The deal has effectively turned Rumble into a speculative, cryptocurrency-adjacent play — and some investors are betting that this new dynamic can pave the way for more explosive gains. The stock price has increased by +66.96% in the last 52 weeks. The beta is 0.51, so Rumble’s price volatility has been lower than the market average. According to 3 analysts, the average rating for RUM stock is “Buy.” The 12-month stock price forecast is $14.0, which is an increase of 21.53% from the latest price.
RUM upcoming earnings
On Dec. 20, Rumble announced that it had secured $775 million in investment from Tether — the company behind the Tether stablecoin. Through the deal, Rumble will be selling $775 million worth of new stock to Tether at a price of $7.50 per share. The streaming specialist will use $250 million of the money from the stock sale to bitit review fund its growth initiatives and the other $525 million to buy back stock from other large shareholders. Rumble stock saw massive gains on the news as some investors bet that the company could be in the early stages of seeing larger crypto-related tailwinds. On the other hand, the recent gains for the stock appear to be largely hype driven — and shares have high downside risk at current prices.
Rumble Inc. to Report Q3, 2024 Results on Nov 12, 2024
34% of Americans identify themselves as conservative. The real number might be higher as those who are publicly conservative are often https://www.forex-world.net/ hounded and troubled by those on the left political spectrum. Many of these creators and their audiences have already moved to Rumble, and others will soon follow suit.
The latest short interest is 9.44 million, so 2.97% of the outstanding shares have been sold short. Select to analyze similar companies using key performance metrics; select up to 4 stocks.
- MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on…
- After an impressive run last year, Rumble stock has seen a big pullback early in 2025’s trading.
- To give you a hand up along your trading journey.
- But the stock did start seeing upward momentum leading up to and following Donald Trump’s victory in the presidential election.
- The latest short interest is 9.44 million, so 2.97% of the outstanding shares have been sold short.
- They issued a “buy” rating and a $20.00 target price for the company.
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Price History & Performance
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When is Rumble (NASDAQ:RUM) reporting earnings?
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Company
- One of the indicators of the rise of these platforms is the topping of ranking charts by Parler following Biden’s win.
- As a result, it’s only poised to grow as right-wing conservatives across the world decide that they’ve had enough of the censorship.
- Rumble (RUM) rallied to a 2-year high after receiving a $775M investment from Tether.
- Which is an outsourcing company Pavlovski founded in North Macedonia.
- Feel free to ask questions of other members of our trading community.
- Given this scenario and given that it’s still a ways away from generating positive cash flow, many investors questioned Rumble’s long-term ability to carry out its ambitious vision.
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available. Now it’s all about laying the foundation for high-octane, top-line growth. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Rumble Stock Poised to Have Best Day Ever. Tether Investment Sends Video Platform Soaring.
For months Best biotech stocks to buy now afterward, Rumble stock saw moderate moves up and down. But the stock did start seeing upward momentum leading up to and following Donald Trump’s victory in the presidential election. Much of the content on Rumble skews toward the right side of the political aisle, and some investors bought into the stock as a way to profit from a Trump election win. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
