Stocks of Rumble Inc (NASDAQ:RUM) traded higher last session on Wall Street, down -3.90% to $5.91.
RUM stock price is now 5.11% away from the 50-day moving average and -6.75% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
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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 sold 30,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $178,025 at an average price of $5.93. Upon completion of the transaction, the Director now directly owns 12,517,337 shares in the company, valued at $73.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Director Arsov Robert sold 30,000 shares of the business’s stock. A total of $176,725 was realized by selling the stock at an average price of $5.89. This leaves the insider owning 12,547,337 shares of the company worth $74.15 million. A total of 73.85% 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 3.94, and a quick ratio of 3.94. The fifty day moving average price for RUM is $5.6162 and a two-hundred day moving average price translates $6.342425 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.
