Is Rubrik Inc (NYSE: RBRK) Proving The Doubters Wrong?

Rubrik Inc (RBRK) concluded trading on Thursday at a closing price of $74.19, with 2.7 million shares of worth about $200.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 138.48% during that period and on December 12, 2024 the price saw a gain of about 5.35%. Currently the company’s common shares owned by public are about 181.65M shares, out of which, 57.45M shares are available for trading.

Stock saw a price change of 38.26% in past 5 days and over the past one month there was a price change of 65.57%. Over the period of past 52 weeks, stock dropped to lowest price of $28.34 but also hit the highest price of $73.90 during that period. The average intraday trading volume for Rubrik Inc shares is 2.33 million. The stock is currently trading 37.79% above its 20-day simple moving average (SMA20), while that difference is up 63.30% for SMA50 and it goes to 101.28% higher than SMA200.

Rubrik Inc (NYSE: RBRK) currently have 181.65M outstanding shares and institutions hold larger chunk of about 24.91% of that.

The stock has a current market capitalization of $13.48B. It has posted earnings per share of -$6.40 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 9.62% while standing at 5.96% over the month.

Stock’s fiscal year EPS is expected to rise by 67.86% while it is estimated to increase by 30.26% 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 December 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $38 and $72 to it. On September 10, 2024, BMO Capital Markets Reiterated their recommendations, while on August 19, 2024, Piper Sandler Initiated their ratings for the stock with a price target of $42. Stock get an Outperform rating from Robert W. Baird on July 15, 2024.

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