Rubrik Inc (NYSE:RBRK) price on Tuesday, December 24, rose 1.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $67.93.
A look at the stock’s price movement, the close in the last trading session was $67.17, moving within a range at $64.3004 and $69.64. Turning to its 52-week performance, $75.79 and $28.34 were the 52-week high and 52-week low respectively. Overall, RBRK moved 35.16% over the past month.
Rubrik Inc’s market cap currently stands at around $12.73 billion, with investors looking forward to this quarter’s earnings report slated for in January.
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 7.54% and 33.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.61, while 7-day volatility ratio is 7.17% and 6.53% in the 30-day chart. Further, Rubrik Inc (RBRK) has a beta value of 0, and an average true range (ATR) of 4.13. Analysts have given the company’s stock an average 52-week price target of $42.5, forecast between a low of $38 and high of $50. Looking at the price targets, the low is 44.06% off current price level while to achieve the yearly target high, price needs to move 26.39%. Nonetheless, investors will most likely welcome a 37.44% jump to $42.5 which is the analysts’ median price.
If we refocus on Rubrik Inc (NYSE:RBRK), historical trading data shows that trading volumes averaged 4.18 over the past 10 days and 2.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 87.04 million shares.
The 60.97% of Rubrik Inc’s shares are in the hands of company insiders while institutional holders own 24.43% 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 86.49% 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.
