Rigetti Computing Inc (NASDAQ: RGTI) is 99.51% higher on its value in year-to-date trading and has touched a low of $0.36 and a high of $3.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RGTI stock was last observed hovering at around $1.98 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.97, the stock is 8.68% and 40.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.89 million and changing -0.76% at the moment leaves the stock 36.00% off its SMA200. RGTI registered 267.84% gain for a year compared to 6-month loss of 1.81%. The firm has a 50-day simple moving average (SMA 50) of $18.23 and a 200-day simple moving average (SMA200) of -$3.54.
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The stock witnessed a 51.15% gain in the last 1 month and extending the period to 3 months gives it a 100.04%, and is -0.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.59% over the week and 16.25% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $312.20M and $12.01M in sales. Profit margin for the company is -625.42%. Distance from 52-week low is 445.68% and -42.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.71%).
Rigetti Computing Inc quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $3.38M over the same period.The EPS is expected to grow by 30.85% this year, but quarterly earnings will post -8.30% year-over-year. Quarterly sales are estimated to shrink -44.30% in year-over-year returns.
Rigetti Computing Inc (RGTI) Top Institutional Holders
92 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 40.18% of the company’s shares. The shares outstanding are 147.07M, and float is at 107.92M with Short Float at 12.54%. Institutions hold 38.23% of the Float.
The top institutional shareholder in the company is Deer Management Co. LLC with over 21.58 million shares valued at $25.36 million. The investor’s holdings represent 16.23% of the RGTI Shares outstanding. As of Jun 29, 2023, the second largest holder is EDBI Pte Ltd. with 4.29 million shares valued at $5.04 million to account for 3.22% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 4.15 million shares representing 3.12% and valued at over $4.88 million, while Penserra Capital Management LLC holds 1.46% of the shares totaling 1.94 million with a market value of $2.28 million.
Rigetti Computing Inc (RGTI) Insider Activity
The most recent transaction is an insider sale by Fitzgerald Alissa,the company’sDirector. SEC filings show that Fitzgerald Alissa sold 34,747 shares of the company’s common stock on Mar 01 ’24 at a price of $1.93 per share for a total of $67062.0. Following the sale, the insider now owns 0.14 million shares.
Rigetti Computing Inc disclosed in a document filed with the SEC on Feb 28 ’24 that Fitzgerald Alissa (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $2.01 per share for $60300.0. Following the transaction, the insider now directly holds 0.14 million shares of the RGTI stock.
Still, SEC filings show that on Feb 20 ’24, Fitzgerald Alissa (Director) disposed off 10,000 shares at an average price of $1.83 for $18300.0. The insider now directly holds 140,810 shares of Rigetti Computing Inc (RGTI).
