In the last trading session, 228.05 million Rigetti Computing Inc (NASDAQ:RGTI) shares changed hands as the company’s beta touched 2.17. With the company’s per share price at $10.96 changed hands at $1.59 or 16.97% during last session, the market valuation stood at $3.33B. RGTI’s last price was a discount, traded about -16.33% off its 52-week high of $12.75. The share price had its 52-week low at $0.66, which suggests the last value was 93.98% up since then. When we look at Rigetti Computing Inc’s average trading volume, we note the 10-day average is 210.08 million shares, with the 3-month average coming to 57.08 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 (NASDAQ:RGTI) trade information
Instantly RGTI was in green as seen at the end of in last trading. With action 30.01%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1012.80%, with the 5-day performance at 30.01% in the green. However, in the 30-day time frame, Rigetti Computing Inc (NASDAQ:RGTI) is 640.54% up. Looking at the short shares, we see there were 34.85 million shares sold at short interest cover period of 0.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -448.0% from its current market value. According to analyst projections, RGTI’s forecast low is 2 with 2 as the target high. To hit the forecast high, the stock’s price needs a 81.75% surge from its current level, while the stock would need to tank 81.75% 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 1122.26% over the past 6 months, a 35.85% in annual growth rate that is considerably higher than the industry average of 26.00%.
The 2024 estimates are for Rigetti Computing Inc earnings to increase by 32.63%.
RGTI Dividends
Rigetti Computing Inc is expected to release its next quarterly earnings report in January.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.45% of Rigetti Computing Inc shares while 33.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.54%. There are 33.69% 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.
