Rubrik Inc (NYSE:RBRK) price on current trading day, rose 29.63% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $69.56.
A look at the stock’s price movement, the level at last check in today’s session was $53.66, moving within a range at $62.06 and $71.34. Turning to its 52-week performance, $54.90 and $28.34 were the 52-week high and 52-week low respectively. Overall, RBRK moved 60.68% over the past month.
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Rubrik Inc’s market cap currently stands at around $12.64 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 229.42M for the company’s revenue for the quarter, with a low and high estimate of 223.67M and 233.3M respectively.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 11 recommend RBRK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RBRK’s current price about 42.44% and 64.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 89.26, while 7-day volatility ratio is 5.20% and 4.55% in the 30-day chart. Further, Rubrik Inc (RBRK) has a beta value of 0, and an average true range (ATR) of 3.34. Analysts have given the company’s stock an average 52-week price target of $43, forecast between a low of $38 and high of $50. Looking at the price targets, the low is 45.37% off recent price level in today’s trading while to achieve the yearly target high, it has to move 28.12%. Nonetheless, investors will most likely welcome a 38.18% jump to $43 which is the analysts’ median price.
If we refocus on Rubrik Inc (NYSE:RBRK), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 2.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 62.09 million shares.
The 68.42% of Rubrik Inc’s shares are in the hands of company insiders while institutional holders own 24.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.37 million on 2024-11-15, giving us a short ratio of 3.22. Current price change has pushed the stock 88.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RBRK stock continues to rise going into the next quarter.
