A new trading day began on Monday, with Rumble Inc (NASDAQ: RUM) stock price down -3.33% from the previous day of trading, before settling in for the closing price of $8.41. RUM’s price has ranged from $3.33 to $9.20 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 140.54%. Meanwhile, its annual earnings per share averaged -7.76%. With a float of $74.22 million, this company’s outstanding shares have now reached $118.50 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
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 73.84%, while institutional ownership is 9.17%. The most recent insider transaction that took place on Dec 02 ’24, was worth 206,942. In this transaction Director of this company sold 29,988 shares at a rate of $6.90, taking the stock ownership to the 12,487,349 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Director sold 30,000 for $5.93, making the entire transaction worth $178,025. This insider now owns 12,517,337 shares in total.
Rumble Inc (RUM) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
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
Here are Rumble Inc’s current performance indicators. According to the last quarter’s results, the 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 36.97.
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 5.15 million, which is a jump from its year-to-date volume of 3.18 million. As of the previous 9 days, the stock’s Stochastic %D was 64.23%. Additionally, its Average True Range was 0.65.
During the past 100 days, Rumble Inc’s (RUM) raw stochastic average was set at 81.68%, which indicates a significant increase from 79.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.26% in the past 14 days, which was higher than the 75.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.10, while its 200-day Moving Average is $6.30. However, in the short run, Rumble Inc’s stock first resistance to watch stands at $8.60. Second resistance stands at $9.07. The third major resistance level sits at $9.35. If the price goes on to break the first support level at $7.85, it is likely to go to the next support level at $7.57. Should the price break the second support level, the third support level stands at $7.10.
Rumble Inc (NASDAQ: RUM) Key Stats
With a market capitalization of 3.17 billion, the company has a total of 389,518K Shares Outstanding. Currently, annual sales are 80,960 K while annual income is -116,420 K. The company’s previous quarter sales were 25,060 K while its latest quarter income was -31,540 K.
