During the last session, Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares were 64.06 million, with the beta value of the company hitting 1.28. At the end of the trading day, the stock’s price was $12.25, reflecting an intraday gain of 4.26% or $0.5. The 52-week high for the RGTI share is $21.42, that puts it down -74.86 from that peak though still a striking 94.61% gain since the share price plummeted to a 52-week low of $0.66. The company’s market capitalization is $2.97B, and the average trade volume was 150.10 million shares over the past three months.
Rigetti Computing Inc (RGTI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RGTI has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Rigetti Computing Inc (RGTI) registered a 4.26% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.26% in intraday trading to $12.25, hitting a weekly high. The stock’s 5-day price performance is -7.83%, and it has moved by 36.87% in 30 days. Based on these gigs, the overall price performance for the year is 781.30%.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -308.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $4 respectively. As a result, RGTI is trading at a premium of 67.35% off the target high and 83.67% off the low.
Rigetti Computing Inc (RGTI) estimates and forecasts
In the rating firms’ projections, revenue will decrease -8.35% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.5M as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 2.84M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.38M and 3.05M respectively. In this case, analysts expect current quarter sales to shrink by -25.93% and then drop by -6.87% in the coming quarter.
While earnings are projected to return 32.63% in 2025, the next five years will return 26.15% per annum.
RGTI Dividends
Rigetti Computing Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 8.91 million shares, is of BLACKROCK INC.’s that is approximately 5.8665% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.53 million.
