In the last trading session, 11.58 million Rigetti Computing Inc (NASDAQ:RGTI) shares changed hands as the company’s beta touched 2.29. With the company’s per share price at $1.11 changed hands at $0.16 or 16.72% during last session, the market valuation stood at $212.28M. RGTI’s last price was a discount, traded about -112.61% off its 52-week high of $2.36. The share price had its 52-week low at $0.66, which suggests the last value was 40.54% up since then. When we look at Rigetti Computing Inc’s average trading volume, we note the 10-day average is 4.05 million shares, with the 3-month average coming to 3.35 million.

Analysts gave the Rigetti Computing Inc (RGTI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RGTI as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Rigetti Computing Inc’s EPS for the current quarter is expected to be -0.09.

Rigetti Computing Inc (NASDAQ:RGTI) trade information

Instantly RGTI was in green as seen at the end of in last trading. With action 35.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 12.70%, with the 5-day performance at 35.96% in the green. However, in the 30-day time frame, Rigetti Computing Inc (NASDAQ:RGTI) is 36.18% up. Looking at the short shares, we see there were 28.55 million shares sold at short interest cover period of 9.19 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 63.0% from its current market value. According to analyst projections, RGTI’s forecast low is 2 with 4 as the target high. To hit the forecast high, the stock’s price needs a -260.36% plunge from its current level, while the stock would need to soar -80.18% for it to hit the projected low.

Rigetti Computing Inc (RGTI) estimates and forecasts

Data shows that the Rigetti Computing Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.91% over the past 6 months, a 35.85% in annual growth rate that is considerably higher than the industry average of 13.70%. Year-over-year growth is forecast to reach 9.80% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 3.33M. 4 analysts are of the opinion that Rigetti Computing Inc’s revenue for the current quarter will be 3.69M. The company’s revenue for the corresponding quarters a year ago was 3.1M and 3.38M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.20%. The estimates for the next quarter sales put growth at 9.30%.

The 2024 estimates are for Rigetti Computing Inc earnings to increase by 30.70%.

RGTI Dividends

Rigetti Computing Inc is expected to release its next quarterly earnings report in November.

Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.40% of Rigetti Computing Inc shares while 34.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.08%. There are 34.85% institutions holding the Rigetti Computing Inc stock share, with DEER MANAGEMENT CO. LLC the top institutional holder. As of 2024-06-30, the company held 14.2124% of the shares, roughly 21.58 million RGTI shares worth $23.09 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.8665% or 8.91 million shares worth $9.53 million as of 2024-06-30.