In recent trading session, Rigetti Computing Inc (NASDAQ:RGTI) saw 10.16 million shares changing hands at last check today with its beta currently measuring 1.42. Company’s recent per share price level of $8.13 trading at -$0.36 or -4.24% at last check today assigns it a market valuation of $2.32B. That most recent trading price of RGTI’s stock is at a discount of -163.47% from its 52-week high price of $21.42 and is indicating a premium of 91.88% 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 41.52 million shares which gives us an average trading volume of 105.57 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 -0.04 in the current quarter.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Upright in the red during last session for losing -4.24%, in the last five days RGTI remained trading in the red while hitting it’s week-highest on Wednesday, 04/02/25 when the stock touched $8.13 price level, adding 8.86% to its value on the day. Rigetti Computing Inc’s shares saw a change of -46.72% in year-to-date performance and have moved -4.01% in past 5-day. Rigetti Computing Inc (NASDAQ:RGTI) showed a performance of -0.61% in past 30-days. Number of shares sold short was 68.3 million shares which calculate 1.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a fall of -171.0% 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 4. It follows that stock’s current price would jump 75.4% in reaching the projected high whereas dropping to the targeted low would mean a gain of 75.4% for stock’s current value.
Rigetti Computing Inc (RGTI) estimates and forecasts
This year revenue growth is estimated to rise 29.71% 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 2.55M for the same. And 6 analysts are in estimates of company making revenue of 2.99M in the next quarter. Company posted 3.05M and 3.09M of sales in current and next quarters respectively a year earlier. In 2025, company’s earnings growth rate is likely to be around 51.13% while estimates for its earnings growth in next 5 years are of 29.11%.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Insiders are in possession of 1.08% of company’s total shares while institution are holding 24.04 percent of that, with stock having share float percentage of 24.31%. Investors also watch the number of corporate investors in a company very closely, which is 24.04% 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 12.5549 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 5.1824 of outstanding shares, having a total worth of $9.53 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024, the former fund manager was holding 7.96 shares of worth $64.26 million or 2.78% of the total outstanding shares. The later fund manager was in possession of 4.07 shares on Feb 28, 2025, making its stake of worth around $32.84 million in the company or a holder of 1.42% of company’s stock.
