In today’s recent session, 1.83 million shares of the Rigetti Computing Inc (NASDAQ:RGTI) have been traded, and its beta is 2.44. Most recently the company’s share price was $1.26, and it changed around -$0.06 or -4.55% from the last close, which brings the market valuation of the company to $216.62M. RGTI at last check was trading at a discount to its 52-week high of $3.43, offering almost -172.22% off that amount. The share price’s 52-week low was $0.46, which indicates that the recent value has risen by an impressive 63.49% since then. We note from Rigetti Computing Inc’s average daily trading volume that its 3-month average coming to 6.87 million.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Instantly RGTI has been showing red trend so far today with a performance of -4.55% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 27.93% year-to-date, but still up 0.80% over the last five days. On the other hand, Rigetti Computing Inc (NASDAQ:RGTI) is 4.13% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 68.5% 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 risen 18.87 percent over the past six months and at a 37.74% annual growth rate that is well above the industry average of 16.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 42.10% in revenue this quarter, and will report an increase of 23.10% in the next quarter. The year-over-year growth rate is expected to be 27.40%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $3.05 million in revenue for the current quarter. 4 analysts expect Rigetti Computing Inc to make $3.53 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $4.85 million. Analysts predict that the company’s current quarter sales will drop, forecast at -37.10%.
