In Friday’s Wall Street session, Rumble Inc (NASDAQ:RUM) shares traded at $9.30, up 19.54% from the previous session.
RUM stock price is now 18.45% away from the 50-day moving average and 18.11% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
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With the price target of $20, Maxim Group recently initiated with Buy rating for Rumble Inc (NASDAQ: RUM). On July 17, 2024, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $8, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Pavlovski Christopher, Chief Executive Officer sold 9,636,434 shares of the company’s stock on Feb 07 ’25. The stock was sold for $72,273,255 at an average price of $7.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’25, Chief Executive Officer Pavlovski Christopher sold 354,849 shares of the business’s stock. A total of $2,661,368 was realized by selling the stock at an average price of $7.50. This leaves the insider owning 522,927 shares of the company worth $4.86 million. A total of 60.28% of the company’s stock is owned by insiders.
During the past 12 months, Rumble Inc has had a low of $4.92 and a high of $17.40. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.90, and a quick ratio of 9.90.
The net profit margin was -293.43% and return on equity was -108.20% for RUM. The company reported revenue of $30.23 million for the quarter, compared to $20.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.23 percent.
