Rigetti Computing Inc [NASDAQ: RGTI] plunged by -$0.02 during the normal trading session on while it closed the day at $0.82.
Rigetti Computing Inc stock has also gained 1.94% of its value over the past 7 days. However, RGTI stock has declined by -16.33% in the 3 months of the year. Over the past six months meanwhile, it has lost -53.14% and lost -16.74% year-on date.
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The market cap for RGTI stock reached $156.82 million, with 191.24 million shares outstanding and 155.10 million shares in the current float. Compared to the average trading volume of 5.03M shares, RGTI reached a trading volume of 3905537 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 $2.75 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.
B. Riley Securities have made an estimate for Rigetti Computing Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 25, 2024. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on March 01, 2024, representing the official price target for Rigetti Computing Inc stock. Previously, the target price had yet another raise to $4, while The Benchmark Company analysts kept a Buy rating on RGTI stock.
The Average True Range (ATR) for Rigetti Computing Inc is set at 0.07, with the Price to Sales ratio for RGTI stock in the period of the last 12 months amounting to 12.43. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 0.53.
RGTI stock trade performance evaluation
Rigetti Computing Inc [RGTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.94. With this latest performance, RGTI shares dropped by -5.75% in over the last four-week period, additionally sinking by -53.14% over the last 6 months – not to mention a drop of -53.93% 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 46.97, with the RSI for the last a single of trading hit 48.26, and the three-weeks RSI is set at 46.36 for Rigetti Computing Inc [RGTI]. The present Moving Average for the last 50 days of trading for this stock 0.9236, while it was recorded at 0.8310 for the last single week of trading, and 1.1695 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 4.29 and a Current Ratio set at 4.29.
Earnings per share (EPS) analysis for Rigetti Computing Inc [RGTI] stock
With the latest financial reports released by the company, Rigetti Computing Inc posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RGTI.
Rigetti Computing Inc [RGTI]: Institutional Ownership
There are presently around $34.88%, or 36.10%% of RGTI stock, in the hands of institutional investors. The top three institutional holders of RGTI stocks are: DEER MANAGEMENT CO. LLC with ownership of 21.58 million shares, which is approximately 14.2124%. BLACKROCK INC., holding 8.91 million shares of the stock with an approximate value of $$9.53 million in RGTI stocks shares; and BLACKROCK INC., currently with $$9.03 million in RGTI stock with ownership which is approximately 5.5574%.
