During the last session, Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares were 3.03 million, with the beta value of the company hitting 2.49. At the end of the trading day, the stock’s price was $1.15, reflecting an intraday loss of -3.36% or -$0.04. The 52-week high for the RGTI share is $3.43, that puts it down -198.26 from that peak though still a striking 68.7% gain since the share price plummeted to a 52-week low of $0.36. The company’s market capitalization is $181.91M, and the average trade volume was 7.41 million shares over the past three months.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Rigetti Computing Inc (RGTI) registered a -3.36% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.36% in intraday trading to $1.15, hitting a weekly high. The stock’s 5-day price performance is -2.54%, and it has moved by -29.88% in 30 days. Based on these gigs, the overall price performance for the year is 140.99%.
Rigetti Computing Inc (RGTI) estimates and forecasts
Statistics show that Rigetti Computing Inc has outperformed its competitors in share price, compared to the industry in which it operates. Rigetti Computing Inc (RGTI) shares have gone down -0.86% during the last six months, with a year-to-date growth rate more than the industry average at 37.74% against 15.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 42.10% this quarter and then jump 15.40% in the quarter after that. In the rating firms’ projections, revenue will increase 34.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $3.24 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $3.61 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $4.85 million .
While earnings are projected to return 31.56% in 2024.
RGTI Dividends
Rigetti Computing Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
