Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Rumble Inc (NASDAQ: RUM) closed the day trading at $10.21 down -6.50% from the previous closing price of $10.92. In other words, the price has decreased by -$6.50 from its previous closing price. On the day, 4.26 million shares were traded. RUM stock price reached its highest trading level at $11.05 during the session, while it also had its lowest trading level at $10.06.
Ratios:
For a better understanding of RUM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.94 and its Current Ratio is at 3.94. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 02 ’24 when Arsov Robert sold 29,988 shares for $6.90 per share. The transaction valued at 206,942 led to the insider holds 12,487,349 shares of the business.
Arsov Robert sold 30,000 shares of RUM for $178,025 on Nov 06 ’24. The Director now owns 12,517,337 shares after completing the transaction at $5.93 per share. On Nov 05 ’24, another insider, Arsov Robert, who serves as the Director of the company, sold 30,000 shares for $5.89 each. As a result, the insider received 176,725 and left with 12,547,337 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 2899507456 and an Enterprise Value of 1590252160. For the stock, the TTM Price-to-Sale (P/S) ratio is 66.15 while its Price-to-Book (P/B) ratio in mrq is 17.43. Its current Enterprise Value per Revenue stands at 20.238 whereas that against EBITDA is -11.209.
Stock Price History:
The Beta on a monthly basis for RUM is 0.55, which has changed by 2.0249307 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, RUM has reached a high of $17.40, while it has fallen to a 52-week low of $3.37. The 50-Day Moving Average of the stock is 19.18%, while the 200-Day Moving Average is calculated to be 52.10%.
Shares Statistics:
Over the past 3-months, RUM traded about 6.69M shares per day on average, while over the past 10 days, RUM traded about 6438400 shares per day. A total of 449.14M shares are outstanding, with a floating share count of 177.08M. Insiders hold about 60.57% of the company’s shares, while institutions hold 5.79% stake in the company. Shares short for RUM as of 1730332800 were 14679216 with a Short Ratio of 1.64, compared to 1727654400 on 14701795.
