Market cap of Rumble Inc. [RUM] reaches 2.13B – now what?

Rumble Inc. [NASDAQ: RUM] stock went on a downward path that fall over -12.99% on Thursday, amounting to a one-week price decrease of less than -28.57%. The company report on October 17, 2022 that Rumble Ad Center Releases Beta Version of Pre-Roll Video Ads.


China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored


Launching pre-roll video ads paves the way for increased creator earnings and furthers the platform’s monetization capability.

Over the last 12 months, RUM stock dropped by -27.03%. The one-year Rumble Inc. stock forecast points to a potential upside of 52.67. The average equity rating for RUM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.13 billion, with 280.23 million shares outstanding and 247.80 million shares in the current float. Compared to the average trading volume of 2.62M shares, RUM stock reached a trading volume of 6597423 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Rumble Inc. [RUM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RUM shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RUM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Rumble Inc. is set at 1.37, with the Price to Sales ratio for RUM stock in the period of the last 12 months amounting to 158.07. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 0.00.

RUM Stock Performance Analysis:

Rumble Inc. [RUM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.57. With this latest performance, RUM shares dropped by -41.61% in over the last four-week period, additionally sinking by -35.10% over the last 6 months – not to mention a drop of -27.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RUM stock in for the last two-week period is set at 30.50, with the RSI for the last a single of trading hit 22.47, and the three-weeks RSI is set at 35.30 for Rumble Inc. [RUM]. The present Moving Average for the last 50 days of trading for this stock 11.39, while it was recorded at 8.48 for the last single week of trading, and 11.37 for the last 200 days.

Insight into Rumble Inc. Fundamentals:

Return on Equity for this stock declined to -13.11, with Return on Assets sitting at -11.91.

Rumble Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.

Rumble Inc. [RUM] Insider Position Details

There are presently around $36 million, or 5.90% of RUM stock, in the hands of institutional investors. The top three institutional holders of RUM stocks are: BERYL CAPITAL MANAGEMENT LLC with ownership of 1,796,828, which is approximately New of the company’s market cap and around 5.90% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 588,288 shares of the stock with an approximate value of $4.18 million in RUM stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $3.28 million in RUM stock with ownership of nearly -1.448% of the company’s market capitalization.

Positions in Rumble Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 37 institutional holders increased their position in Rumble Inc. [NASDAQ:RUM] by around 2,781,004 shares. Additionally, 41 investors decreased positions by around 1,045,087 shares, while 36 investors held positions by with 1,233,626 shares. The mentioned changes placed institutional holdings at 5,059,717 shares, according to the latest SEC report filing. RUM stock had 22 new institutional investments in for a total of 2,285,333 shares, while 25 institutional investors sold positions of 890,492 shares during the same period.

LEAVE A REPLY

Please enter your comment!
Please enter your name here