Rigetti Computing Inc (NASDAQ: RGTI) is -26.34% 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 $11.32 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $11.24, the stock is -7.17% and 9.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 60.13 million and changing -0.71% at the moment leaves the stock 57.11% off its SMA200. RGTI registered 970.48% gain for a year compared to 6-month gain of 253.46%. The firm has a 50-day simple moving average (SMA 50) of $10.2479 and a 200-day simple moving average (SMA200) of $7.15404.
The stock witnessed a 6.24% loss in the last 1 month and extending the period to 3 months gives it a 39.63%, and is -6.64% 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 4.96% over the week and 8.49% over the month.
Rigetti Computing Inc (RGTI) has around 140 employees, a market worth around $3.29B and $9.21M in sales. Profit margin for the company is -1493.98%. Distance from 52-week low is 1603.03% and -47.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.49%).
The EPS is expected to grow by 49.30% this year.
Rigetti Computing Inc (RGTI) Top Institutional Holders
382.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 31.53% of the company’s shares. The shares outstanding are 286.97M, and float is at 275.37M with Short Float at 19.78%. Institutions hold 30.86% 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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Still, SEC filings show that on Jun 09 ’25, Clifton Michael S. (Director) Proposed Sale 50,000 shares at an average price of $11.32 for $0.57 million. The insider now directly holds shares of Rigetti Computing Inc (RGTI).
