Rumble Inc [RUM] stock is trading at $6.42, up 6.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The RUM shares have gain 8.63% over the last week, with a monthly amount glided 14.64%, 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.
Rumble Inc [RUM] stock has fluctuated between $3.33 and $9.20 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Rumble Inc [NASDAQ: RUM] shares were valued at $6.42 at the most recent close of the market. An investor can expect a potential return of 133.64% based on the average RUM price forecast.
Analyzing the RUM fundamentals
Rumble Inc [NASDAQ:RUM] reported sales of 85.65M for the trailing twelve months, which represents a growth of 39.34%. Gross Profit Margin for this corporation currently stands at -0.7% with Operating Profit Margin at -1.68%, Pretax Profit Margin comes in at -1.57%, and Net Profit Margin reading is -1.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.65, Equity is -0.64 and Total Capital is -0.77.
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 6.00 points at the first support level, and at 5.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.75, and for the 2nd resistance point, it is at 7.08.
Ratios To Look Out For
For context, Rumble Inc’s Current Ratio is 3.94. On the other hand, the Quick Ratio is 3.94, and the Cash Ratio is 9.59. Considering the valuation of this stock, the price to sales ratio is 29.20, the price to book ratio is 10.96.
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.
