Rumble Inc (NASDAQ:RUM) traded at $6.93 at close of the session on Monday, April 29, made an upward move of 6.13% on its previous day’s price.
Looking at the stock we see that its previous close was $6.53. In terms of its 52-week price range, RUM has a high of $11.25 and a low of $3.33. The company’s stock has lost about -14.23% over that past 30 days.
Rumble Inc has a market cap of $1.95 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.19, with the EPS growth for the year raised at -$0.64 for 2024 and -$0.25 for next year. These figures represent -10.30% and 60.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $18.27 million, with a low of $18.27 million and a high of $18.27 million. The median projection represents growth squeezing down to 3.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $102.63 million, or 26.80% up from figures reported last year.
On the other hand, looking at the outlook for the RUM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 6.03% off its SMA20 and -1.28% from its 50-day simple moving average. The RSI (14) is pointing at 54.19 while the volatility over the past week is 4.80% and jumps to 6.06% over the past one month. The beta value is 0.90, while the average true range (ATR) is currently pointing at 0.43.
Coming back to Rumble Inc (NASDAQ:RUM), we note that the average 3-month trading volume was 4.06 million. Current shares outstanding are 114.93 million.
The insiders hold 76.42% of the company’s shares while institutions hold 8.60%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 54.34% up in year-to-date price movement.
