Rumble Inc. (NASDAQ:RUM) finished Friday with an addition of $0.06 to close at $8.22, an upside of 0.74 percent. An average of 670,240 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,091,265 shares traded, while the 50-day average volume stands at 1,175,186.
RUM stock has decreased by -6.38% in the last month. The company shares reached their 1-month lowest point of $7.77 on 07/24/23. With the stock rallying to its 52-week high on 06/12/23, shares of the company touched a low of $5.81 and a high of $17.23 in 52 weeks. It has reached a new high 13 times so far this year and achieved 38.15% or $2.27 in price. In spite of this, the price is down -52.29% from the 52-week high.
Valuation Metrics
Rumble Inc. (RUM) stock’s beta is 0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 43.34, the price-to-book (PB) ratio at 5.30.
Financial Health
The quick ratio of Rumble Inc. for the three months ended March 30 was 15.60, and the current ratio was 15.60, 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 quarter ending March 30. Rumble Inc.’s EBITDA margin for the year ending March 30 is -82.27%. Its gross profit as reported stood at -$4.36 million compared to revenue of $39.38 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rumble Inc.’s return on assets was -12.70%.
Earnings Surprise
For the three-month period that ended March 30, Rumble Inc. had $1.1 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$28.67 million in the quarter, while revenues of -$18.21 million were grew 64.77%. The analyst consensus anticipated Rumble Inc.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.14, a -1,300.00% surprise. For the quarter, EBITDA amounted to -$22.96 million. 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 11 August was 46.84%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.98%.
As of today, RUM’s price is $8.16 +0.98% or $0.08 from its 5-day moving average. RUM is currently trading -0.96% lower than its 20-day SMA and +1.48% higher than its 100-day SMA. However, the stock’s current price level is -16.72% below the SMA50 and +14.80% above the SMA200.
The stochastic %K and %D were 30.71% and 32.06%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 32.32% and the average true range at 0.34, the RSI (14) stands at 44.59%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
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 $12.00 and $12.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Rumble Inc. (RUM) stock is $12.00.
