Rumble (RUM) to Release Quarterly Earnings on Tuesday

Rumble (NASDAQ:RUM - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Rumble (NASDAQ:RUM - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The business had revenue of $22.47 million during the quarter, compared to analysts' expectations of $19.69 million. Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. On average, analysts expect Rumble to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rumble Price Performance

Shares of NASDAQ:RUM traded up $0.18 during midday trading on Tuesday, reaching $5.95. The company had a trading volume of 2,731,511 shares, compared to its average volume of 3,017,758. The stock's fifty day moving average price is $5.54 and its 200-day moving average price is $6.02. The stock has a market capitalization of $2.31 billion, a P/E ratio of -9.50 and a beta of 0.72. Rumble has a one year low of $3.33 and a one year high of $9.20.

Insider Transactions at Rumble

In other news, Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $5.59, for a total transaction of $153,725.00. Following the sale, the director now owns 14,769,837 shares of the company's stock, valued at approximately $82,563,388.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 110,000 shares of company stock worth $591,800. 72.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a "neutral" rating and set a $8.00 price target on shares of Rumble in a research report on Tuesday, August 13th.

About Rumble

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.