Rumble Inc. (NASDAQ:RUM - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 25,642 call options on the stock. This is an increase of 182% compared to the typical daily volume of 9,101 call options.
Rumble Price Performance
Shares of NASDAQ RUM traded up $0.84 during midday trading on Wednesday, hitting $5.95. The company had a trading volume of 5,628,249 shares, compared to its average volume of 3,313,471. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.25. Rumble has a twelve month low of $4.49 and a twelve month high of $10.60. The business has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $6.67. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -10.13 and a beta of 1.35.
Rumble (NASDAQ:RUM - Get Free Report) last released its quarterly earnings data on Wednesday, November 11th. The company reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.08). Rumble had a negative return on equity of 22.77% and a negative net margin of 134.60%. During the same quarter in the previous year, the company posted ($0.06) EPS. The firm's revenue was up 289.5% on a year-over-year basis. Equities research analysts anticipate that Rumble will post -0.55 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have commented on RUM. Zacks Research downgraded shares of Rumble from a "hold" rating to a "strong sell" rating in a research report on Monday, October 12th. Lake Street Capital began coverage on shares of Rumble in a report on Tuesday, October 6th. They issued a "hold" rating and a $25.00 target price on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rumble in a research note on Thursday, October 22nd. Finally, Wall Street Zen lowered shares of Rumble from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Sell" and an average target price of $25.00.
Read Our Latest Research Report on RUM
Institutional Investors Weigh In On Rumble
Several institutional investors have recently modified their holdings of RUM. Silver Oak Securities Incorporated purchased a new stake in Rumble during the third quarter worth $341,000. Russell Investments Group Ltd. boosted its position in shares of Rumble by 21.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 72,661 shares of the company's stock worth $549,000 after buying an additional 12,989 shares in the last quarter. StoneX Group Inc. acquired a new stake in Rumble in the 3rd quarter valued at about $78,000. Commonwealth Equity Services LLC acquired a new stake in Rumble in the 3rd quarter valued at about $193,000. Finally, ProShare Advisors LLC acquired a new stake in Rumble in the 3rd quarter valued at about $137,000. Hedge funds and other institutional investors own 26.15% of the company's stock.
About Rumble
(
Get Free Report)
Rumble Inc. operates a video-sharing platform where users can upload, watch and share videos. The company also offers live-streaming tools and services that help creators publish and monetize content, including through advertising and subscriptions. Founded in 2013 by Chris Pavlovski, Rumble has expanded beyond video distribution into cloud computing. Its Rumble Cloud business provides infrastructure services to organizations seeking alternatives to larger cloud providers. The company serves creators, viewers and business customers in multiple countries, with a substantial presence in North America.
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