In the last trading session, 60.26 million Rigetti Computing Inc (NASDAQ:RGTI) shares changed hands as the company’s beta touched 1.50. With the company’s per share price at $12.05 changed hands at $0.2 or 1.69% during last session, the market valuation stood at $3.50B. RGTI’s last price was a discount, traded about -77.76% 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 94.52% up since then.
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 green as seen at the end of in last trading. With action 4.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.04%, with the 5-day performance at 4.33% in the green. However, in the 30-day time frame, Rigetti Computing Inc (NASDAQ:RGTI) is 44.83% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need a downside of -301.67% 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 66.8% surge from its current level, while the stock would need to tank 83.4% for it to hit the projected low.
Rigetti Computing Inc (RGTI) estimates and forecasts
The 2025 estimates are for Rigetti Computing Inc earnings to increase by 49.30%, but the outlook for the next 5-year period is at 19.08% per year.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
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.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 7.96 shares estimated at $95.9 million under it, the former controlled 2.74% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 1.71% of the shares, roughly 4.96 shares worth around $59.72 million.
