Wall Street analysts’ outlook for Rumble Inc (RUM)

With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.5 whereas the lowest price it dropped to was $5.325. The 52-week range on RUM shows that it touched its highest point at $9.20 and its lowest point at $3.33 during that stretch. It currently has a 1-year price target of $8.00. Beta for the stock currently stands at 0.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RUM was down-trending over the past week, with a drop of -0.74%, but this was down by -1.28% over a month. Three-month performance dropped to -24.83% while six-month performance fell -15.25%. The stock gained 3.85% in the past year, while it has gained 20.04% so far this year. A look at the trailing 12-month EPS for RUM yields -0.63 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.12. This implies an EPS growth rate of 3.45% for this year and 43.75% for next year.

Float and Shares Shorts:

At present, 114.93 million RUM shares are outstanding with a float of 73.61 million shares on hand for trading. On 2024-09-30, short shares totaled 14.7 million, which was 519.0 higher than short shares on 1724976000. In addition to Mr. Christopher Pavlovski as the firm’s Founder, Chairman & CEO, Dr. Tyler Hughes serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.23079 of RUM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, RUM reported revenue of $22469543.0 and operating income of -$38795804.0. The EBITDA in the recently reported quarter was -$44962712.0 and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RUM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.