Rigetti Computing Inc (NASDAQ: RGTI) Stock Has Gained 52.14% Over The Month – Is There Room For Growth?

Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares stood at 163.91 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $13.86, to imply an increase of 26.46% or $2.9 in intraday trading. The RGTI share’s 52-week high remains $21.42, putting it -54.55% down since that peak but still an impressive 95.24% since price per share fell to its 52-week low of $0.66.

Analysts have given a consensus recommendation of Buy for Rigetti Computing Inc (RGTI), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RGTI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy.

Rigetti Computing Inc (NASDAQ:RGTI) trade information

After registering a 26.46% upside in the last session, Rigetti Computing Inc (RGTI) has traded red over the past five days. The 5-day price performance for the stock is 20.10%, and 52.14% over 30 days. With these gigs, the year-to-date price performance is -9.17%.

The extremes give us $2 and $4 for target low and target high price respectively. As such, RGTI has been trading 71.14% off suggested target high and 85.57% from its likely low.

RGTI Dividends

Rigetti Computing Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is BLACKROCK INC. with 8.91 million shares, or about 5.1824% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.53 million.