Rigetti Computing Inc (NASDAQ: RGTI) is 37.07% 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 $1.36 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.35, the stock is -19.17% and -14.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing -0.74% at the moment leaves the stock -8.96% off its SMA200. RGTI registered 123.47% gain for a year compared to 6-month gain of -3.57%. The firm has a 50-day simple moving average (SMA 50) of $12.01 and a 200-day simple moving average (SMA200) of -$2.33.
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The stock witnessed a -31.82% loss in the last 1 month and extending the period to 3 months gives it a 18.42%, and is -1.46% 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 7.69% over the week and 10.33% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $213.54M and $12.01M in sales. Profit margin for the company is -625.42%. Distance from 52-week low is 274.90% and -60.64% 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 -$0.11 with sales reaching $3.24M over the same period.The EPS is expected to grow by 31.56% this year, but quarterly earnings will post 34.10% year-over-year. Quarterly sales are estimated to shrink -33.20% 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 40.48% of the company’s shares. The shares outstanding are 147.07M, and float is at 106.47M with Short Float at 12.73%. Institutions hold 38.40% 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 Danis Richard,the company’sGENERAL COUNSEL & CORP. SEC. SEC filings show that Danis Richard sold 46,326 shares of the company’s common stock on Mar 18 ’24 at a price of $1.97 per share for a total of $91262.0. Following the sale, the insider now owns 1.05 million shares.
Rigetti Computing Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Rivas David (CHIEF TECHNOLOGY OFFICER) sold a total of 9,273 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $1.97 per share for $18268.0. Following the transaction, the insider now directly holds 0.88 million shares of the RGTI stock.
Still, SEC filings show that on Mar 01 ’24, Fitzgerald Alissa (Director) disposed off 34,747 shares at an average price of $1.93 for $67062.0. The insider now directly holds 140,810 shares of Rigetti Computing Inc (RGTI).
