Rumble (RUM) to Release Quarterly Earnings on Tuesday

Rumble (NASDAQ:RUM) will post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Rumble (NASDAQ:RUM) last posted its earnings results on Monday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Rumble had a negative return on equity of 54.31% and a negative net margin of 163.37%. The firm had revenue of $22.47 million during the quarter, compared to the consensus estimate of $19.69 million. On average, analysts expect Rumble to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rumble Price Performance

RUM opened at $6.11 on Friday. Rumble has a fifty-two week low of $3.33 and a fifty-two week high of $9.20. The firm has a market capitalization of $2.38 billion, a P/E ratio of -9.85 and a beta of 0.72. The company’s 50-day moving average is $5.55 and its 200 day moving average is $6.02.

Insiders Place Their Bets

In related news, Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $5.59, for a total value of $153,725.00. Following the sale, the director now owns 14,769,837 shares of the company’s stock, valued at approximately $82,563,388.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 195,000 shares of company stock valued at $1,086,500. Company insiders own 72.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated a “neutral” rating and issued a $8.00 price objective on shares of Rumble in a research note on Tuesday, August 13th.

Rumble Company Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.