At the time of writing, Rumble Inc [RUM] stock is trading at $8.41, up 20.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RUM shares have gain 18.45% over the last week, with a monthly amount glided 44.75%, 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.
For the past year, the stock price of Rumble Inc fluctuated between $3.33 and $9.20. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Rumble Inc [NASDAQ: RUM] shares were valued at $8.41 at the most recent close of the market. An investor can expect a potential return of 78.36% based on the average RUM price forecast.
Analyzing the RUM fundamentals
According to Rumble Inc [NASDAQ:RUM], the company’s sales were 85.65M for trailing twelve months, which represents an 39.34% jump. 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 -0.6, Equity is -0.64 and Total Capital is -0.81.
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 7.40 points at the first support level, and at 6.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.14, and for the 2nd resistance point, it is at 9.86.
Ratios To Look Out For
It is important to note that Rumble Inc [NASDAQ:RUM] has a current ratio of 3.94. Further, the Quick Ratio stands at 3.94, while the Cash Ratio is 3.24. Considering the valuation of this stock, the price to sales ratio is 46.12, the price to book ratio is 14.36.
Transactions by insiders
Recent insider trading involved Arsov Robert, Director, that happened on Dec 02 ’24 when 29988.0 shares were sold. Director, Arsov Robert completed a deal on Nov 06 ’24 to sell 30000.0 shares. Meanwhile, Director Arsov Robert sold 30000.0 shares on Nov 05 ’24.
