Rumble, Inc. has emerged as a key player in the video platform space, positioning itself as an alternative to more traditional platforms with stricter content policies. While it has seen significant user growth, particularly around political events, its stock performance has been volatile. Investors are now focused on where Rumble’s stock might be heading over the next few years. Here’s the current state of Rumble’s stock, future predictions and whether it’s a good buy for the long term.
Current Overview of Rumble Stock
Rumble Inc. (RUM) has a market capitalization of approximately $1.52 billion and is currently trading at $5.37 per share. Despite hitting milestones such as breaking records for concurrent viewers during the recent U.S. presidential debate, Rumble's stock has been under pressure. The stock has dropped by more than 11% over the past month and is trading below its 50-day moving average of $6.04.
One key driver of the company’s performance is its association with political events and figures. For example, Rumble’s stock tends to correlate with U.S. political events, particularly those involving figures such as former President Donald Trump. The stock experienced a decline following the debate between Trump and Vice President Kamala Harris, even as Rumble set records for live viewers during the event.
Another concern for investors is the trend of insider selling. Notably, Robert Arsov, a director at Rumble, recently sold 27,500 shares at $5.31. Over the past year, there have been 20 insider sales and no insider purchases, signaling potential concerns about the company's stock trajectory among its leadership.
Methodology for Stock Price Prediction
Predicting Rumble’s future stock price involves a combination of technical analysis, fundamental analysis and expert insights:
- Technical Analysis: Rumble’s stock has been volatile, with significant drops in recent months. The stock is trading below key moving averages, which suggests potential bearish momentum in the short term. Price volatility, recently recorded at 4.94%, reflects this uncertain market sentiment.
- Fundamental Analysis: Rumble has grown significantly in terms of user engagement and platform usage, particularly during politically charged events. Its revenue growth and profitability are still in question. Metrics like price-to-earnings ratios and price-to-sales ratios provide insights into whether the stock is overvalued or undervalued at its current price. The company does not pay dividends, meaning shareholders rely entirely on stock price appreciation for returns.
- Expert Opinions: While Rumble has carved out a niche in the video platform space, analysts are divided on its long-term potential. Some believe that the platform could continue to grow as it attracts more content creators, while others are cautious due to insider selling and broader market volatility.
Rumble Stock Price Prediction for 2024
Looking ahead to 2024, Rumble’s stock price is projected to fall to $4.53, representing a -15.53% decline from its current price of $5.37. This prediction is based on recent trends, such as increased insider selling and broader market sentiment around tech and media stocks.
Rumble’s focus on providing a platform for creators outside traditional social media restrictions gives it a unique position in the market. However, this niche may not translate to significant revenue growth in the short term, especially as competitors dominate the space. Volatility driven by political events could continue to weigh on the stock’s performance in 2024.
Rumble Stock Price Prediction for 2025
By 2025, Rumble’s stock is predicted to decline further, with projections placing its price at $4.53, reflecting a 15.53% decrease. This suggests that the stock may struggle to regain momentum, possibly due to ongoing challenges with monetization and user growth.
Investors should watch for developments in Rumble’s business model, particularly its ability to attract advertisers and diversify revenue streams. While the platform has seen user growth, its financial performance has yet to improve. A lack of insider buying and continued sales by major stakeholders are also key factors contributing to the bearish outlook for 2025.
Rumble Stock Price Prediction for 2030
The long-term outlook for Rumble’s stock is more pessimistic. By 2030, the stock is expected to drop to $1.94, representing a significant 63.68% decline from its current value. This projection reflects potential long-term concerns about the company’s ability to sustain growth, maintain profitability and fend off competition in the crowded digital platform space.
Although Rumble continues to attract users, particularly those seeking alternatives to mainstream platforms, the financial viability of its business model remains in question. Rumble could face continued challenges over the next decade without a strong, diversified revenue model or significant changes in its financial performance.
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Frequently Asked Questions
Is Rumble worth buying?
Given the current trends and projections, Rumble may not be a strong buy, particularly for investors seeking short- or midterm gains.
Who owns the majority of Rumble stock?
Insiders like Robert Arsov own significant portions of Rumble stock, with Arsov currently holding over 12 million shares.
Is Rumble stock expected to grow?
Based on current projections, Rumble’s stock is expected to decline in the short and long term, reflecting challenges in its financial and business model growth.
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