -116,420 K. Last quarter, the company’s sales amounted to 22,470 K and its income totaled -26,780 K.
