Rigetti Computing Inc (NASDAQ: RGTI) is 57.38% 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 $1.70 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $1.55, the stock is 15.59% and 52.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.65 million and changing -8.82% at the moment leaves the stock 32.42% off its SMA200. RGTI registered 30.25% gain for a year compared to 6-month loss of 34.78%. The firm has a 50-day simple moving average (SMA 50) of $0.99852 and a 200-day simple moving average (SMA200) of $1.16895.
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The stock witnessed a 68.48% gain in the last 1 month and extending the period to 3 months gives it a 72.57%, and is 8.39% 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 21.01% over the week and 16.62% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $298.06M and $11.89M in sales. Profit margin for the company is -509.58%. Distance from 52-week low is 134.85% and -34.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.93%).
The EPS is expected to grow by 31.13% this year
123.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 37.77% of the company’s shares. The shares outstanding are 191.24M, and float is at 155.14M with Short Float at 16.54%. Institutions hold 36.49% 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
Still, SEC filings show that on Nov 14 ’24, Bessemer Venture Partners X In (10% Owner) Proposed Sale 1,045,011 shares at an average price of $1.55 for $1.62 million. The insider now directly holds shares of Rigetti Computing Inc (RGTI).
