In recent trading session, Rigetti Computing Inc (NASDAQ:RGTI) saw 22.85 million shares changing hands at last check today with its beta currently measuring 1.26. Company’s recent per share price level of $13.06 trading at $0.4 or 3.20% at last check today assigns it a market valuation of $3.17B. That most recent trading price of RGTI’s stock is at a discount of -64.01% from its 52-week high price of $21.42 and is indicating a premium of 94.95% from its 52-week low price of $0.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 188.22 million shares which gives us an average trading volume of 133.66 million if we extend that period to 3-months.

For Rigetti Computing Inc (RGTI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.

Rigetti Computing Inc (NASDAQ:RGTI) trade information

Upright in the green today for gaining 3.20%, in the last five days RGTI remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $13.06 price level, adding 19.38% to its value on the day. Rigetti Computing Inc’s shares saw a change of -14.38% in year-to-date performance and have moved -3.01% in past 5-day. Rigetti Computing Inc (NASDAQ:RGTI) showed a performance of -23.51% in past 30-days. Number of shares sold short was 47.12 million shares which calculate 0.22 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a fall of -553.0% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would jump 84.69% in reaching the projected high whereas dropping to the targeted low would mean a gain of 84.69% for stock’s current value.

Rigetti Computing Inc (RGTI) estimates and forecasts

Statistics highlight that Rigetti Computing Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 1219.16% of value to its shares in past 6 months, showing an annual growth rate of 35.85% while that of industry is 26.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -8.35% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.5M for the same. And 5 analysts are in estimates of company making revenue of 2.84M in the next quarter. Company posted 3.38M and 3.05M of sales in current and next quarters respectively a year earlier.

In 2025, company’s earnings growth rate is likely to be around 32.63% while estimates for its earnings growth in next 5 years are of 26.15%.

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

Insiders are in possession of 1.14% of company’s total shares while institution are holding 33.90 percent of that, with stock having share float percentage of 34.29%. Investors also watch the number of corporate investors in a company very closely, which is 33.90% institutions for Rigetti Computing Inc that are currently holding shares of the company. DEER MANAGEMENT CO. LLC is the top institutional holder at RGTI for having 21.58 million shares of worth $23.09 million. And as of 2024-06-30, it was holding 14.2124 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 8.91 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8665 of outstanding shares, having a total worth of $9.53 million.

On the other hand, ETF Series Solutions-Defiance Quantum ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 4.55 shares of worth $59.74 million or 2.37% of the total outstanding shares. The later fund manager was in possession of 3.88 shares on Sep 30, 2024, making its stake of worth around $50.9 million in the company or a holder of 2.02% of company’s stock.