Rumble Inc (NASDAQ: RUM) kicked off on Monday, down -3.10% from the previous trading day, before settling in for the closing price of $7.10. Over the past 52 weeks, RUM has traded in a range of $3.33-$9.20.
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Annual sales at Technology sector company grew by 140.54% over the past five years. While this was happening, its average annual earnings per share was recorded -7.76%. With a float of $74.21 million, this company’s outstanding shares have now reached $118.50 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. 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) Latest Financial update
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
Take a look at Rumble Inc’s (RUM) current performance indicators. Last quarter, stock had a quick ratio of 3.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 31.29.
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)
Rumble Inc (NASDAQ: RUM) saw its 5-day average volume 4.11 million, a positive change from its year-to-date volume of 3.13 million. As of the previous 9 days, the stock’s Stochastic %D was 70.11%. Additionally, its Average True Range was 0.55.
During the past 100 days, Rumble Inc’s (RUM) raw stochastic average was set at 68.47%, which indicates a significant increase from 64.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.17% in the past 14 days, which was higher than the 75.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.87, while its 200-day Moving Average is $6.29. Nevertheless, the first resistance level for the watch stands at $7.16 in the near term. At $7.44, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.63. If the price goes on to break the first support level at $6.69, it is likely to go to the next support level at $6.50. The third support level lies at $6.22 if the price breaches the second support level.
Rumble Inc (NASDAQ: RUM) Key Stats
The company with the Market Capitalisation of 2.68 billion has total of 389,518K Shares Outstanding. Its annual sales at the moment are 80,960 K in contrast with the sum of -116,420 K annual income. Company’s last quarter sales were recorded 25,060 K and last quarter income was -31,540 K.
