Rumble RUM Stock Price, News & Analysis
دسته: Forex Trading
But for the record, this news was announced earlier in the week by Locals. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Rumble diversifies its content portfolio with the addition of Jimmy Corsetti’s weekly educational livestream. Rumble diversifies its content portfolio with the addition of Jimmy Corsetti’s weekly educ… RUM, -5.85% rose 0.9% in premarket trading Tuesday, after the video-sharing and social-media site’s Founder and Chief Executive Chris Pavlovski said he will “not sell” any of its… A significant but less-spoken or popular metric that investors should keep a watchful eye on is the institutional flow of capital into individual stocks.
Rumble Inc. operates video sharing platforms in the United States, Canada, and internationally. In the 12 months between the third quarter of 2020 and 2021, the platform’s average monthly active users (MAUs) skyrocketed by over 2,100% to 36 million. But this surge was probably helped by the U.S. election cycle and the stay-at-home boom during the COVID-19 pandemic. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. 1 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Rumble in the last twelve months.
Since then, RUM shares have increased by 49.9% and is now trading at $6.73. Moreover, Rumble stock was down about 26% last week on an independent report that https://www.forex-world.net/ questioned the business. With that big of a recent drop, part of this week’s gain was simply a bounce-back after the market had a weekend to digest the news.
This politically neutral video-sharing platform is rapidly growing, but sustainable profitability is far away.
Losses were -$11.40 million, -14.98% less than in 2021. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 27th 2024.
The consensus among Wall Street research analysts is that investors should “buy” RUM shares. View RUM analyst ratings or view top-rated stocks. Shares of Digital World Acquisition , the blank check firm set to take former U.S. President Donald Trump’s social media platform public, soared to their highest in 19 months on Monday after Florida G…
Rumble offers a best-in-class, all-in-one live-streaming product to all creators, and for all platforms. With an impressive $295.6 million in cash and equivalents on its balance sheet, Rumble can sustain its operations for a long time without relying on equity dilution or debt. The platform also has backing from a consortium of conservative investors, including the billionaire Peter Thiel, who may be incentivized to financially support the platform for political reasons. All in all, it looks unlikely that Rumble will go bankrupt before it gets a chance to prove the viability of its business model, if possible. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Despite its near-term challenges, Rumble’s future looks bright. The exceptional MAU growth it experienced in 2020 and 2021 indicates strong demand for its niche. And most importantly, these users stuck around even after the impetus for their joining (COVID-19 and the elections) ended. This suggests that intense news cycles in the future (such as the next U.S. election) could drive sustainable growth for the platform.
Rumble NasdaqGM:RUM Stock Report
View analysts price targets for RUM or view top-rated stocks among Wall Street analysts. With shares down 70% from an all-time high of $16.81, Rumble (RUM -4.40%) stock has been challenging for its early https://www.forexbox.info/ investors. But behind the poor performance lies a business with rapid growth and a unique niche in the video-streaming industry. Will management be able to turn the ship around over the long term?
- Moreover, Rumble stock was down about 26% last week on an independent report that questioned the business.
- Rumble offers a best-in-class, all-in-one live-streaming product to all creators, and for all platforms.
- Upgrade to MarketBeat All Access to add more stocks to your watchlist.
- The exceptional MAU growth it experienced in 2020 and 2021 indicates strong demand for its niche.
1 analysts have issued 12-month price targets for Rumble’s stock. Their RUM share price targets range from $12.00 to $12.00. On average, they predict the company’s stock price to reach $12.00 in the next year. This suggests a possible upside of 78.3% from the stock’s current price.
Earnings and Valuation
While Rumble’s future growth remains uncertain, its losses are not. According to one analyst, the rating for RUM stock is “Strong Buy” and the 12-month stock price forecast is $12.0. Rumble’s stock was trading at $4.49 on January 1st, 2024.
Rumble (company)
To see all exchange delays and terms of use please see Barchart’s disclaimer. Rumble’s stock is owned by many different institutional and retail investors. MarketBeat’s analysts have just released their top five short plays for March https://www.day-trading.info/ 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list. That said, Rumble’s losses are huge, and it currently has no clear pathway to profitability.
Regarding concrete news from the company, there were two official Rumble press releases this week. First, the company launched a merchandise store on Monday, where fans of the brand could pre-order T-shirts and hats. Today, Rumble announced that YouTuber JP Sears would put his new comedy special exclusively on Locals — a platform owned by Rumble — and create a subscription-based community.
Risk-averse investors should wait for more quarters (or even years) of data before considering a position in the stock. “It is no surprise that the Chinese stock market is crashing after Trump’s massive primary win in Iowa,” Donald Trump Jr. told On The Money. Rumble is in the Communication Services sector and Interactive Media & Services industry. In 2022, Rumble’s revenue was $39.38 million, an increase of 316.04% compared to the previous year’s $9.47 million.