Rumble Inc. [RUM] is 22.35% higher this YTD. Is it still time to buy?
Rumble Inc. [NASDAQ: RUM] The stock went on an upward trajectory, rising more than 8.96% on Thursday, representing a one-week price increase of more than 14.03%. Company report on September 22 2022 That “SteveWillDoIt” to produce exclusive content on Rumble.
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Mega influencer SteveWillDoIt is moving from NELK Boys to Rumble and Locals as its primary video platforms.
Rumble, the video-sharing platform (NASDAQ:RUM), has announced that SteveWillDoIt, comedian and popular video personality of age “Gen Z”, has agreed to produce exclusive weekly video content on Rumble and Rumble’s community subscription platform, Locals .
Over the past 12 months, RUM stock is up 36.32%.
The market capitalization per share was $506.15 million, with 38.20 million outstanding shares and 30.69 million shares in the current float. Compared to an average trading volume of 2.14 million shares, RUM stock reached a trading volume of 5,747,191 on the last trading day, which is why market watchers consider the stock to be active.
RUM stock performance analysis:
Rumble Inc. [RUM] Gains in the green at the end of last week, gained positive trend and rose by 14.03. With this latest performance, RUM shares are up 30.67% over the past four-week period, as well as up 14.52% over the past six months — not to mention a 36.32% surge in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for RUM stock for the past two weeks is set at 54.46, with the RSI for the last one trading at 53.44, and the three-week RSI at 55.06 for Rumble Inc. [RUM]. The current moving average for the last 50 trading days for this stock is 10.95 while it recorded at 13.41 for the last trading week, and 11.45 for the last 200 days.
An insight into the basics of Rumble Inc.
The return on equity for this stock fell to -13.11, with the return on assets remaining at -11.91.
Rumble Inc. [RUM] Insider position details
Positions in Rumble Inc shares increased. held by institutional investors at the end of August and at the time of the August report, as 40 institutional owners consolidated their positions in Rumble Inc. [NASDAQ:RUM] About 2,903,704 shares. In addition, the number of 38 investors decreased by about 953,742 shares, while 34 investors took positions by 1,360,646 shares. The said changes put institutional holdings at 5,218,092 shares, according to the latest report from the Securities and Exchange Commission. RUM had 27 new institutional investments for a total of 2,411,522 shares, while 22 institutional investors sold positions of 806,356 shares during the same period.