The trading price of Rubrik Inc (NYSE:RBRK) closed higher on Monday, December 09, and closing at $69.79, 7.98% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $63.35 and $70.18. In examining the 52-week price action we see that the stock hit a 52-week high of $72.66 and a 52-week low of $28.34. Over the past month, the stock has gained 56.94% in value.
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Rubrik Inc, whose market valuation is $15.27 billion at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned RBRK a recommendation rating is 11. Out of them, 0 rate it a Hold, while 11 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Rubrik Inc (RBRK) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that RBRK’s price is currently 40.03% off the SMA20 and 62.10% off the SMA50. The RSI metric on the 14-day chart is currently showing 89.49, and weekly volatility stands at 8.98%. When measured over the past 30 days, the indicator reaches 5.55%. Rubrik Inc (NYSE:RBRK)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 3.68. With analysts defining $38-$50 as the low and high price targets, we arrive at a consensus price target of $43 for the trailing 12-month period. The current price is about 45.55% off the estimated low and 28.36% off the forecast high, based on this estimate. Investors will be thrilled if RBRK’s share price rises to $43, which is the median consensus price. At that level, RBRK’s share price would be 38.39% above current price.
To see how Rubrik Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RBRK stock’s performance was 7.98% in the latest trading.
An evaluation of the daily trading volume of Rubrik Inc (NYSE:RBRK) indicates that the 3-month average is 2.33 million. However, this figure has increased over the past 10 days to an average of 3.19.
Currently, records show that 181.65 million of the company’s shares remain outstanding. The insiders hold 68.41% of outstanding shares, whereas institutions hold 24.92%. The stats also highlight that short interest as of 2024-11-15, stood at 4.37 million shares, resulting in a short ratio of 3.22 at that time. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 4.9 million. However, since the stock’s price has seen 88.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
