Rumble (NASDAQ:RUM) is set to release its quarterly earnings before the market opens on Wednesday, March 26th. Analysts predict the company will report a loss of ($0.13) per share for the quarter.

Stock Performance

On Monday, Rumble shares opened at $7.74. The stock has a 50-day moving average of $10.58 and a 200-day average of $8.45. Its market capitalization stands at $3.02 billion, with a PE ratio of -12.29 and a beta of 0.56. The stock has experienced a 52-week low of $4.92 and a high of $17.38.

Analyst Ratings

Maxim Group recently initiated coverage on Rumble, granting it a "buy" rating and setting a price target of $20.00.

Insider Activity

In a related development, CEO Christopher Pavlovski sold 354,849 shares on February 7th at an average price of $7.50, totaling approximately $2.66 million. Following this sale, he retains ownership of 522,927 shares, valued at around $3.92 million, marking a 40.43% decrease in his holdings. Additionally, CTO Wojciech Hlibowicki sold 3,817,165 shares on the same day in a transaction valued at about $28.63 million. Following this, he now directly owns only 4,592 shares. In the last ninety days, insiders have sold over 41 million shares, representing a significant portion of the company’s stock.

About Rumble

Rumble Inc. is a video-sharing platform operating both in the U.S. and internationally, offering users a free platform for video-sharing, live streaming, and access to on-demand content.