Currently, there are 192.30M common shares owned by the public and among those 158.46M shares have been available to trade.
The company’s stock has a 5-day price change of 23.40% and 83.95% over the past three months. RGTI shares are trading 76.67% year to date (YTD), with the 12-month market performance up to 65.71% higher. It has a 12-month low price of $0.66 and touched a high of $2.36 over the same period. RGTI has an average intraday trading volume of 6.85 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 23.58%, 59.30%, and 47.84% respectively.
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Institutional ownership of Rigetti Computing Inc (NASDAQ: RGTI) shares accounts for 23.82% of the company’s 192.30M shares outstanding.
It has a market capitalization of $393.37M and a beta (3y monthly) value of 2.15. The earnings-per-share (ttm) stands at -$0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.83% over the week and 16.04% over the month.
Earnings per share for the fiscal year are expected to increase by 31.13%, and 19.88% over the next financial year.
Looking at the support for the RGTI, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on July 25, 2024, with the firm’s price target at $3. Alliance Global Partners coverage for the Rigetti Computing Inc (RGTI) stock in a research note released on March 01, 2024 offered a Buy rating with a price target of $3.50. Deutsche Bank on their part issued Hold rating on November 10, 2022.
