Rigetti Computing Inc [NASDAQ: RGTI] surged by $0.13 during the normal trading session on while it closed the day at $1.21.
Rigetti Computing Inc stock has also loss -10.37% of its value over the past 7 days. However, RGTI stock has inclined by 19.80% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.57% and gained 22.86% year-on date.
The market cap for RGTI stock reached $191.40 million, with 147.07 million shares outstanding and 110.18 million shares in the current float. Compared to the average trading volume of 7.09M shares, RGTI reached a trading volume of 7010458 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Rigetti Computing Inc [RGTI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RGTI shares is $3.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RGTI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for Rigetti Computing Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2024. The new note on the price target was released on August 11, 2023, representing the official price target for Rigetti Computing Inc stock. On November 10, 2022, analysts decreased their price target for RGTI shares from 10 to 2.
The Average True Range (ATR) for Rigetti Computing Inc is set at 0.16, with the Price to Sales ratio for RGTI stock in the period of the last 12 months amounting to 15.94. The Price to Book ratio for the last quarter was 1.62, with the Price to Cash per share for the same quarter was set at 0.63.
RGTI stock trade performance evaluation
Rigetti Computing Inc [RGTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.37. With this latest performance, RGTI shares dropped by -38.42% in over the last four-week period, additionally sinking by -13.57% over the last 6 months – not to mention a rise of 142.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RGTI stock in for the last two-week period is set at 37.88, with the RSI for the last a single of trading hit 35.32, and the three-weeks RSI is set at 41.30 for Rigetti Computing Inc [RGTI]. The present Moving Average for the last 50 days of trading for this stock 1.5734, while it was recorded at 1.1960 for the last single week of trading, and 1.4876 for the last 200 days.
Rigetti Computing Inc [RGTI]: An insightful look at the core fundamentals
Rigetti Computing Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.71 and a Current Ratio set at 3.71.
Rigetti Computing Inc [RGTI]: Institutional Ownership
The top three institutional holders of RGTI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RGTI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RGTI stock with ownership which is approximately 5.8386%.
