Rigetti Computing Inc (NASDAQ: RGTI) is -46.85% 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 $8.32 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $8.11, the stock is -5.36% and -13.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.03 million and changing -2.52% at the moment leaves the stock 50.38% off its SMA200. RGTI registered 587.29% gain for a year compared to 6-month gain of 781.52%. The firm has a 50-day simple moving average (SMA 50) of $9.3595 and a 200-day simple moving average (SMA200) of $5.393155.
The stock witnessed a -9.79% loss in the last 1 month and extending the period to 3 months gives it a -17.50%, and is -10.88% 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 6.41% over the week and 10.65% over the month.
Rigetti Computing Inc (RGTI) has around 140 employees, a market worth around $2.32B and $10.79M in sales. Profit margin for the company is -1862.72%. Distance from 52-week low is 1128.79% and -62.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-150.86%).
with sales reaching $2.55M over the same period.The EPS is expected to grow by 51.13% this year, but quarterly earnings will post 29.71% year-over-year. Quarterly sales are estimated to shrink -16.43% in year-over-year returns.
Rigetti Computing Inc (RGTI) Top Institutional Holders
298.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 24.38% of the company’s shares. The shares outstanding are 283.55M, and float is at 272.74M with Short Float at 25.03%. Institutions hold 24.13% 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 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 5.1824 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 3.4212 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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Rigetti Computing Inc disclosed in a document filed with the SEC on Mar 14 ’25 that Rivas David (CHIEF TECHNOLOGY OFFICER) sold a total of 275,000 shares of the company’s common stock. The trade occurred on Mar 14 ’25 and was made at $9.12 per share for $2.51 million. Following the transaction, the insider now directly holds 0.82 million shares of the RGTI stock.
Still, SEC filings show that on Mar 11 ’25, McCarthy Cathy L (Director) disposed off 150,000 shares at an average price of $8.00 for $1.2 million. The insider now directly holds 234,234 shares of Rigetti Computing Inc (RGTI).
