The closing price of Rumble Inc (NASDAQ: RUM) was $6.73 for the day, down -4.40% from the previous closing price of $7.04. In other words, the price has decreased by -$0.31 from its previous closing price. On the day, 2931555 shares were traded. RUM stock price reached its highest trading level at $7.09 during the session, while it also had its lowest trading level at $6.40.
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 6.47 and its Current Ratio is at 6.47. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 Dec 07 ’23 when Milnes Ryan sold 1,100,000 shares for $4.35 per share. The transaction valued at 4,785,220 led to the insider holds 36,491 shares of the business.
Milnes Ryan sold 1,100,000 shares of RUM for $5,115,990 on Nov 27 ’23. The Director now owns 36,491 shares after completing the transaction at $4.65 per share.
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 1.97B and an Enterprise Value of 1.71B. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.41 while its Price-to-Book (P/B) ratio in mrq is 6.86. Its current Enterprise Value per Revenue stands at 21.21 whereas that against EBITDA is -18.95.
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 5.85, while the 200-Day Moving Average is calculated to be 6.67.
Shares Statistics:
RUM traded an average of 5.94M shares per day over the past three months and 2.62M shares per day over the past ten days. A total of 111.47M shares are outstanding, with a floating share count of 64.19M. Insiders hold about 77.09% of the company’s shares, while institutions hold 8.83% stake in the company. Shares short for RUM as of Feb 15, 2024 were 17.12M with a Short Ratio of 2.47, compared to 10.04M on Jan 12, 2024.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.22, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.67 and -$0.67 for the fiscal current year, implying an average EPS of -$0.67. EPS for the following year is -$0.58, with 1 analysts recommending between -$0.58 and -$0.58.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $28.13M to a low estimate of $28.13M. As of the current estimate, Rumble Inc’s year-ago sales were $19.96M, an estimated increase of 41.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $22.47M, an increase of 27.60% less than the figure of $41.00% in the same quarter last year. There is a high estimate of $22.47M for the next quarter, whereas the lowest estimate is $22.47M.
A total of 1 analysts have provided revenue estimates for RUM’s current fiscal year. The highest revenue estimate was $88.7M, while the lowest revenue estimate was $88.7M, resulting in an average revenue estimate of $88.7M. In the same quarter a year ago, actual revenue was $39.38M, up 125.20% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $183.19M in the next fiscal year. The high estimate is $183.19M and the low estimate is $183.19M. The average revenue growth estimate for next year is up 106.50% from the average revenue estimate for this year.
