In last trading session, Rigetti Computing Inc (NASDAQ:RGTI) saw 132.37 million shares changing hands with its beta currently measuring 1.39. Company’s recent per share price level of $11.64 trading at $1.78 or 17.99% at ring of the bell on the day assigns it a market valuation of $3.38B. That closing price of RGTI’s stock is at a discount of -84.02% from its 52-week high price of $21.42 and is indicating a premium of 94.33% 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 58.34 million shares which gives us an average trading volume of 48.41 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.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Upright in the green during last session for gaining 17.99%, in the last five days RGTI remained trading in the green while hitting it’s week-highest on Wednesday, 05/14/25 when the stock touched $11.64 price level, adding 6.05% to its value on the day. Rigetti Computing Inc’s shares saw a change of -23.72% in year-to-date performance and have moved 25.84% in past 5-day. Rigetti Computing Inc (NASDAQ:RGTI) showed a performance of 31.38% in past 30-days. Number of shares sold short was 65.98 million shares which calculate 2.27 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 -288.0% to its current value. 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 82.82% in reaching the projected high whereas dropping to the targeted low would mean a gain of 82.82% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 54.78% while estimates for its earnings growth in next 5 years are of 20.99%.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Insiders are in possession of 2.17% of company’s total shares while institution are holding 25.58 percent of that, with stock having share float percentage of 26.15%. Investors also watch the number of corporate investors in a company very closely, which is 25.58% 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 $92.63 million or 2.77% of the total outstanding shares. The later fund manager was in possession of 4.96 shares on Mar 31, 2025 , making its stake of worth around $57.69 million in the company or a holder of 1.73% of company’s stock.
