Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares stood at 10.53 million during the last session, with the company’s beta value hitting 2.32. At the close of trading, the stock’s price was $1.21, to imply a decrease of -1.63% or -$0.02 in intraday trading. The RGTI share’s 52-week high remains $2.36, putting it -95.04% down since that peak but still an impressive 45.45% since price per share fell to its 52-week low of $0.66. The company has a valuation of $231.40M, with an average of 6.62 million shares in intraday trading volume over the past 10 days and average of 3.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Rigetti Computing Inc (RGTI), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RGTI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy.
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Rigetti Computing Inc (NASDAQ:RGTI) trade information
After registering a -1.63% downside in the last session, Rigetti Computing Inc (RGTI) has traded red over the past five days. The 5-day price performance for the stock is 31.52%, and 59.21% over 30 days. With these gigs, the year-to-date price performance is 22.86%. Short interest in Rigetti Computing Inc (NASDAQ:RGTI) saw shorts transact 28.55 million shares and set a 9.19 days time to cover.
The extremes give us $2 and $4 for target low and target high price respectively. As such, RGTI has been trading -230.58% off suggested target high and -65.29% from its likely low.
Rigetti Computing Inc (RGTI) estimates and forecasts
Looking at statistics comparing Rigetti Computing Inc share performance against respective industry, we note that the company has outperformed competitors. Rigetti Computing Inc (RGTI) shares are 5.22% up over the last 6 months, with its year-to-date growth rate higher than industry average at 35.85% against 14.10%.
RGTI Dividends
Rigetti Computing Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Rigetti Computing Inc insiders hold 3.40% of total outstanding shares, with institutional holders owning 34.75% of the shares at 35.97% float percentage. In total, 34.75% institutions holds shares in the company, led by DEER MANAGEMENT CO. LLC. As of 2024-06-30, the company held over 21.58 million shares (or 14.2124% of shares), all amounting to roughly $23.09 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 8.91 million shares, or about 5.8665% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.53 million.
