This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Rumble stock went on to climb about 130% total for December before pulling back slightly to end the month. By the time 2024 ended, Rumble stock was back where it was on Dec. 23. But this 83% gain stood out from the S&P 500 which dropped 2.5% during the month.
- People who visit the sides for political videos and podcasts.
- The rising connection to the cryptocurrency space has some investors feeling very bullish, and it’s possible that this sentiment could power more big gains for the stock in the near term.
- We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started.
- Rumble.com’s last known revenue was 106.4 million USD.
- CFO Brandon Alexandroff sold far more, unloading over 8.8 million, while Chief Content Officer Ramolo Claudio sold more than 6.2 million.
RUM price to earnings (PE)
For months 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.
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.
Share Statistics
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- As a result, we could see a Rumble stock price before long.
- The data used in our company analysis is from S&P Global Market Intelligence LLC.
- The streaming specialist intends to use the other $525 million from the stock sale to buy back shares from other large shareholders at a price of $7.50 per share.
- In the last 12 months, operating cash flow was -$107.73 million and capital expenditures -$6.22 million, giving a free cash flow of -$113.95 million.
- Regardless of whether one believes that Rumble is destined for long-term greatness or not, the present reality is that the business is burning through cash.
- They’ve now expanded their scope to demonetize conspiracy theories as well.
The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. It also operates locals.com, a subscription-based video sharing platform. The company was founded in 2013 and is based in Longboat Key, Florida. Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training. We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without Best copper stocks the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv.
34% of Americans identify themselves as conservative. The real number might be higher as those who are publicly conservative are often 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.
Short Interest Ratio / Days to Cover
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Consensus EPS estimates fall by 51%, revenue upgraded
Trump’s signing on to Rumble services was hardly a surprise, given that. Then, Rumble published a press release on Nov. 25 detailing its new cryptocurrency strategy. Per activtrades review the announcement, the company said that it was planning on buying up to $20 million worth of Bitcoin. The stock gained ground following the announcement, but there was other crypto-related news that powered even bigger gains.
Political tailwinds and cryptocurrency connections could give shares a boost, but investors should approach this stock with the understanding that it’s a risky play. With the Tether deal, https://www.forex-world.net/ trading for Rumble stock has become completely divorced from the company’s fundamentals. The rising connection to the cryptocurrency space has some investors feeling very bullish, and it’s possible that this sentiment could power more big gains for the stock in the near term. The news has turned Rumble into a hot meme stock, and its share price is surging in conjunction with investors piling in and hoping to score speculative gains. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. Rumble is a conservative-leaning social media platform.
Company
The initial distribution content was harmless videos of pet antics and news content from Reuters. The first and most common is the profit-sharing mechanism. The creator gives Rumble all of the rights, and in return, Rumble passes down 60% of ad revenue from third-party services and 90% of YouTube ad revenue.
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