In the latest trading session, 2.14 million Rubrik Inc. (NYSE:RBRK) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $31.94 changing hands around $0.36 or 1.13% at last look, the market valuation stands at $5.75B. RBRK’s current price is a discount, trading about -25.23% off its 52-week high of $40.00. The share price had its 52-week low at $28.34, which suggests the last value was 11.27% up since then. When we look at Rubrik Inc.’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 1.06 million.
Analysts gave the Rubrik Inc. (RBRK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.18. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RBRK as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Rubrik Inc.’s EPS for the current quarter is expected to be -0.4.
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Rubrik Inc. (NYSE:RBRK) trade information
Instantly RBRK is in green as seen in intraday trades today. With action -2.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -13.68%, with the 5-day performance at -2.12% in the red. However, in the 30-day time frame, Rubrik Inc. (NYSE:RBRK) is 2.07% up. Looking at the short shares, we see there were 4.0 million shares sold at short interest cover period of 4.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 44.5, meaning bulls need an upside of 28.22% from its recent market value. According to analyst projections, RBRK’s forecast low is 38 with 50 as the target high. To hit the forecast high, the stock’s price needs a -56.54% plunge from its current level, while the stock would need to soar -18.97% for it to hit the projected low.
Rubrik Inc. (RBRK) estimates and forecasts
Data shows that the Rubrik Inc. share is performing relatively much better than most of its peers within the same industry.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 217.1M. 15 analysts are of the opinion that Rubrik Inc.’s revenue for the current quarter will be 224.58M. The 2024 estimates are for Rubrik Inc. earnings to increase by 63.32%.
Among Mutual Funds, the top two as of Jun 30, 2024 were Smallcap World Fund and AB Cap Fd.-AB Small Cap Growth Port. With 1.75 shares estimated at $55.27 million under it, the former controlled 3.15% of total outstanding shares. On the other hand, AB Cap Fd.-AB Small Cap Growth Port held about 2.09% of the shares, roughly 1.16 shares worth around $36.75 million.
