In the last trading session, 35.78 million Rigetti Computing Inc (NASDAQ:RGTI) shares changed hands as the company’s beta touched 1.43. With the company’s per share price at $7.50 changed hands at -$0.65 or -7.98% during last session, the market valuation stood at $2.14B. RGTI’s last price was a discount, traded about -185.6% 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 91.2% up since then. When we look at Rigetti Computing Inc’s average trading volume, we note the 10-day average is 35.74 million shares, with the 3-month average coming to 103.39 million.
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 (NASDAQ:RGTI) trade information
Instantly RGTI was in red as seen at the end of in last trading. With action -7.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -50.85%, with the 5-day performance at -7.98% in the red. However, in the 30-day time frame, Rigetti Computing Inc (NASDAQ:RGTI) is -11.87% down. Looking at the short shares, we see there were 68.3 million shares sold at short interest cover period of 1.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -150.0% 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 46.67% surge from its current level, while the stock would need to tank 73.33% for it to hit the projected low.
The 2025 estimates are for Rigetti Computing Inc earnings to increase by 51.13%, but the outlook for the next 5-year period is at 29.11% per year.
RGTI Dividends
Rigetti Computing Inc is expected to release its next quarterly earnings report on 2025-Mar-04.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.08% of Rigetti Computing Inc shares while 24.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.33%. There are 24.06% institutions holding the Rigetti Computing Inc stock share, with DEER MANAGEMENT CO. LLC the top institutional holder. As of 2024-06-30, the company held 12.5549% of the shares, roughly 21.58 million RGTI shares worth $23.09 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.1824% or 8.91 million shares worth $9.53 million as of 2024-06-30.
