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The closing price of Rumble Inc (NASDAQ: RUM) was $5.21 for the day, down -3.34% from the previous closing price of $5.39. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 0.92 million shares were traded. RUM stock price reached its highest trading level at $5.39 during the session, while it also had its lowest trading level at $5.21.
Ratios:
Our analysis of RUM’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.56 and its Current Ratio is at 4.56. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wedbush on July 17, 2024, initiated with a Neutral rating and assigned the stock a target price of $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 06 ’24 when Arsov Robert sold 27,500 shares for $5.23 per share. The transaction valued at 143,825 led to the insider holds 14,742,337 shares of the business.
Arsov Robert sold 27,500 shares of RUM for $153,725 on Sep 05 ’24. The Director now owns 14,769,837 shares after completing the transaction at $5.59 per share. On Sep 03 ’24, another insider, Arsov Robert, who serves as the Director of the company, sold 27,500 shares for $5.57 each. As a result, the insider received 153,175 and left with 14,824,837 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RUM now has a Market Capitalization of 1475633536 and an Enterprise Value of 1324015104. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.78 while its Price-to-Book (P/B) ratio in mrq is 7.66. Its current Enterprise Value per Revenue stands at 16.85 whereas that against EBITDA is -9.332.
Stock Price History:
Over the past 52 weeks, RUM has reached a high of $9.20, while it has fallen to a 52-week low of $3.33. The 50-Day Moving Average of the stock is -13.29%, while the 200-Day Moving Average is calculated to be -15.25%.
Shares Statistics:
RUM traded an average of 1.36M shares per day over the past three months and 869030 shares per day over the past ten days. A total of 114.93M shares are outstanding, with a floating share count of 73.50M. Insiders hold about 74.82% of the company’s shares, while institutions hold 9.17% stake in the company. Shares short for RUM as of 1724976000 were 13972337 with a Short Ratio of 10.30, compared to 1722384000 on 14238958.
