Currently, there are 286.97M common shares owned by the public and among those 273.37M shares have been available to trade.
The company’s stock has a 5-day price change of 17.76% and 57.14% over the past three months. RGTI shares are trading -7.01% year to date (YTD), with the 12-month market performance up to 1226.17% higher. It has a 12-month low price of $0.66 and touched a high of $21.42 over the same period. RGTI has an average intraday trading volume of 51.66 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 28.67%, 45.71%, and 115.14% respectively.
Institutional ownership of Rigetti Computing Inc (NASDAQ: RGTI) shares accounts for 31.21% of the company’s 286.97M shares outstanding.
It has a market capitalization of $4.12B and a beta (3y monthly) value of 1.56. The earnings-per-share (ttm) stands at -$0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.52% over the week and 9.28% over the month.
Analysts forecast that Rigetti Computing Inc (RGTI) will achieve an EPS of -0.04 for the current quarter, -0.04 for the next quarter and -0.14 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.05 while analysts give the company a high EPS estimate of -0.05. Comparatively, EPS for the current quarter was -0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 49.30%, and -4.50% over the next financial year.
Looking at the support for the RGTI, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on December 20, 2024, with the firm’s price target at $12. B. Riley Securities coverage for the Rigetti Computing Inc (RGTI) stock in a research note released on July 25, 2024 offered a Buy rating with a price target of $3. Alliance Global Partners was of a view on March 01, 2024 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on August 11, 2023, issuing a price target of $4. The Benchmark Company on their part issued Hold rating on November 10, 2022.
