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Rumble: Speculative Play (Rating Upgrade)

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Update - Oct. 19, 2023

The online video streaming chart has shown a noticeable improvement after dipping below $5. Rumble still needs to prove the company can leverage the higher spending to more viewers. As example, Russell Brand only has 1.72 million followers now despite pushing his Twitter follower base to Rumble. 

Finviz Chart

Update - Sept. 28, 2023

Rumble has made a big bounce off the lows below $5. The stock got beaten down too far on irrational fears. 

Finviz Chart 

Original article posted on Sept. 26

  • Rumble Inc. stock has plummeted, making it an appealing buy for investors looking for an entry point.
  • The platform's focus on free speech has not resulted in significant organic growth, with content creators only using Rumble as a last resort or when well compensated.
  • The stock offers a better value at 6x '24 sales, which is cheap for the strong growth rates.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
As with any stock, Rumble Inc. (NASDAQ:RUM) is a lot more appealing now that the stock has plummeted without any change in the business prospects. The market selloff and drama over Russell Brand could provide an interesting entry point for the free speech video sharing platform. My investment thesis is a speculative Buy after the stock collapsed below $5.


Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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