Rumble Inc. (NASDAQ:RUM – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.61 and last traded at $5.65, with a volume of 628216 shares trading hands. The stock had previously closed at $5.93.
Rumble Stock Performance
The stock has a 50-day moving average of $7.79 and a 200-day moving average of $8.72. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -18.70 and a beta of 0.56.
Rumble (NASDAQ:RUM – Get Free Report) last announced its earnings results on Monday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). The firm had revenue of $24.97 million during the quarter, compared to analyst estimates of $19.89 million. Rumble had a negative net margin of 82.86% and a negative return on equity of 20.57%. Sell-side analysts predict that Rumble Inc. will post -0.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
Rumble Company Profile
Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators. It also operates locals.com, a subscription platform for creators and subscribers to engage through VOD, podcasts, live chat, polls, and community discussions; and Rumble Advertising Center (RAC), an online advertising management exchange.
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