Rigetti Computing Inc (NASDAQ: RGTI) is -15.12% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RGTI stock was last observed hovering at around $0.87 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.84, the stock is -9.29% and -15.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing -3.91% at the moment leaves the stock -29.95% off its SMA200. RGTI registered -59.42% loss for a year compared to 6-month loss of -49.02%.
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The stock witnessed a -20.38% gain in the last 1 month and extending the period to 3 months gives it a -26.02%, and is -6.76% 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 6.60% over the week and 8.49% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $159.88M and $12.62M in sales. Profit margin for the company is -538.72%. Distance from 52-week low is 11.47% and -64.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.90%).
with sales reaching $3.33M over the same period.The EPS is expected to grow by 30.70% this year, but quarterly earnings will post 9.80% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.
Rigetti Computing Inc (RGTI) Top Institutional Holders
120.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 36.02% of the company’s shares. The shares outstanding are 191.24M, and float is at 151.27M with Short Float at 17.77%. Institutions hold 34.79% of the Float.
The top institutional shareholder in the company is DEER MANAGEMENT CO. LLC with over 21.58 million shares valued at $33.02 million. The investor’s holdings represent 16.353 of the RGTI Shares outstanding. As of 2024-03-31, the second largest holder is AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC with 8.44 million shares valued at $12.91 million to account for 6.3944 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.19 million shares representing 3.9289 and valued at over $7.93 million, while PENSERRA CAPITAL MANAGEMENT LLC holds 2.1991 of the shares totaling 2.9 million with a market value of $4.44 million.
Rigetti Computing Inc (RGTI) Insider Activity
Still, SEC filings show that on Aug 14 ’24, Danis Richard (GENERAL COUNSEL & CORP. SEC.) disposed off 6,332 shares at an average price of $0.87 for $5509.0. The insider now directly holds 1,042,005 shares of Rigetti Computing Inc (RGTI).
