During the last session, Rigetti Computing Inc (NASDAQ:RGTI)’s traded shares were 47.21 million, with the beta value of the company hitting 1.61. At the end of the trading day, the stock’s price was $13.15, reflecting an intraday loss of -7.13% or -$1.01. The 52-week high for the RGTI share is $21.42, that puts it down -62.89 from that peak though still a striking 94.98% gain since the share price plummeted to a 52-week low of $0.66. The company’s market capitalization is $3.82B, and the average intraday trading volume over the past 10 days was 79.14 million shares, and the average trade volume was 51.79 million shares over the past three months.
Rigetti Computing Inc (RGTI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RGTI has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
Rigetti Computing Inc (NASDAQ:RGTI) trade information
Rigetti Computing Inc (RGTI) registered a -7.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -7.13% in intraday trading to $13.15, hitting a weekly high. The stock’s 5-day price performance is 19.98%, and it has moved by 48.42% in 30 days. Based on these gigs, the overall price performance for the year is 1128.97%. The short interest in Rigetti Computing Inc (NASDAQ:RGTI) is 54.48 million shares and it means that shorts have 1.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -338.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $4 respectively. As a result, RGTI is trading at a premium of 69.58% off the target high and 84.79% off the low.
RGTI Dividends
Rigetti Computing Inc is due to release its next quarterly earnings on 2025-May-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Rigetti Computing Inc (NASDAQ:RGTI)’s Major holders
Rigetti Computing Inc insiders own 2.15% of total outstanding shares while institutional holders control 30.96%, with the float percentage being 31.64%. DEER MANAGEMENT CO. LLC is the largest shareholder of the company, while 377.0 institutions own stock in it. As of 2024-06-30, the company held over 21.58 million shares (or 12.5549% of all shares), a total value of $23.09 million in shares.
The next largest institutional holding, with 8.91 million shares, is of BLACKROCK INC.’s that is approximately 5.1824% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.53 million.
Also, the Mutual Funds coming in first place with the largest holdings of Rigetti Computing Inc (RGTI) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 8.45 shares. This amounts to just over 2.91 percent of the company’s overall shares, with a $111.1 million market value. The same data shows that the other fund manager holds slightly less at 5.0, or about 1.72% of the stock, which is worth about $65.74 million.
