Rubrik Inc (NYSE:RBRK) price on current trading day, fall -1.89% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $65.47.
A look at the stock’s price movement, the level at last check in today’s session was $66.73, moving within a range at $62.53 and $66.2699. Turning to its 52-week performance, $75.79 and $28.34 were the 52-week high and 52-week low respectively. Overall, RBRK moved -9.30% over the past month.
Rubrik Inc’s market cap currently stands at around $12.13 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 232.91M for the company’s revenue for the quarter, with a low and high estimate of 232.48M and 233.53M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 861.37M, representing a 37.19% jump on that reported in the last financial year.
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 -1.89% and 12.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.78, while 7-day volatility ratio is 5.24% and 5.94% in the 30-day chart. Further, Rubrik Inc (RBRK) has a beta value of 0, and an average true range (ATR) of 3.88. 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 41.96% off recent price level in today’s trading while to achieve the yearly target high, it has to move 23.63%. Nonetheless, investors will most likely welcome a 34.32% 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 2.36 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 59.35% of Rubrik Inc’s shares are in the hands of company insiders while institutional holders own 24.52% 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 0.17% 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.
