What Will Rubrik Inc. (NYSE: RBRK) Be Like In 2024

Rubrik Inc. (NYSE:RBRK) shares, rose in value on Friday, August 09, with the stock price up by 0.83% to the previous day’s close as strong demand from buyers drove the stock to $31.75.

Actively observing the price movement in the last trading, the stock closed the session at $31.49. Referring to stock’s 52-week performance, its high was $40.00, and the low was $28.34. On the whole, RBRK has fluctuated by -3.76% over the past month.

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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 818.33M, with a low estimate of 195.6M and a high estimate of 197.61M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 196.16M.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RBRK currently trading nearly -6.27% and -2.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.96, while the 7-day volatility ratio is showing 5.32% which for the 30-day chart, stands at 5.17%. Furthermore, Rubrik Inc. (RBRK)’s average true range (ATR) is 1.80.

Data on historical trading for Rubrik Inc. (NYSE:RBRK) indicates that the trading volumes over the past 3 months, they’ve averaged 965.56K. According to company’s latest data on outstanding shares, there are 180.06 million shares outstanding.

Nearly 69.38% of Rubrik Inc.’s shares belong to company insiders and institutional investors own 7.88% of the company’s shares. The stock has fallen by -14.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RBRK stock heading into the next quarter.

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