Better Times Ahead For Rubrik Inc (NYSE: RBRK)?

Rubrik Inc (RBRK) concluded trading on Wednesday at a closing price of $68.05, with 5.39 million shares of worth about $366.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 129.36% during that period and on December 18, 2024 the price saw a loss of about -6.74%. Currently the company’s common shares owned by public are about 87.04M shares, out of which, 72.36M shares are available for trading.

Stock saw a price change of -3.37% in past 5 days and over the past one month there was a price change of 55.26%. Over the period of past 52 weeks, stock dropped to lowest price of $28.34 but also hit the highest price of $75.79 during that period. The average intraday trading volume for Rubrik Inc shares is 2.35 million. The stock is currently trading 14.39% above its 20-day simple moving average (SMA20), while that difference is up 40.20% for SMA50 and it goes to 80.43% higher than SMA200.

Rubrik Inc (NYSE: RBRK) currently have 87.04M outstanding shares and institutions hold larger chunk of about 24.43% of that.

The stock has a current market capitalization of $12.61B. It has posted earnings per share of -$6.40 in the same period. It has Quick Ratio of 1.05. 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 6.08% while standing at 6.23% over the month.

Stock’s fiscal year EPS is expected to rise by 67.86% while it is estimated to increase by 30.59% 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 Rosenblatt on December 17, 2024 offering a Neutral rating for the stock and assigned a target price of $77 to it. Coverage by BMO Capital Markets stated Rubrik Inc (RBRK) stock as an Outperform in their note to investors on December 06, 2024, suggesting a price target of $72 for the stock. On November 13, 2024, Oppenheimer Initiated their recommendations, while on September 10, 2024, BMO Capital Markets Reiterated their ratings for the stock with a price target of $38. Stock get an Overweight rating from Piper Sandler on August 19, 2024.

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