Rubrik Inc. (NYSE: RBRK) – Not A Clear Buying Opportunity?

Rubrik Inc. (RBRK) concluded trading on Thursday at a closing price of $38.71, with 4.45 million shares of worth about $172.2 million changed hands on the day. On October 10, 2024 the price saw a gain of about 7.56%. Currently the company’s common shares owned by public are about 181.65M shares, out of which, 63.09M shares are available for trading.

Stock saw a price change of 18.74% in past 5 days and over the past one month there was a price change of 15.55%. Over the period of past 52 weeks, stock dropped to lowest price of $28.34 but also hit the highest price of $40.00 during that period. The average intraday trading volume for Rubrik Inc. shares is 1.63 million. The stock is currently trading 17.88% above its 20-day simple moving average (SMA20), while that difference is up 17.36% for SMA50 and it goes to 17.01% higher than SMA200.

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Rubrik Inc. (NYSE: RBRK) currently have 181.65M outstanding shares and institutions hold larger chunk of about 17.69% of that.

The stock has a current market capitalization of $7.03B. It has posted earnings per share of -$6.17 in the same period. It has Quick Ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RBRK, volatility over the week remained 5.32% while standing at 4.73% over the month.

Stock’s fiscal year EPS is expected to rise by 63.47% while it is estimated to increase by 35.79% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on September 10, 2024 offering an Outperform rating for the stock and assigned a target price range of between $40 and $38 to it. Coverage by Piper Sandler stated Rubrik Inc. (RBRK) stock as an Overweight in their note to investors on August 19, 2024, suggesting a price target of $42 for the stock. On July 15, 2024, Robert W. Baird Initiated their recommendations, while on June 06, 2024, BMO Capital Markets Upgrade their ratings for the stock with a price target of $40. Stock get an Overweight rating from Cantor Fitzgerald on May 31, 2024.

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