Analysts’ Views On Rumble Inc. (RUM)

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Rumble Inc. (NASDAQ:RUM) traded with an addition of $1.25 to $13.41 on Thursday, an upside of 10.26 percent. An average of 8,497,657 shares of common stock have been traded in the last five days. There was a gain of $1.68 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 5,205,890 shares traded, while the 50-day average volume stands at 2,596,444.

RUM stock has increased by 20.87% in the last month. The company shares reached their 1-month lowest point of $10.06 on 08/26/22. With the stock rallying to its 52-week high on 02/07/22, shares of the company touched a low of $9.67 and a high of $18.52 in 52 weeks. It has reached a new high 6 times so far this year and achieved 12.28% or $2.47 in price. In spite of this, the price is down -27.61% from the 52-week high.


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Earnings Surprise

At the end of the recent quarter, Rumble Inc.’s stock balance sheet showed total liabilities of 54.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Rumble Inc. (RUM) price momentum. RSI 9-day as of the close on 21 September was 53.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 258.82%.

As of today, RUM’s price is $13.42 +14.41% or $1.68 from its 5-day moving average. RUM is currently trading +31.11% higher than its 20-day SMA and +6.53% higher than its 100-day SMA. However, the stock’s current price level is +32.16% above the SMA50 and +4.69% above the SMA200.

The stochastic %K and %D were 28.88% and 44.44%, respectively, and the average true range (ATR) was 1.82. With the 14-day stochastic at 35.60% and the average true range at 1.45, the RSI (14) stands at 54.61%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.

Analyst Ratings

The consensus rating for Rumble Inc. (RUM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RUM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is RUM’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $15.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for Rumble Inc. (RUM) stock is $15.00.

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