Rumble Inc.’s (NASDAQ:RUM) Share Price Is Still Matching Investor Opinion Despite 26% Slump
Unfortunately for some shareholders, the Rumble Inc. (NASDAQ:RUM) share price has dived 26% in the last thirty days, prolonging recent pain. Longer-term shareholders would now have taken a real hit with the stock declining 5.2% in the last year.
Even after such a large drop in price, given around half the companies in the United States’ Interactive Media and Services industry have price-to-sales ratios (or “P/S”) below 1.1x, you may still consider Rumble as a stock to avoid entirely with its 17.2x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
