Rigetti Computing Inc (NASDAQ:RGTI) has a beta value of 1.32 and has seen 131.45 million shares traded in the last trading session. The company, currently valued at $4.50B, closed the last trade at $19.51 per share which meant it gained $0.49 on the day or 2.58% during that session. The RGTI stock price is -4.41% off its 52-week high price of $20.37 and 96.62% above the 52-week low of $0.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 189.15 million shares traded. The 3-month trading volume is 81.45 million shares.
The consensus among analysts is that Rigetti Computing Inc (RGTI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Sporting 2.58% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RGTI stock price touched $19.51 or saw a rise of 8.92%. Year-to-date, Rigetti Computing Inc shares have moved 27.85%, while the 5-day performance has seen it change 14.23%. Over the past 30 days, the shares of Rigetti Computing Inc (NASDAQ:RGTI) have changed 527.33%. Short interest in the company has seen 36.31 million shares shorted with days to cover at 0.35.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -875.5% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is 89.75% off the targeted high while a plunge would see the stock lose 89.75% from current levels.
Rigetti Computing Inc (RGTI) estimates and forecasts
Figures show that Rigetti Computing Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 1775.96% over the past 6 months, with this year growth rate of 35.85%, compared to 25.20% for the industry.
RGTI Dividends
Rigetti Computing Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Insiders own 1.02% of the company shares, while shares held by institutions stand at 33.69% with a share float percentage of 34.04%. Investors are also buoyed by the number of investors in a company, with Rigetti Computing Inc having a total of 127.0 institutions that hold shares in the company. The top two institutional holders are DEER MANAGEMENT CO. LLC with over 21.58 million shares worth more than $23.09 million. As of 2024-06-30, DEER MANAGEMENT CO. LLC held 14.2124% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 8.91 million shares as of 2024-06-30. The firm’s total holdings are worth over $9.53 million and represent 5.8665% of shares outstanding.
