Currently, Rumble Inc [RUM] is trading at $7.21, up 18.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RUM shares have gain 24.96% over the last week, with a monthly amount glided 33.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rumble Inc [NASDAQ: RUM] stock has seen the most recent analyst activity on July 17, 2024, when Wedbush initiated its Neutral rating and assigned the stock a price target of $8.
This stock has fluctuated between a low of $3.33 and a high of $9.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Rumble Inc [NASDAQ: RUM] shares were valued at $7.21 at the most recent close of the market. An investor can expect a potential return of 108.04% based on the average RUM price forecast.
Analyzing the RUM fundamentals
Trailing Twelve Months sales for Rumble Inc [NASDAQ:RUM] were 78.58M which represents -10.03% decline. Gross Profit Margin for this corporation currently stands at -0.94% with Operating Profit Margin at -1.93%, Pretax Profit Margin comes in at -1.67%, and Net Profit Margin reading is -1.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.53, Equity is -0.55 and Total Capital is -0.75. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.47 points at the first support level, and at 5.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.62, and for the 2nd resistance point, it is at 8.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rumble Inc [NASDAQ:RUM] is 4.56. Also, the Quick Ratio is 4.56, while the Cash Ratio stands at 3.81. Considering the valuation of this stock, the price to sales ratio is 38.10, the price to book ratio is 10.60.
Transactions by insiders
Recent insider trading involved Arsov Robert, Director, that happened on Nov 06 ’24 when 30000.0 shares were sold. Director, Arsov Robert completed a deal on Nov 05 ’24 to sell 30000.0 shares. Meanwhile, Director Arsov Robert sold 27500.0 shares on Nov 01 ’24.
