In yesterday’s Wall Street session, Rumble Inc (NASDAQ:RUM) shares traded at $12.68, down -2.69% from the previous session.
RUM stock price is now 84.47% away from the 50-day moving average and 97.79% away from the 200-day moving average. The market capitalization of the company currently stands at $4.81B.
With the price target of $8, Wedbush recently initiated with Neutral rating for Rumble Inc (NASDAQ: RUM).
In other news, Arsov Robert, Director sold 29,988 shares of the company’s stock on Dec 02 ’24. The stock was sold for $206,942 at an average price of $6.90. Upon completion of the transaction, the Director now directly owns 12,487,349 shares in the company, valued at $158.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Director Arsov Robert sold 30,000 shares of the business’s stock. A total of $178,025 was realized by selling the stock at an average price of $5.93. This leaves the insider owning 12,517,337 shares of the company worth $158.72 million. A total of 73.83% 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 $14.63. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.94, and a quick ratio of 3.94. The fifty day moving average price for RUM is $6.7296 and a two-hundred day moving average price translates $6.381025 for the stock.
The latest earnings results from Rumble Inc (NASDAQ: RUM) was released for 2024-06-30. The net profit margin was -152.81% and return on equity was -59.32% for RUM. The company reported revenue of $25.06 million for the quarter, compared to $17.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.34 percent.
