Rigetti Computing Inc (NASDAQ: RGTI) is 1293.75% higher 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 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 $13.75 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $13.38, the stock is 12.89% and 16.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 37.1 million and changing -2.69% at the moment leaves the stock 64.16% off its SMA200. RGTI registered -12.32% loss for a year compared to 6-month loss of -33.10%. The firm has a 50-day simple moving average (SMA 50) of $11.4781 and a 200-day simple moving average (SMA200) of $8.150605.
The stock witnessed a 22.87% gain in the last 1 month and extending the period to 3 months gives it a 78.40%, and is 12.82% 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 8.59% over the week and 7.59% over the month.
Rigetti Computing Inc (RGTI) has around 140 employees, a market worth around $3.91B and $9.21M in sales. Profit margin for the company is -1493.98%. Distance from 52-week low is 1927.27% and -37.54% 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 45.74% this year.
Rigetti Computing Inc (RGTI) Top Institutional Holders
384.0 institutions hold shares in Rigetti Computing Inc (RGTI), with institutional investors hold 28.96% of the company’s shares. The shares outstanding are 286.97M, and float is at 275.83M with Short Float at 19.96%. Institutions hold 28.40% 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.
