Rigetti Computing Inc (NASDAQ: RGTI) is -47.25% 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 $7.91 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $8.05, the stock is -16.61% and -32.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 46.48 million and changing 1.77% at the moment leaves the stock 87.80% off its SMA200. RGTI registered 287.02% gain for a year compared to 6-month gain of 968.21%.
The stock witnessed a -37.35% loss in the last 1 month and extending the period to 3 months gives it a 153.14%, and is 2.42% 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 16.06% over the week and 12.94% over the month.
Rigetti Computing Inc (RGTI) has around 140 employees, a market worth around $2.30B and $10.79M in sales. Profit margin for the company is -1862.72%. Distance from 52-week low is 1119.70% and -62.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-150.86%).
with sales reaching $2.54M over the same period.The EPS is expected to grow by 51.13% this year, but quarterly earnings will post 25.62% year-over-year. Quarterly sales are estimated to shrink -16.76% in year-over-year returns.
Rigetti Computing Inc (RGTI) Top Institutional Holders
The shares outstanding are 283.55M, and float is at 271.88M with Short Float at 21.29%.
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 12.5549% 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 4.9093% 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 Mar 11 ’25, Rivas David (CHIEF TECHNOLOGY OFFICER) disposed off 351,785 shares at an average price of $7.76 for $2.73 million. The insider now directly holds 1,094,738 shares of Rigetti Computing Inc (RGTI).
