Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Rumble Inc (NASDAQ: RUM) was $6.88 for the day, down -1.43% from the previous closing price of $6.98. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 0.79 million shares were traded. RUM stock price reached its highest trading level at $6.99 during the session, while it also had its lowest trading level at $6.77.
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 6.97 and its Current Ratio is at 6.97. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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 May 03 ’24 when Arsov Robert sold 35,000 shares for $6.85 per share. The transaction valued at 239,750 led to the insider holds 15,208,902 shares of the business.
Arsov Robert sold 35,000 shares of RUM for $236,550 on May 02 ’24. The Director now owns 15,243,902 shares after completing the transaction at $6.76 per share. On May 01 ’24, another insider, Arsov Robert, who serves as the Director of the company, sold 35,012 shares for $6.70 each. As a result, the insider received 234,622 and left with 15,278,902 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 1954938240 and an Enterprise Value of 1711461248. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.95 while its Price-to-Book (P/B) ratio in mrq is 7.66. Its current Enterprise Value per Revenue stands at 21.139 whereas that against EBITDA is -13.018.
Stock Price History:
Over the past 52 weeks, RUM has reached a high of $11.25, while it has fallen to a 52-week low of $3.33. The 50-Day Moving Average of the stock is -1.40%, while the 200-Day Moving Average is calculated to be 11.40%.
Shares Statistics:
RUM traded an average of 3.40M shares per day over the past three months and 933000 shares per day over the past ten days. A total of 114.93M shares are outstanding, with a floating share count of 66.44M. Insiders hold about 76.42% of the company’s shares, while institutions hold 8.61% stake in the company. Shares short for RUM as of 1713139200 were 12502422 with a Short Ratio of 3.68, compared to 1710460800 on 14695497.
