The stock of Rumble Inc (NASDAQ:RUM) last traded at $6.72, down -3.52% from the previous session.
RUM stock price is now 7.32% away from the 50-day moving average and 13.47% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $8, Wedbush recently initiated with Neutral rating for Rumble Inc (NASDAQ: RUM).
In other news, Arsov Robert, Director sold 27,500 shares of the company’s stock on Jul 05 ’24. The stock was sold for $153,725 at an average price of $5.59. Upon completion of the transaction, the Director now directly owns 14,967,337 shares in the company, valued at $100.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03 ’24, Director Arsov Robert sold 27,500 shares of the business’s stock. A total of $158,400 was realized by selling the stock at an average price of $5.76. This leaves the insider owning 14,994,837 shares of the company worth $100.77 million. A total of 75.21% 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 $9.20. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 6.75, and a quick ratio of 6.75. The fifty day moving average price for RUM is $6.2165 and a two-hundred day moving average price translates $5.95935 for the stock.
The latest earnings results from Rumble Inc (NASDAQ: RUM) was released for 2024-03-31. The net profit margin was -161.62% and return on equity was -50.02% for RUM. The company reported revenue of $17.73 million for the quarter, compared to $17.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.68 percent.
