Rumble Inc. (RUM) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Rumble Inc. (RUM) - Rumble Inc. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - RUM shares have increased by 7.61% over the past week, outperforming the Zacks Internet - Software industry, which rose by 2.33% during the same period [5] - Over the past quarter, RUM shares have risen by 24.4%, and over the last year, they have increased by 63.13%, compared to the S&P 500's gains of 16.66% and 14.76%, respectively [6] - The average 20-day trading volume for RUM is 3,192,079 shares, indicating a bullish sign as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, two earnings estimates for RUM have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.35 to -$0.22 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions, indicating positive sentiment regarding future earnings [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, Rumble Inc. is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]