Rubrik Inc. (NYSE: RBRK): Decline Of -61.03% Looks Weak With A Stock Forecast 2024

In the latest trading session, 0.81 million shares of the Rubrik Inc. (NYSE:RBRK) were traded. Most recently the company’s share price was $31.05, and it changed around $0.55 or 1.79% from the last close, which brings the market valuation of the company to $5.43B. RBRK currently trades at a discount to its 52-week high of $40.00, offering almost -28.82% off that amount. The share price’s 52-week low was $28.34, which indicates that the current value has risen by an impressive 8.73% since then. We note from Rubrik Inc.’s average daily trading volume that its 10-day average is 2.54 million shares, with the 3-month average coming to 1.17 million.

Rubrik Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.18. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended RBRK as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Rubrik Inc. is expected to report earnings per share of -0.4 for the current quarter.

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Rubrik Inc. (NYSE:RBRK) trade information

Instantly RBRK has showed a green trend with a performance of 1.79% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.90 on recent trading dayincreased the stock’s daily price by 8.41%. The company’s shares are currently down -16.09% year-to-date, but still down -3.17% over the last five days. On the other hand, Rubrik Inc. (NYSE:RBRK) is -7.66% down in the 30-day period. We can see from the shorts that 4.0 million shares have been sold at a short interest cover period of 6.19 day(s).

The consensus price target as assigned by Wall Street analysts is $44.5, which translates to bulls needing to increase their stock price by 30.22% from its current value. Analyst projections state that RBRK is forecast to be at a low of $38 and a high of $50.

Rubrik Inc. (RBRK) estimates and forecasts

Rubrik Inc. share prices are performing particularly well compared to other companies within the same industry.

Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 217.54M in revenue for the current quarter. 15 analysts expect Rubrik Inc. to make 224.68M in revenue for the current ending quarter.

RBRK Dividends

Rubrik Inc.’s next quarterly earnings report is expected to be released on 2024-Sep-09.

Rubrik Inc. (NYSE:RBRK)’s Major holders