Rumble Inc [NASDAQ: RUM] stock went on an upward path that rose over 2.93% on Thursday, amounting to a one-week price increase of more than 19.30%.
Over the last 12 months, RUM stock rose by 165.44%. The one-year Rumble Inc stock forecast points to a potential upside of 21.33. The average equity rating for RUM stock is currently 2.33, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.20 billion, with 449.14 million shares outstanding and 239.31 million shares in the current float. Compared to the average trading volume of 7.01M shares, RUM stock reached a trading volume of 6548606 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 $16.50 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 2.33. 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.
Maxim Group have made an estimate for Rumble Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 15, 2025. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on July 17, 2024, representing the official price target for Rumble Inc stock.
The Average True Range (ATR) for Rumble Inc is set at 1.36, with the Price to Sales ratio for RUM stock in the period of the last 12 months amounting to 84.10. The Price to Book ratio for the last quarter was 22.16, with the Price to Cash per share for the same quarter was set at 0.24.
RUM Stock Performance Analysis:
Rumble Inc [RUM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.30. With this latest performance, RUM shares gained by 78.54% in over the last four-week period, additionally plugging by 89.08% over the last 6 months – not to mention a rise of 165.44% 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 58.98, with the RSI for the last a single of trading hit 59.31, and the three-weeks RSI is set at 59.28 for Rumble Inc [RUM]. The present Moving Average for the last 50 days of trading for this stock 9.36, while it was recorded at 12.72 for the last single week of trading, and 6.87 for the last 200 days.
Insight into Rumble Inc 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] Institutonal Ownership Details
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%.
