In the last trading session, 15.5 million shares of the Rigetti Computing Inc (NASDAQ:RGTI) were traded, and its beta was 2.28. Most recently the company’s share price was $1.50, and it changed around $0.28 or 22.95% from the last close, which brings the market valuation of the company to $286.86M. RGTI currently trades at a discount to its 52-week high of $2.36, offering almost -57.33% off that amount. The share price’s 52-week low was $0.66, which indicates that the current value has risen by an impressive 56.0% since then. We note from Rigetti Computing Inc’s average daily trading volume that its 10-day average is 8.78 million shares, with the 3-month average coming to 3.88 million.

Rigetti Computing Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended RGTI as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Rigetti Computing Inc is expected to report earnings per share of -0.09 for the current quarter.

Rigetti Computing Inc (NASDAQ:RGTI) trade information

Instantly RGTI has showed a green trend with a performance of 22.95% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5400 on recent trading dayincreased the stock’s daily price by 2.6%. The company’s shares are currently up 52.30% year-to-date, but still up 17.19% over the last five days. On the other hand, Rigetti Computing Inc (NASDAQ:RGTI) is 85.14% up in the 30-day period. We can see from the shorts that 27.45 million shares have been sold at a short interest cover period of 10.94 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 50.0% from its current value. Analyst projections state that RGTI is forecast to be at a low of $2 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 11.94 percent over the past six months and at a 35.85% annual growth rate that is well above the industry average of 15.50%. The year-over-year growth rate is expected to be 9.80%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 3.33M in revenue for the current quarter. 4 analysts expect Rigetti Computing Inc to make 3.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.1M and 3.38M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.20%. Forecasts for the next quarter put sales growth at 9.30%.

RGTI Dividends

Rigetti Computing Inc’s next quarterly earnings report is expected to be released in November.

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

Upon looking at major shareholders, it appears that insiders hold 3.40% of Rigetti Computing Inc shares, and 34.76% of them are in the hands of institutional investors. The stock currently has a share float of 35.98%. Rigetti Computing Inc stock is held by 122.0 institutions, with DEER MANAGEMENT CO. LLC being the largest institutional investor. By 2024-06-30, it held 14.2124% of the shares, which is about 21.58 million shares worth $23.09 million.

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