In the last trading session, 84.53 million Rigetti Computing Inc (NASDAQ:RGTI) shares changed hands as the company’s beta touched 1.26. With the company’s per share price at $10.75 changed hands at -$0.72 or -6.28% during last session, the market valuation stood at $2.60B. RGTI’s last price was a discount, traded about -99.26% off its 52-week high of $21.42. The share price had its 52-week low at $0.66, which suggests the last value was 93.86% up since then.
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’s EPS for the current quarter is expected to be -0.06.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Instantly RGTI was in red as seen at the end of in last trading. With action -12.24%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -29.55%, with the 5-day performance at -12.24% in the red. However, in the 30-day time frame, Rigetti Computing Inc (NASDAQ:RGTI) is -22.72% down.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -258.33% from its current market value. According to analyst projections, RGTI’s forecast low is 2 with 4 as the target high. To hit the forecast high, the stock’s price needs a 62.79% surge from its current level, while the stock would need to tank 81.4% for it to hit the projected low.
Rigetti Computing Inc (RGTI) estimates and forecasts
Year-over-year growth is forecast to reach -8.35% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.5M. 6 analysts are of the opinion that Rigetti Computing Inc’s revenue for the current quarter will be 2.82M. The company’s revenue for the corresponding quarters a year ago was 3.38M and 3.05M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -25.93%. The estimates for the next quarter sales put growth at -7.65%.
The 2025 estimates are for Rigetti Computing Inc earnings to increase by 32.99%, but the outlook for the next 5-year period is at 26.81% per year.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were ETF Series Solutions-Defiance Quantum ETF and Vanguard Total Stock Market Index Fund. With 4.55 shares estimated at $48.95 million under it, the former controlled 2.37% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.02% of the shares, roughly 3.88 shares worth around $41.71 million.
