Rigetti Computing Inc (NASDAQ: RGTI) Stock: Does It Have The Potential To Rise?

In the last trading session, 3.64 million shares of the Rigetti Computing Inc (NASDAQ:RGTI) were traded, and its beta was 2.50. Most recently the company’s share price was $1.10, and it changed around -$0.07 or -5.98% from the last close, which brings the market valuation of the company to $174.00M. RGTI currently trades at a discount to its 52-week high of $3.43, offering almost -211.82% off that amount. The share price’s 52-week low was $0.36, which indicates that the current value has risen by an impressive 67.27% since then. We note from Rigetti Computing Inc’s average daily trading volume that its 3-month average coming to 7.27 million.

Rigetti Computing Inc (NASDAQ:RGTI) trade information

Instantly RGTI has showed a red trend with a performance of -5.98% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 11.69% year-to-date, but still down -6.78% over the last five days. On the other hand, Rigetti Computing Inc (NASDAQ:RGTI) is -35.67% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 72.5% from its current value. Analyst projections state that RGTI is forecast to be at a low of $4 and a high of $4.

Rigetti Computing Inc (RGTI) estimates and forecasts

Rigetti Computing Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.52 percent over the past six months and at a 37.74% annual growth rate that is well above the industry average of 15.20%.