During the last session, Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares were 28.64 million, with the beta value of the company hitting 1.35. At the end of the trading day, the stock’s price was $8.47, reflecting an intraday loss of -7.73% or -$0.71. The 52-week high for the RGTI share is $21.42, that puts it down -152.89 from that peak though still a striking 92.21% gain since the share price plummeted to a 52-week low of $0.66. The company’s market capitalization is $2.42B, and the average intraday trading volume over the past 10 days was 61.26 million shares, and the average trade volume was 117.82 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 -0.04.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Rigetti Computing Inc (RGTI) registered a -7.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.73% in intraday trading to $8.47, hitting a weekly high. The stock’s 5-day price performance is -5.78%, and it has moved by -8.73% in 30 days. Based on these gigs, the overall price performance for the year is 416.46%. The short interest in Rigetti Computing Inc (NASDAQ:RGTI) is 68.3 million shares and it means that shorts have 1.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -182.33% 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 52.77% off the target high and 76.39% off the low.
Rigetti Computing Inc (RGTI) estimates and forecasts
In the rating firms’ projections, revenue will increase 29.71% 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 2.55M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.99M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.05M and 3.09M respectively. In this case, analysts expect current quarter sales to shrink by -16.43% and then drop by -3.01% in the coming quarter.
While earnings are projected to return 51.13% in 2025, the next five years will return 29.11% per annum.
RGTI Dividends
Rigetti Computing Inc is due to release its next quarterly earnings on 2025-Mar-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Rigetti Computing Inc insiders own 1.08% of total outstanding shares while institutional holders control 24.01%, with the float percentage being 24.27%. DEER MANAGEMENT CO. LLC is the largest shareholder of the company, while 279.0 institutions own stock in it. As of 2024-06-30, the company held over 21.58 million shares (or 12.5549% of all shares), a total value of $23.09 million in shares.
The next largest institutional holding, with 8.91 million shares, is of BLACKROCK INC.’s that is approximately 5.1824% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.53 million.
