Rumble Inc [NASDAQ: RUM] plunged by -$0.27 during the normal trading session on while it closed the day at $7.04.
Rumble Inc stock has also gained 23.94% of its value over the past 7 days. However, RUM stock has inclined by 20.55% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.32% and gained 56.79% year-on date.
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The market cap for RUM stock reached $2.74 billion, with 114.93 million shares outstanding and 74.21 million shares in the current float. Compared to the average trading volume of 2.25M shares, RUM reached a trading volume of 5968521 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $8.00 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 3.00. 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.
Wedbush have made an estimate for Rumble Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Perform. The new note on the price target was released on December 02, 2022, representing the official price target for Rumble Inc stock.
The Average True Range (ATR) for Rumble Inc is set at 0.59, with the Price to Sales ratio for RUM stock in the period of the last 12 months amounting to 32.02. The Price to Book ratio for the last quarter was 12.02, with the Price to Cash per share for the same quarter was set at 0.34.
RUM stock trade performance evaluation
Rumble Inc [RUM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.94. With this latest performance, RUM shares gained by 8.64% in over the last four-week period, additionally plugging by 7.32% over the last 6 months – not to mention a rise of 52.22% 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 61.68, with the RSI for the last a single of trading hit 64.39, and the three-weeks RSI is set at 59.81 for Rumble Inc [RUM]. The present Moving Average for the last 50 days of trading for this stock 5.76, while it was recorded at 6.66 for the last single week of trading, and 6.29 for the last 200 days.
Rumble Inc [RUM]: An insightful look at the core fundamentals
Rumble Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.94 and a Current Ratio set at 3.94.
Rumble Inc [RUM]: Institutional Ownership
There are presently around $22.86%, or 30.76%% of RUM stock, in the hands of institutional investors. The top three institutional holders of RUM stocks are: AUSTIN PRIVATE WEALTH, LLC with ownership of 34.0 million shares, which is approximately 16.8397%. CANTOR FITZGERALD, L. P., holding 9.33 million shares of the stock with an approximate value of $$44.01 million in RUM stocks shares; and CANTOR FITZGERALD, L. P., currently with $$42.85 million in RUM stock with ownership which is approximately 3.8236%.
