Rigetti Computing Inc (NASDAQ: RGTI) is -41.35% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $21.42 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 $6.05 in the last trading session, with the day’s gains setting it 2.9%.
Currently trading at $8.95, the stock is -29.03% and 36.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 348.74 million and changing 47.93% at the moment leaves the stock 271.08% off its SMA200. RGTI registered 736.45% gain for a year compared to 6-month gain of 652.10%. The firm has a 50-day simple moving average (SMA 50) of $6.4004 and a 200-day simple moving average (SMA200) of $2.37485.
The stock witnessed a 21.27% loss in the last 1 month and extending the period to 3 months gives it a 996.28%, and is -54.13% 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 32.58% over the week and 30.27% over the month.
Rigetti Computing Inc (RGTI) has around 134 employees, a market worth around $2.17B and $11.89M in sales. Profit margin for the company is -509.58%. Distance from 52-week low is 1256.06% and -58.22% 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 32.63% this year.
Rigetti Computing Inc (RGTI) Top Institutional Holders
129.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 34.00% of the company’s shares. The shares outstanding are 242.30M, and float is at 215.18M with Short Float at 20.83%. Institutions hold 33.66% 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
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Still, SEC filings show that on Dec 27 ’24, Danis Richard (Former Officer) Proposed Sale 250,000 shares at an average price of $15.44 for $3.86 million. The insider now directly holds shares of Rigetti Computing Inc (RGTI).
