After finishing at $7.62 in the prior trading day, Rumble Inc (NASDAQ: RUM) closed at $7.63, up 0.07%. In other words, the price has increased by $+0.01 from its previous closing price. On the day, 1734189 shares were traded. RUM stock price reached its highest trading level at $7.65 during the session, while it also had its lowest trading level at $7.31.
Ratios:
Our goal is to gain a better understanding of RUM by taking a closer look at its different ratios. 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:
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 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 2.14B and an Enterprise Value of 1.87B. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.54 while its Price-to-Book (P/B) ratio in mrq is 7.77. Its current Enterprise Value per Revenue stands at 23.26 whereas that against EBITDA is -20.78.
Stock Price History:
The Beta on a monthly basis for RUM is 0.78, which has changed by -8.29% over the last 52 weeks, in comparison to a change of 31.54% over the same period for the S&P500. 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 6.42, while the 200-Day Moving Average is calculated to be 6.54.
Shares Statistics:
The stock has traded on average 6.46M shares per day over the past 3-months and 4.81M shares per day over the last 10 days, according to various share statistics. 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 29, 2024 were 13.91M with a Short Ratio of 2.15, compared to 17.12M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 1 different market 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
1 analysts predict $28.13M in revenue for the current quarter. 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.
