Rumble Inc. (NASDAQ:RUM – Get Free Report) was the recipient of unusually large options trading on Friday. Investors bought 35,900 call options on the company. This represents an increase of approximately 304% compared to the typical volume of 8,897 call options.
Wall Street Analysts Forecast Growth
Several research analysts have commented on RUM shares. Lake Street Capital initiated coverage on shares of Rumble in a research note on Tuesday. They set a “hold” rating and a $25.00 price objective for the company. Wall Street Zen downgraded shares of Rumble from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rumble in a research note on Friday, July 24th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $25.00.
Get Our Latest Stock Report on Rumble
Hedge Funds Weigh In On Rumble
Rumble Trading Down 0.6%
RUM stock opened at $6.96 on Friday. Rumble has a 12 month low of $4.62 and a 12 month high of $10.60. The firm’s 50-day moving average is $8.01 and its 200 day moving average is $7.14. The company has a market capitalization of $3.45 billion, a PE ratio of -11.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 2.12.
Rumble (NASDAQ:RUM – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). Rumble had a negative return on equity of 22.77% and a negative net margin of 134.60%. The company had revenue of $40.37 million during the quarter, compared to the consensus estimate of $31.23 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Rumble’s revenue was up 61.0% on a year-over-year basis. On average, research analysts anticipate that Rumble will post -0.55 EPS for the current year.
About Rumble
Rumble Inc is a video-sharing and social media company that operates the Rumble platform, where users can upload, watch, livestream and share video content. The company also provides related tools for creators, including audience engagement and monetization services, and generates revenue through advertising, subscriptions and other digital offerings.
In addition to its consumer video platform, Rumble offers cloud infrastructure services through Rumble Cloud. These services are designed to support video hosting, storage, distribution and other online applications.
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