Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Rumble Inc’s current trading price is -31.62% away from its 52-week high, while its distance from the 52-week low is 131.00%. The stock’s price range during this period has varied between $3.33 and $11.25. The company, active in the Technology sector, saw a trading volume of around 1.68 million for the day, considerably lower average daily volume of 6.47 million observed over the last three months.
Rumble Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $11.25 on 06/12/23, and the lowest price during the same period was recorded at $3.33 on 01/12/24.
How Financial Performance Impacts Market Capitalization
Rumble Inc (RUM) has experienced a quarterly rise of 56.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.15B and boasts a workforce of 70 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.61, with a change in price of +3.03. Similarly, Rumble Inc recorded 4,419,712 in trading volume during the last 100 days, posting a change of +60.63%.
How RUM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RUM stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
RUM Stock Stochastic Average
As of today, the raw stochastic average of Rumble Inc over the past 50 days is 80.09%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 60.85%. Additionally, the Stochastic %K and %D values for the company were 51.83% and 49.88%, respectively, over the past 20 days.
RUM Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 71.32%.However, over the last six months, we can see a weaker performance of 36.15%. Over the last 30 days, the price of RUM has fallen by 9.11%. And in the last five days, it has fallen by -9.29%.
