Rumble Inc. (RUM) Shares: Are They Risky Or Cheap?

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Rumble Inc. (NASDAQ:RUM) finished Wednesday with a subtraction of -$0.39 to close at $6.04, a downside of -6.07 percent. An average of 963,560 shares of common stock have been traded in the last five days. There was a fall of -$1.10 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,425,425 shares traded, while the 50-day average volume stands at 2,220,184.

RUM stock has decreased by -33.84% in the last month. The company shares reached their 1-month lowest point of $5.85 on 12/28/22. With the stock rallying to its 52-week high on 02/07/22, shares of the company touched a low of $6.16 and a high of $18.52 in 52 weeks. It has reached a new high 6 times so far this year and lost -44.23% or -$4.79 in price. In spite of this, the price is down -67.39% from the 52-week high.


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Valuation Metrics

Rumble Inc. (RUM) has a trailing price-to-sales (P/S) ratio at 110.30, the price-to-book (PB) ratio at 6.86.

Financial Health

The quick ratio of Rumble Inc. for the recent quarter was 26.90, and the current ratio was 26.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

Earnings Surprise

The company posted a net income of -$1.86 million in the quarter, while revenues of $18.76 million were grew 146.24%. Shareholders own equity worth $384.91 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 28 December was 17.80%, suggesting the stock is oversold, with historical volatility in this time frame at 39.75%.

As of today, RUM’s price is $6.57 -15.41% or -$1.10 from its 5-day moving average. RUM is currently trading -35.26% lower than its 20-day SMA and -39.84% lower than its 100-day SMA. However, the stock’s current price level is -30.65% below the SMA50 and -47.16% below the SMA200.

The stochastic %K and %D were 7.43% and 6.78%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 7.60% and the average true range at 0.69, the RSI (14) stands at 26.46%. The stock has reached -0.72 on the 9-day MACD Oscillator while the 14-day reading was at -1.04.

Analyst Ratings

Oppenheimer launched coverage on Rumble Inc. (NASDAQ: RUM) in its analyst report released on December 02, 2022. The firm assigned the stock a Perform rating. The consensus rating for Rumble Inc. (RUM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RUM, while 1 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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