Rigetti Computing Inc [NASDAQ: RGTI] loss -5.79% or -0.7 points to close at $11.40 with a heavy trading volume of 45044433 shares.
The daily chart for RGTI points out that the company has recorded 75.65% gains over the past six months.
If we look at the average trading volume of 52.01M shares, RGTI reached to a volume of 45044433 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $14.50 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 1.14. 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.
Craig Hallum have made an estimate for Rigetti Computing Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on July 25, 2024, representing the official price target for Rigetti Computing Inc stock. Previously, the target price had yet another raise to $3.50, while Alliance Global Partners analysts kept a Buy rating on RGTI stock.
The Average True Range (ATR) for Rigetti Computing Inc is set at 1.19, with the Price to Sales ratio for RGTI stock in the period of the last 12 months amounting to 361.98. The Price to Book ratio for the last quarter was 15.79, with the Price to Cash per share for the same quarter was set at 0.72.
Trading performance analysis for RGTI stock
Rigetti Computing Inc [RGTI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.06. With this latest performance, RGTI shares dropped by -2.06% in over the last four-week period, additionally plugging by 75.65% over the last 6 months – not to mention a rise of 985.71% in the past year of trading.
#####
Rigetti Computing Inc [RGTI]: A deeper dive into fundamental analysis
Rigetti Computing Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.82 and a Current Ratio set at 18.82.
Rigetti Computing Inc [RGTI]: An earnings per share (EPS) analysis
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rigetti Computing Inc go to 19.08%.
An analysis of Institutional ownership at Rigetti Computing Inc [RGTI]
The top three institutional holders of RGTI stocks are: DEER MANAGEMENT CO. LLC with ownership of 21.58 million shares, which is approximately 12.5549%. 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 4.9093%.
