Rumble Inc RUM Stock Price, News, Quote & History

25 Ago Rumble Inc RUM Stock Price, News, Quote & History

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.30% per year. These returns cover a period from January 1, 1988 through December 30, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the philip morris international stock forecast and predictions month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Financial Highlights

Earlier this week, Rumble CEO Chris Pavlovski announced that the company had made its first investment in Bitcoin and that additional investments would follow. The company will also be paying creators on its platform in Bitcoin. The U.S. election, Google’s regulatory troubles, and the TikTok ban might generate some near-term interest in Rumble, but I don’t think those gains are sustainable. As a result, it’s gained a lot more attention (and usage) from conservative and right-leaning content creators who claim their content is being censored across those other platforms. It’s also backed by prominent conservatives like Peter Thiel, Vivek Ramaswamy, and vice presidential candidate and U.S. Sen. JD Vance (R-Ohio), and its new cloud service hosts Trump Media’s Truth Social platform.

Downgrade: Here’s How Analysts See Rumble Inc. (NASDAQ:RUM) Performing In The Near Term

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. In the last 12 months, operating cash flow was -$107.73 million and capital expenditures -$6.22 million, giving a free cash flow of -$113.95 million. Shares of Trump Media, which operates the social-media platform Truth Social and is viewed as a Wall Street proxy for Republican nominee Donald Trump’s election bid, soared last week. RUM is soaring, with shares jumping 44% pre-market after a $775 million investment from Tether USDT/USD.

Consensus Rating

• While Rumble’s core business is still its streaming video platform, the company has recently been making a push into the crypto space.
• These returns cover a period from January 1, 1988 through December 30, 2024.
• Additionally, Rumble earns subscription revenue from viewers who prefer an ad-free experience and content creators using its SaaS platform to create and post videos.
• Its insiders also sold nearly four times as many shares as they sold over the past 12 months.
• The monthly returns are then compounded to arrive at the annual return.

Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. In the last 12 months, Rumble had revenue of $85.65 million and -$130.89 million in losses. Rumble scored higher than 26% of companies evaluated by MarketBeat, and ranked 545th out of 676 stocks in the computer and technology sector.

Analysis Model and Snowflake

While Rumble’s push into the crypto space creates avenues for its stock to see valuation gains, there are still some big questions surrounding the strength and viability of its core business. Despite benefiting from tailwinds related to the 2024 election cycle, 17 best day trading stocks the company’s video streaming platform has been putting up disappointing user engagement and monetization numbers. With a new, heightened focus on crypto while its core business is putting up uninspiring performance, Rumble is a difficult company to value right now.

Full Time Employees

• Although the sales multiple has dropped steadily since it went public, it could convince investors to pass on a stock that appears too expensive and financially troubled.
• Rumble hasn’t provided a clear outlook for the second half of 2024, but the U.S. elections could drive a lot more viewers to its platform.
• While Rumble’s push into the crypto space creates avenues for its stock to see valuation gains, there are still some big questions surrounding the strength and viability of its core business.
• The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
• For now, analysts expect Rumble’s revenue to grow at a compound annual growth rate of 31% from 2023 to 2026, to $183 million.

Now, it’s worth noting Stock Advisor’s total average return is 947% — a market-crushing outperformance compared to 178% for the S&P 500. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet. Unfortunately, best audiobooks for learning how to trade stocks Rumble continues to sustain losses so massive that it will likely have to find additional funding soon.

Price Volatility

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Select to analyze similar companies using key performance metrics; select up to 4 stocks. Please bear with us as we address this and restore your personalized lists. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Alphabet and Meta Platforms. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.