In yesterday’s Wall Street session, Rumble Inc (NASDAQ:RUM) shares traded at $8.50, down -1.28% from the previous session.
RUM stock price is now 24.90% away from the 50-day moving average and 30.97% away from the 200-day moving average. The market capitalization of the company currently stands at $2.38B.
In other news, Milnes Ryan, Director sold 1,100,000 shares of the company’s stock on Dec 07 ’23. The stock was sold for $4,785,220 at an average price of $4.35. Upon completion of the transaction, the Director now directly owns 36,491 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’23, Director Milnes Ryan sold 1,100,000 shares of the business’s stock. A total of $5,115,990 was realized by selling the stock at an average price of $4.65. This leaves the insider owning 36,491 shares of the company worth $0.31 million. A total of 77.09% of the company’s stock is owned by insiders.
During the past 12 months, Rumble Inc has had a low of $3.33 and a high of $11.25. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 6.47, and a quick ratio of 6.47. The fifty day moving average price for RUM is $6.90 and a two-hundred day moving average price translates $6.48 for the stock.
The latest earnings results from Rumble Inc (NASDAQ: RUM) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.17 by 0.03. This compares to -$0.01 EPS in the same period last year. The net profit margin was -109.39% and return on equity was -28.68% for RUM. The company reported revenue of $17.98 million for the quarter, compared to $10.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.73 percent. For the current quarter, analysts expect RUM to generate $28.13M in revenue.
