In yesterday’s Wall Street session, Rumble Inc (NASDAQ:RUM) shares traded at $5.50, down -1.79% from the previous session.
RUM stock price is now -1.35% away from the 50-day moving average and -11.97% away from the 200-day moving average. The market capitalization of the company currently stands at $1.56B.
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With the price target of $8, Wedbush recently initiated with Neutral rating for Rumble Inc (NASDAQ: RUM).
In other news, Arsov Robert, Director bought 172,488 shares of the company’s stock on Oct 04 ’24. The stock was bought for $912,461 at an average price of $5.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Director Arsov Robert sold 27,500 shares of the business’s stock. A total of $144,100 was realized by selling the stock at an average price of $5.24. This leaves the insider owning 12,714,837 shares of the company worth $69.93 million. A total of 73.95% 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 4.56, and a quick ratio of 4.56. The fifty day moving average price for RUM is $5.5754 and a two-hundred day moving average price translates $6.24795 for the stock.
The latest earnings results from Rumble Inc (NASDAQ: RUM) was released for 2024-06-30. The net profit margin was -163.37% and return on equity was -51.93% for RUM. The company reported revenue of $22.47 million for the quarter, compared to $24.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.03 percent.
