Do you want to buy the new RUM stock after successful merger of Rumble with CFVI SPAC?
The good news is that RUM stock has great short term and long term potential growth potential.
In this article you will know how to buy the RUM stock. You will also see our 10-year RUM stock price prediction.
What is the New RUM Stock?
Rumble (NASDAQ:RUM) has concluded its revere merger with CF Acquisition VI. Rumble is in the technology sector within the software application industry.
After a successful merger of CFVI and Rumble, CFVI stock will no more be available as RUM stock now trades in its place.
Rumble shares, under their new ticker symbol ‘RUM’, started trading on the NASDAQ exchange on Sept. 19, then put an end to the CFVI stock.
The company operates rumble.com, a platform that enables video creators to host, livestream, manage, distribute, and create OTT feeds, as well as monetize their content. The company was founded in 2013 and is based in Longboat Key, Florida.
Rumble stands to gain roughly $400 million in gross proceeds from the reverse merger deal which is good news on its financial future.
How you should Buy RUM Stock
Shares of (NASDAQ: RUM) stock can be purchased through any online brokerage.
Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Fidelity, Charles Schwab, TradeZero, eToro, Interactive Broker, Robinhood, Cobra Trading, and Moomoo.
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To buy the RUM Stock you must follow the steps below:
Step 1: Compare Trading Platforms
This will help you make a good choice of brokerage that suits your investment target. Use some comparison tables to help you find a platform that fits you, then, choose a broker that has access to the NASDAQ exchange.
Step 2: Open Your Brokerage Account.
This is your trading account to be opened with the brokerage firm. You must complete an application with your details and follow other procedures required by your broker.
Step 3: Confirm Your Payment Details.
You need to deposit sufficient money to your account so that you can trade. Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research the Stock
Conduct a research online to locate the stock you want to buy. Find the stock by name or ticker symbol, in this case -RUM- and research it before deciding if it is a good investment for you now.
Step 5: Purchase Now or Later
Buy your preferred quantity of RUM stock with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Check In On Your Investment.
Optimize your portfolio by tracking your stock regularly so as to know when your investment target is attained and when you may need to change investment strategy.
RUM Stock Price Forecast 2022, 2023-2033
The forecast used the Moving Average model and the Discounted Cash Flow (DCF) Model to pierce into the future value of RUM.
We did evaluate the fundamental dynamics of the RUM stock to make the following point price predictions.
RUM Stock Price Prediction 2022
RUM Stock price is estimated to reach a maximum of at $19.63by the end of 2022. The price will drop to as low as $10.86.
The average price of RUM is estimated at $15.24 by the end of 2022. There is evidence that RUM Stock may attain $15.00 per share in 2022. Implied price volatility is, on the average, measured at 4.6%.
RUM Stock Price Prediction 2023
Given that RUM stock will maintain a steady growth due to merger advantage, analysts believe that a growing trend may go bullish in the long term.
In 2023, the price of RUM Stock is expected to hit a maximum value of $26.70.
The minimum price is expected to reach $11.45.
The average price estimated at $19.07. There is evidence that RUM stock will trade at about $19.00 per share in 2023. Implied price volatility is, on the average, measured at 23.19%.
RUM Stock Price Prediction 2024
In 2024, analysts predict RUM Stock maximum trading price as $37.26, while the minimum price is projected to hit $14.32.
Average price is estimated at $25.79, meaning that RUM will trade at $25.00 per share in the years 2024. Implied price volatility is, on the average, measured at 13.06%.
RUM Stock Price Prediction 2025
Analysts are optimistic of steady growth. The year 2025 is expected to end with a maximum price of $48.56 and a minimum price value of $15.10.
The average price is projected to $31.83. This means the value of RUM stock per share will reach $31.00 in the year 2025. Implied price volatility is, on the average, measured at 18.60%.
RUM Stock Price Prediction 2026
Technical analysis by our stock experts shows that the price of RUM in 2026 is expected to reach $15.79 minimum and $55.30 maximum.
Average trading value estimated at $35.54. There is evidence that RUM Stock will trade at $35.00 per share in 2026. Implied price volatility is, on the average, measured at 25.10%.
RUM Stock Price Prediction 2027
As the long term draws near, the RUM stock is now set on a bullish curve.
RUM stock is predicted to go up to a minimum of $22.85 and reaching a peak at $97.50. Average price of RUM Stock is estimated to reach $60.17 in the year.
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There is evidence that the price of Rum per share will be $60.00 in 2027, that is, 5 years to come. Implied price volatility is, on the average, measured at 37.29%.
RUM Stock Price Prediction 2028
The year 2028 is expected to put the maximum RUM Stock price at $128.30 and a minimum of $38.19.
The expected average trading price is set at $83.24. It is concluded that RUM stock will trade at $83.00 per share in the year 2028. Implied price volatility is, on the average, measured at 45.07%.
RUM Stock Price Prediction 2029
It is assumed that in 2029 there will be $45.67 minimum price and $146.29 maximum price value.
On the average, the trading price will reach $95.98, meaning that RUM stock will trade at $95.00 per share this year. Implied price volatility is, on the average, measured at 51.24%.
RUM Stock Price Prediction 2030
Experts predicted RUM Stock to reach maximum of $165.28 by the year 2030. Minimum price value is projected at $49.78.
The average price of $107.53 is estimated for the year. It means that RUM stock will trade at about $107.00 per share in 2030. Implied price volatility is, on the average, measured at 51.24%.
RUM Stock Price Prediction 2031
RUM stock will remain on the ‘good-buy trajectory’ due to growing potential and positive fundamentals.
It is expected that by the end of 2031 RUM stock will trade between $54.18 and $186.70. On the average the RUM Stock will trade at $120.44 in 2031.
There is evidence that RUM will trade at $120.00 per share in the year. Implied price volatility is, on the average, measured at 49.12%.
RUM Stock Price Prediction 2032
Analysts consider 2032 as a bullish year. Minimum price projection is $78.57 with maximum price estimated at $239. 09
On the average, RUM price will reach $158.83 in 2032. This means that RUM stock will trade at $158.00 per share in 2032. Implied price volatility is, on the average, measured at 49.12%.
RUM Stock Price Prediction 2033
As the bullish trend continues, the analysis of fundamental and technical variables by our stock experts reveals a significant high price in the year.
The price of RUM Stock in 2033 is expected to reach minimum at $94.76 and maximum at $281.55.
The average trading value of RUM stock is estimated at $188.15. There is evidence that RUM stock will trade at $188.00 per share in the year 2033, that is, by next 10 years.
What is the Future of RUM Stock?
The future of RUM stock will be favourable for aggressive investors given its projected growth potential.
According to analysts, RUM stock will maintain both short term and long term growth trends which will keep your investment on a reasonable appreciation over time.
For instance, your investment of $1000 today ($13.25 per share) will become $4,541 in the next 5 years (2027). This is about 354% growth in just five years.
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There is also evidence of your today’s $1000 investment in RUM stock bringing to your pocket a massive $14,200 in the next 10 years (2033), which is about 1,320% growth in ten years.