Rigetti Computing Inc (NASDAQ: RGTI) is 48.24% higher on its value in year-to-date trading and has touched a low of $0.66 and a high of $2.36 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 $1.50 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.46, the stock is 46.50% and 63.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.35 million and changing -2.67% at the moment leaves the stock 26.70% off its SMA200. RGTI registered 30.36% gain for a year compared to 6-month loss of 14.06%. The firm has a 50-day simple moving average (SMA 50) of $0.89364 and a 200-day simple moving average (SMA200) of $1.152315.
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The stock witnessed a 86.44% gain in the last 1 month and extending the period to 3 months gives it a 41.75%, and is 18.70% up 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 17.73% over the week and 11.55% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $279.21M and $12.62M in sales. Profit margin for the company is -538.72%. Distance from 52-week low is 121.21% and -38.14% 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
121.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 35.94% of the company’s shares. The shares outstanding are 191.24M, and float is at 155.14M with Short Float at 17.69%. Institutions hold 34.72% of the Float.
The top institutional shareholder in the company is DEER MANAGEMENT CO. LLC with over 21.58 million shares valued at $23.09 million. The investor’s holdings represent 14.2124% of the RGTI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.91 million shares valued at $9.53 million to account for 5.8665 of the shares outstanding. The other top investors are AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC which holds 8.44 million shares representing 5.5574% and valued at over $9.03 million, while VANGUARD GROUP INC holds 3.8728 of the shares totaling 5.88 million with a market value of $6.29 million.
Rigetti Computing Inc (RGTI) Insider Activity
The most recent transaction is an insider sale by Sandford Helene Gail, the company’s Director. SEC filings show that Sandford Helene Gail sold 43,200 shares of the company’s common stock on Sep 17 ’24 at a price of $0.82 per share for a total of $35424.0. Following the sale, the insider now owns 0.26 million shares.
Rigetti Computing Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Sandford Helene Gail (Director) sold a total of 23,162 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $0.75 per share for $17372.0. Following the transaction, the insider now directly holds 0.3 million shares of the RGTI stock.
Still, SEC filings show that on Sep 11 ’24, Sandford Helene Gail (Director) Proposed Sale 23,162 shares at an average price of $0.73 for $16991.0. The insider now directly holds shares of Rigetti Computing Inc (RGTI).