Rumble stock analysis by Stock Target Advisor is Bearish. Based on 1 positive and 5 negative indications.
Rumble looks like the platform is gaining steam as it recently snagged Russell Brand to it’s platform
CEO- of STA Research-Don Lawrence (Financial Analyst and veteran trader) talks about Rumble‘s successful merger with CF Acquisition Corp. The stock just broke it’s short term support level, and is trending downward with the market. Don asserts the stock is a great long term play, however the stock’s possible bottom is murky. Rumble looks like the platform is gaining steam as it recently snagged Russell Brand to it’s platform, and is shaping up to be a viable competitor to YouTube, further validating taking long position.
Rumble Stock Forecast from 7 Crowd Analysts, has the average Crowd target for Rumble stock at $12.24 over the next 12 months and average Crowd Rating is a Buy.
Based on the Rumble Stock Forecast from 1 analyst, the average analyst RUM stock price target is $12.50 over the next 12 months. RUM stock’s average analyst rating is Speculative. Stock Target Advisor’s own stock analysis of Rumble stock is Bearish, which is based on 1 positive signal and 3 negative signals. At the last closing, RUM stock price was USD 10.21. RUM stock price has changed by -19.42% over the past week.
Rumble Inc. stock forecasts from 7 Crowd Analysts, has the average Crowd target for Rumble stock at $12.24 over the next 12 months. RUM stock’s average Crowd Rating is a Buy.
About Rumble Inc.(RUM:NSD)
Rumble Inc. operates video sharing platforms. 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. Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the Internet to its roots by making it free and open once again. The company was founded in 2013 and is based in Longboat Key, Florida.
Rumble just announced the new documentary, “The Long Road Home,” on the company’s subscription based platform which is referred to as Locals. The new film was produced by comedian, actor, and YouTuber Jack Vale. The narrative reveals the personal life and events of Johnny Cash, his family and their ordeals with substance abuse, that will only be available on Rumble’s Locals. Jack Vale stated he is excited about the film’s release and avoiding the mainstream channels by going direct to viewers, bypassing the middleman.
Locals just released Content+, which enables any creator to distribute movies or any other on-demand content through this channel. The platform’s focus is to help and promote independent creators, which encompasses producers, video creators, writers, and audio podcasters.
President of Locals, Assaf Lev said the company was “thrilled to host Jack Vale’s documentary on Locals,” and mentioned that “It turns out many producers are looking for ways to have ownership and distribute their films independently. We built Content+ with the needs of the creator in mind, and we are seeing great success. We look forward to hosting many more films on Locals.”
What we like:
High market capitalization
Rumble stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
What we don’t like:
Overpriced compared to book value
Rumble stock is trading high compared to its peers median on a price to book value basis.
Rumble stock had negative total cash flow in the most recent four quarters.
Negative free cash flow
Rumble stock had negative total free cash flow in the most recent four quarters.