Is Rumble Inc (NASDAQ: RUM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

RUM belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of Rumble Inc is $1.84B. A total of 0.77 million shares were traded on the day, compared to an average of 4.34M shares.

In the most recent transaction, Sacks David O sold 133,896 shares of RUM for 6.45 per share on Apr 08 ’24. After the transaction, the Director now owns 3,390 company shares. In a previous transaction on Apr 05 ’24, Sacks David O sold 383,362 shares at 6.46 per share. RUM shares that Director owns now total 4,692.

Among the insiders who sold shares, Arsov Robert disposed of 35,000 shares on Apr 05 ’24 at a per-share price of $6.46. This resulted in the Director holding 15,313,914 shares of RUM after the transaction. In another insider transaction, Sacks David O sold 185,812 shares at $6.71 per share on Apr 04 ’24. Company shares held by the Director now total 8,418.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, RUM has a high of $11.25 and a low of $3.33.

As of this writing, RUM has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 1.0 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.14 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RUM’s latest balance sheet shows that the firm has $46.85M in Cash & Short Term Investments as of fiscal 2021. There were $1.51M in debt and $7.20M in liabilities at the time. Its Book Value Per Share was $0.90, while its Total Shareholder’s Equity was $30.37M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RUM is Buy with a score of 3.00.

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