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 -50.49% away from its 52-week high, while its distance from the 52-week low is 75.08%. 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 1.08 million for the day, considerably lower average daily volume of 2.31 million observed over the last three months.
Rumble Inc’s stock has seen a smooth market performance.
How Financial Performance Impacts Market Capitalization
Rumble Inc (RUM) has experienced a quarterly rise of 11.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.74B and boasts a workforce of 135 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
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 Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -33.79%. However, over the past six months, we’ve seen a stronger performance of -0.30%. The price of RUM leaped by -10.92% over the last 30 days. And in the last five days, it has fallen by -2.11%.
