Rumble (RUM) Set to Announce Quarterly Earnings on Tuesday

Rumble (NASDAQ:RUM) is scheduled to announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Rumble (NASDAQ:RUM) last posted its quarterly 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). The company had revenue of $22.47 million during the quarter, compared to analyst estimates of $19.69 million. Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. On average, analysts expect Rumble to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rumble Stock Up 2.1 %

Shares of NASDAQ:RUM traded up $0.12 on Tuesday, reaching $5.89. 1,357,455 shares of the company’s stock were exchanged, compared to its average volume of 3,011,292. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -9.39 and a beta of 0.72. Rumble has a fifty-two week low of $3.33 and a fifty-two week high of $9.20. The business’s 50-day moving average is $5.54 and its two-hundred day moving average is $6.02.

Insider Buying and Selling at Rumble

In related news, Director Robert Arsov sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $5.59, for a total transaction of $153,725.00. Following the completion of the sale, the director now directly owns 14,769,837 shares in the company, valued at approximately $82,563,388.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 110,000 shares of company stock valued at $591,800. 72.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and set a $8.00 price target on shares of Rumble in a research report 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.