Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $12.40 in the prior trading day, Rumble Inc (NASDAQ: RUM) closed at $13.43, up 8.31%. In other words, the price has increased by $8.31 from its previous closing price. On the day, 6.32 million shares were traded. RUM stock price reached its highest trading level at $13.51 during the session, while it also had its lowest trading level at $12.18.
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 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 3813824512 and an Enterprise Value of 1590252160. For the stock, the TTM Price-to-Sale (P/S) ratio is 66.19 while its Price-to-Book (P/B) ratio in mrq is 22.93. Its current Enterprise Value per Revenue stands at 20.238 whereas that against EBITDA is -11.209.
Stock Price History:
Over the past 52 weeks, RUM has reached a high of $17.40, while it has fallen to a 52-week low of $3.33. The 50-Day Moving Average of the stock is 70.79%, while the 200-Day Moving Average is calculated to be 103.59%.
Shares Statistics:
The stock has traded on average 6.21M shares per day over the past 3-months and 21139010 shares per day over the last 10 days, according to various share statistics. A total of 118.50M shares are outstanding, with a floating share count of 74.44M. Insiders hold about 90.74% of the company’s shares, while institutions hold 9.15% stake in the company. Shares short for RUM as of 1730332800 were 14679216 with a Short Ratio of 2.43, compared to 1727654400 on 14701795.
