How to Buy Rumble Stock: Begin Your Investment Journey in RUM Stocks Today
Rumble is a Canadian online neutral video platform and cloud services business. It was founded in October 2013 by Chris Pavlovski, backed by Peter Thiel, and traded on the Nasdaq with the ticker symbol RUM. Currently, the company is based in Longboat Key and is one of YouTube’s top competitors.
In this how to buy Rumble stock guide, we will discuss how to buy RUM stock and set up your brokerage account accordingly to track the performance of your Rum shares.
Additionally, we will explain how to buy Rumble stock at a specific price using a limit order, how to find a reliable registered broker-dealer that sells Rumble Inc stock, and what other stocks and mutual funds might be interesting to invest in.
How to Buy Rumble Stock
Are you wondering how to buy Rumble Inc. stock? Then follow our step-by-step guide listed below to make this process as easy as possible.
STEP 1
Find a licensed and regulated registered broker-dealer where you can buy Rumble stock with a brokerage account. Note that you can purchase RUM shares at multiple online brokers and that their spreads and other fees may vary. It often rewards to shop around for a good brokerage account to buy Rumble shares.
STEP 2
Sign up for your brokerage account and use a debit card or other payment method to fund it. Although this process might be a bit lengthy and tedious, remember that you’ll only need to go through the registration process once and that, afterwards, you can simply log into your brokerage account. Some brokers have more deposit methods available than others, including credit and debit cards, e-wallets like Neteller and Skrill, and cryptocurrencies like Bitcoin, Litecoin, and Ethereum.
STEP 3
Once you’ve funded your brokerage account, you can buy Rumble stock by placing either a market order or a limit order. With a market order, you buy Rumble stock at the current market price. With a limit order, you buy Rumble stock at a specific price. Some brokers offer fractional shares, which allow you to buy partial RUM stock.
STEP 4
Depending on your investment strategy, you can choose to hold your Rumble Inc. stock for a while (buy and hold) or try to profit from small price movements using scalping and other day trading techniques. We recommend tracking the stock price, market cap, average volume, and other stock market price data to know whether Rumble Inc is still a good investment or not. Remember that past performance doesn’t guarantee future profits when it comes to financial instruments and that you may need to sell Rumble stocks with a loss at one point.
STEP 5
Stay up to date regarding the stock price of Rumble stock. Some brokers allow you to set up watchlists and/or price alerts to assist you in managing your investment portfolio more efficiently. Additionally, you can check various investor-focused websites daily to check the latest Rumble stock price. We recommend Bloomberg, Yahoo Finance, and The Motley Fool for this.
Is Rumble a Good Investment?
When it comes to Rumble stock as an investment, our analysts have done some research and found that RUM has a low debt-to-equity ratio of 0,08. They also found that there are more short-term assets than long-term liabilities on Rum’s balance sheet.
Additionally, they found out that Rumble Inc has over $300m in cash and short-term investments, which is sufficient to cover its annual cash burn. Although these are all positive signs, they should not be constituted as investment advice. You should always do your own due diligence when it comes to investing and investments in general.
As we mentioned earlier in our step-by-step Rumble Inc stocks investing guide, you should watch the value of your investments closely. You track your earnings and the current Rumble stock price the easiest by creating a watch list or by setting up price notification alerts for RUM. The inner workings of this process vary per broker, but it should be self-explanatory. If you don’t manage to do it, we recommend contacting your broker’s customer services.
What Prominent Stock Analysts Think About Rumble Shares
Tom Forte, a top analyst from DA Davidson, labels Rumble a buy and sets a price target of $15,00 for late 2023. Additionally, Jason Helfstein, a top 10% financial analyst from Oppenheimer, labels RUM a Hold and advises his clients and investors to keep the share in their portfolio, even while it isn’t paying out any dividends.
The Most Recent Rumble Inc Stock Earnings
Rumble Inc (RUM) stocks reported Q4 2022 earnings per share of $0,00. This is mostly because the stock doesn’t pay out any dividends. Note that in the same quarter the year prior, the company’s earnings per share (EPS) was -$0,46. For this year, Rumble Inc. is estimated to have an EPS of -$0,04.
Bottom Line – Should You Buy Rumble Inc Stocks?
Based on company earnings, the average volume traded, and other key metrics, it looks like Rumble Inc is a good investment decision. However, past performance cannot guarantee future results, and we advise our readers to do thorough due diligence before investing in any company, crypto, or other assets.
Having said this, we are pretty sure that most brokers provide investors with access to other financial instruments through their platform. This means you will have more than enough chances to trade the market once you’ve set up your brokerage account following the steps outlined in our step-by-step guide above.
Frequently Asked Questions About Buying RUM Stock
Does RUM pay out dividends?
No, owning Rumble Inc stock doesn’t earn you passive income in the form of dividend payments. The only way to make money with RUM stock is when you sell Rumble stock(s) for a price higher than you initially paid for it (including all spreads and other fees).
How much do Rumble shares cost?
As of writing this guide (May 2023), it costs around $10 per Rumble Inc share.
Is it now a good time to buy Rumble stock?
Although Rumble’s valuation, earnings, and value certainly look positive, you should do thorough due diligence before investing in them. Luckily, key features and additional information about Rumble stocks are freely publicly available on multiple investor-focused websites.
What is the best way to buy Rumble stock?
The best way to buy Rumble stock is to buy shares in the company from a broker that charges low, competitive fees. Nowadays, virtually anyone can participate in investing by opening a brokerage account at a discount or even a commission-free broker.
What is the market cap for Rumble Inc stock?
The current market cap for Rumble Inc stock as of writing this guide is $2,77 billion.
Who owns Rumble?
Rumble was founded in 2013 by Chris Pavlovski as an alternative to Youtube for musicians, vloggers, and other independent content creators. As of writing this guide, Chris Pavlovski still runs Rumble as the company’s CEO.
What is the difference between YouTube and Rumble?
The key difference between the two video platforms is that YouTube requires creators to have reached 1,000 subscribers and 4,000 minutes of watch time while Rumble allows content creators to monetise their videos directly.
Michael Graw
Michael Graw is a seasoned freelance writer who specializes in finance, trading, and technology. He is based in Bellingham, Washington, and holds a PhD in Oceanography from Oregon State University. After completing his doctorate, Michael shifted his focus to finance, and he has been writing about markets, emerging technologies, and global news for the past six years.
Over the course of his career, Michael has worked with numerous fintech and cryptocurrency startups to develop marketing content and whitepapers. His writing has appeared on some of the most reputable financial analysis websites, including Buyshares, LearnBonds, TechReport, Cryptonews, Forexcrunch, InsideBitcoins, TradingPlatforms, TechRadar, and Tom’s Guide.
Aside from his professional work, Michael is an avid sports fan and enjoys writing about the growing sports betting industry. His work can be found on BasketballInsiders, where he covers a range of topics related to sports betting in the US.