Value Hunters: Look To Rigetti Computing Inc (RGTI)

Currently, there are 147.07M common shares owned by the public and among those 106.47M shares have been available to trade.

The company’s stock has a 5-day price change of -10.43% and 43.14% over the past three months. RGTI shares are trading 48.24% year to date (YTD), with the 12-month market performance up to 165.45% higher. It has a 12-month low price of $0.36 and touched a high of $3.43 over the same period. RGTI has an average intraday trading volume of 6.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.99%, -4.71%, and -1.07% respectively.

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Institutional ownership of Rigetti Computing Inc (NASDAQ: RGTI) shares accounts for 17.99% of the company’s 147.07M shares outstanding.

It has a market capitalization of $230.94M and a beta (3y monthly) value of 2.43. The earnings-per-share (ttm) stands at -$0.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.06% over the week and 12.61% over the month.

Analysts forecast that Rigetti Computing Inc (RGTI) will achieve an EPS of -$0.11 for the current quarter, -$0.11 for the next quarter and -$0.32 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 31.56%, and 23.44% over the next financial year.

Looking at the support for the RGTI, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on March 01, 2024, with the firm’s price target at $3.50. The Benchmark Company coverage for the Rigetti Computing Inc (RGTI) stock in a research note released on August 11, 2023 offered a Buy rating with a price target of $4. The Benchmark Company was of a view on November 10, 2022 that the stock is Hold, while Deutsche Bank gave the stock Hold rating on November 10, 2022, issuing a price target of $10- $2. Deutsche Bank on their part issued Buy rating on August 09, 2022.

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