Rumble Inc (NASDAQ: RUM) on Friday, soared 1.09% from the previous trading day, before settling in for the closing price of $6.42. Within the past 52 weeks, RUM’s price has moved between $3.33 and $9.20.
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During the last 5-year period, the sales growth of Technology Sector giant was 140.54%. The company achieved an average annual earnings per share of -7.76%. With a float of $74.21 million, this company’s outstanding shares have now reached $114.93 million.
Let’s determine the extent of company efficiency that accounts for 158 employees. In terms of profitability, gross margin is -69.6%, operating margin of -168.19%, and the pretax margin is -156.62%.
Rumble Inc (RUM) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Rumble Inc is 73.85%, while institutional ownership is 9.17%. The most recent insider transaction that took place on Nov 06 ’24, was worth 178,025. In this transaction Director of this company sold 30,000 shares at a rate of $5.93, taking the stock ownership to the 12,517,337 shares. Before that another transaction happened on Nov 05 ’24, when Company’s Director sold 30,000 for $5.89, making the entire transaction worth $176,725. This insider now owns 12,547,337 shares in total.
Rumble Inc (RUM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -7.76% per share during the next fiscal year.
Rumble Inc (NASDAQ: RUM) Trading Performance Indicators
Rumble Inc (RUM) is currently performing well based on its current performance indicators. A quick ratio of 3.94 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 29.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.64, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.34 in one year’s time.
Technical Analysis of Rumble Inc (RUM)
Looking closely at Rumble Inc (NASDAQ: RUM), its last 5-days average volume was 4.96 million, which is a jump from its year-to-date volume of 3.11 million. As of the previous 9 days, the stock’s Stochastic %D was 53.28%. Additionally, its Average True Range was 0.53.
During the past 100 days, Rumble Inc’s (RUM) raw stochastic average was set at 58.58%, which indicates a significant decrease from 60.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.80% in the past 14 days, which was higher than the 72.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.70, while its 200-day Moving Average is $6.29. However, in the short run, Rumble Inc’s stock first resistance to watch stands at $6.65. Second resistance stands at $6.81. The third major resistance level sits at $6.99. If the price goes on to break the first support level at $6.31, it is likely to go to the next support level at $6.13. Should the price break the second support level, the third support level stands at $5.97.
Rumble Inc (NASDAQ: RUM) Key Stats
Market capitalization of the company is 2.56 billion based on 389,518K outstanding shares. Right now, sales total 80,960 K and income totals -116,420 K. The company made 25,060 K in profit during its latest quarter, and -31,540 K in sales during its previous quarter.
