RUM Stock Summary and Trading Ideas (Rumble - Class A | NASDAQ:RUM)

Rumble Inc is a free-to-use video-sharing platform where users can watch, share, like, comment, and upload their own videos. Users can subscribe to channels to stay in touch with recent creator content and access video-on-demand uploaded, and live content streamed, by creators. Geographically, it generates a majority of its revenue from the United States.

Rumble - Class A trades on the NASDAQ stock market under the symbol RUM.

As of November 21, 2024, RUM stock price declined to $6.01 with 322,089 million shares trading.

RUM has a beta of 1.59, meaning it tends to be more sensitive to market movements. RUM has a correlation of 0.06 to the broad based SPY ETF.

RUM has a market cap of $1.70 billion. This is considered a Small Cap stock.

Last quarter Rumble - Class A reported $25 million in Revenue and -$.15 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.03.

The top ETF exchange traded funds that RUM belongs to (by Net Assets): VTI, VB, VXF, VBK, KOMP.

RUM has underperformed the market in the last year with a return of +17.8%, while the SPY ETF gained +31.5%. In the last 3 month period, RUM fell short of the market, returning -2.6%, while SPY returned +6.0%. However, in the most recent 2 weeks RUM has outperformed the stock market by returning +3.4%, while SPY returned -0.1%.

RUM support price is $5.66 and resistance is $6.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RUM shares will trade within this expected range on the day.