The stock of Rumble Inc. (NASDAQ:RUM) decreased by -$0.28 on Tuesday to finish at $5.65, down -4.72 percent. The last five days have seen an average of 2,824,900 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.30. The average number of shares traded over the last 20 days was 1,386,470, while the average volume over the last 50 days totaled 1,286,466.
RUM stock dropped -19.52% since last month. On 09/19/23, the company’s shares reached a one-month low of $5.30. The stock touched a high of $17.23 on 06/12/23, after rallying from a low of $5.81 in 52 weeks. The price of RUM stock has declined by -5.04% or -$0.30 this year, reaching a new high 13 times. Still, the stock price is down -67.21% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.63. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 22.23, the price-to-book (PB) ratio of 3.77.
Financial Health
For the three months ended June 29, Rumble Inc.’s quick ratio was 8.20, while its current ratio was 8.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -40.70% percent. Based on annual data, it had gross profit of -$4.36 million and revenue of $39.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RUM’s return on assets (ROA) during the last 12 months has been -16.80%. There was a -10.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.00%.
Earnings Surprise
According to Rumble Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $24.97 million, while revenues rose by 100.0% to $17.62 million. It was predicted that Rumble Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.08, beating the consensus by -87.50%. EBITDA was -$33.83 million for the quarter. At the end of Rumble Inc.’s most recent quarter ended June 29, its liabilities totaled 58.27 million, while its total debt was $1.08 million. Equity owned by shareholders amounts to $385.92 million.
Technical Picture
Here’s a quick look at Rumble Inc.’s (RUM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 16.78%, suggesting the stock is oversold, with a 58.87% historical volatility rate.
The stochastic %K and %D were 7.40% and 8.29% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 10.64%, the RSI (14) reading is 23.33%. On the 9-day MACD Oscillator, the stock is at -0.60, and the 14-day reading is at -1.02.
Analyst Ratings
In its analyst report released on December 02, 2022, Oppenheimer began covering Rumble Inc. (NASDAQ: RUM). The stock was rated as a Perform by the brokerage firm. Analysts have assigned Rumble Inc. (RUM) an Overweight rating. RUM is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is RUM’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $10.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Rumble Inc. (RUM) is $10.00.
