Rigetti Computing Inc (NASDAQ:RGTI) has a beta value of 1.39 and has seen 27.88 million shares traded in the last trading session. The company, currently valued at $2.33B, closed the last trade at $8.15 per share which meant it lost -$0.32 on the day or -3.78% during that session. The RGTI stock price is -162.82% off its 52-week high price of $21.42 and 91.9% 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 51.48 million shares traded. The 3-month trading volume is 113.21 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. The expected earnings per share for the stock is -0.04.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Sporting -3.78% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RGTI stock price touched $8.15 or saw a rise of 20.95%. Year-to-date, Rigetti Computing Inc shares have moved -46.59%, while the 5-day performance has seen it change -10.14%. Over the past 30 days, the shares of Rigetti Computing Inc (NASDAQ:RGTI) have changed 1.49%. Short interest in the company has seen 68.3 million shares shorted with days to cover at 1.01.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could drop -171.67% from current levels. The projected low price target is $2.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is 50.92% off the targeted high while a plunge would see the stock lose 75.46% from current levels.
Rigetti Computing Inc (RGTI) estimates and forecasts
The company’s shares have gained 1001.05% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 29.71%.
6 analysts offering their estimates for the company have set an average revenue estimate of 2.55M for the current quarter. 6 have an estimated revenue figure of 2.99M for the next ending quarter. Year-ago sales stood 3.05M and 3.09M respectively for this quarter and the next, and analysts expect sales will shrink by -16.43% for the current quarter and 29.71% for the next.
Earnings growth for 2025 is a modest 51.13% while over the next 5 years, the company’s earnings are expected to increase by 29.11%.
RGTI Dividends
Rigetti Computing Inc is expected to release its next earnings report on 2025-Mar-04 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 1.08% of the company shares, while shares held by institutions stand at 24.01% with a share float percentage of 24.27%. Investors are also buoyed by the number of investors in a company, with Rigetti Computing Inc having a total of 278.0 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 12.5549% 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 5.1824% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Dec 31, 2024 , the former fund manager holds about 2.78% shares in the company for having 7.96 shares of worth $64.86 million while later fund manager owns 4.07 shares of worth $33.15 million as of Feb 28, 2025 , which makes it owner of about 1.42% of company’s outstanding stock.
