Rigetti Computing Inc (RGTI) concluded trading on Wednesday at a closing price of $0.92, with 8.3 million shares of worth about $7.63 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.03% during that period and on October 16, 2024 the price saw a gain of about 13.51%. Currently the company’s common shares owned by public are about 191.24M shares, out of which, 155.14M shares are available for trading.
Stock saw a price change of 20.12% in past 5 days and over the past one month there was a price change of 9.47%. Year-to-date (YTD), RGTI shares are showing a performance of -6.59% which decreased to -34.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.66 but also hit the highest price of $2.36 during that period. The average intraday trading volume for Rigetti Computing Inc shares is 3.37 million. The stock is currently trading 16.68% above its 20-day simple moving average (SMA20), while that difference is up 11.75% for SMA50 and it goes to -19.57% lower than SMA200.
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Rigetti Computing Inc (NASDAQ: RGTI) currently have 191.24M outstanding shares and institutions hold larger chunk of about 23.42% of that.
The stock has a current market capitalization of $175.94M and its 3Y-monthly beta is at 2.28. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 4.29 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RGTI, volatility over the week remained 9.67% while standing at 7.30% over the month.
Stock’s fiscal year EPS is expected to rise by 30.70% while it is estimated to increase by 24.07% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on July 25, 2024 offering a Buy rating for the stock and assigned a target price of $3 to it. Coverage by Alliance Global Partners stated Rigetti Computing Inc (RGTI) stock as a Buy in their note to investors on March 01, 2024, suggesting a price target of $3.50 for the stock. Stock get a Hold rating from Deutsche Bank on November 10, 2022.
