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 -40.52% away from its 52-week high, while its distance from the 52-week low is 110.37%. The stock’s price range during this period has varied between $4.92 and $17.40. The company, active in the Communication Services sector, saw a trading volume of around 0.75 million for the day, considerably lower average daily volume of 2.46 million observed over the last three months.
Rumble Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $17.40 on 12/27/24, and the lowest price during the same period was recorded at $4.92 on 09/11/24.
How Financial Performance Impacts Market Capitalization
Rumble Inc (RUM) has experienced a quarterly decline of -10.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.50B and boasts a workforce of 135 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 9.85, with a change in price of +3.24. Similarly, Rumble Inc recorded 4,788,630 in trading volume during the last 100 days, posting a change of +44.57%.
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 0.00. 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 92.34%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 91.73%. Additionally, the Stochastic %K and %D values for the company were 88.82% and 89.54%, 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 loss of -20.45%.However, over the last six months, we can see a weaker performance of 51.54%. Over the last 30 days, the price of RUM has fallen by 46.19%. And in the last five days, it has surged by 11.29%.
