Rumble (NASDAQ:RUM - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.
Rumble Price Performance
Shares of Rumble stock remained flat at $7.74 during trading on Friday. The company had a trading volume of 4,806,940 shares, compared to its average volume of 3,096,113. Rumble has a 1 year low of $4.92 and a 1 year high of $17.38. The stock has a fifty day moving average of $10.58 and a 200 day moving average of $8.41. The stock has a market cap of $3.02 billion, a PE ratio of -12.29 and a beta of 0.56.
Analyst Ratings Changes
Separately, Maxim Group initiated coverage on shares of Rumble in a research note on Wednesday, January 15th. They set a "buy" rating and a $20.00 price target on the stock.
View Our Latest Stock Analysis on RUM
Insider Transactions at Rumble
In other Rumble news, CFO Brandon Alexandroff sold 6,828,420 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $51,213,150.00. Following the transaction, the chief financial officer now owns 64,210 shares of the company's stock, valued at $481,575. This trade represents a 99.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ryan Milnes sold 24,978,210 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $7.50, for a total transaction of $187,336,575.00. Following the sale, the director now directly owns 57,290 shares of the company's stock, valued at $429,675. This represents a 99.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,104,017 shares of company stock worth $308,280,128 over the last quarter. 70.10% of the stock is currently owned by insiders.
About Rumble
(
Get Free Report)
Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming 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.
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