In today’s recent session, 93.96 million shares of the Rigetti Computing Inc (NASDAQ:RGTI) have been traded, and its beta is 2.73. Most recently the company’s share price was $4.55, and it changed around $0.17 or 3.88% from the last close, which brings the market valuation of the company to $1.52B. RGTI at last check was trading at a discount to its 52-week high of $4.39, offering almost 3.52% off that amount. The share price’s 52-week low was $0.66, which indicates that the recent value has risen by an impressive 85.49% since then. We note from Rigetti Computing Inc’s average daily trading volume that its 10-day average is 116.65 million shares, with the 3-month average coming to 24.80 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 1 rate it as Overweight. Among the rest, 0 recommended RGTI as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Rigetti Computing Inc is expected to report earnings per share of -0.07 for the current quarter.
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Rigetti Computing Inc (NASDAQ:RGTI) trade information
Instantly RGTI has been showing a green trend so far today with a performance of 3.88% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.09 on recent trading dayincreased the stock’s daily price by 10.61%. The company’s shares are currently up 361.98% year-to-date, but still up 50.66% over the last five days. On the other hand, Rigetti Computing Inc (NASDAQ:RGTI) is 218.18% up in the 30-day period. We can see from the shorts that 26.13 million shares have been sold at a short interest cover period of 2.31 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -127.5% from its current value. Analyst projections state that RGTI is forecast to be at a low of $2 and a high of $2.
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 341.75 percent over the past six months and at a 35.85% annual growth rate that is well above the industry average of 24.60%. The year-over-year growth rate is expected to be -8.17%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 2.52M in revenue for the current quarter. 4 analysts expect Rigetti Computing Inc to make 2.93M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.38M and 3.05M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -25.33%. Forecasts for the next quarter put sales growth at -4.06%.
RGTI Dividends
Rigetti Computing Inc’s next quarterly earnings report is expected to be released in January.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.57% of Rigetti Computing Inc shares, and 33.64% of them are in the hands of institutional investors. The stock currently has a share float of 34.53%. Rigetti Computing Inc stock is held by 125.0 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.
ETF Series Solutions-Defiance Quantum ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 4.55 shares worth $20.04 million, making up 2.37% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.88 shares worth around $17.07 million, which represents about 2.02% of the total shares outstanding.
