Rigetti Computing Inc [NASDAQ: RGTI] price surged by 27719902 percent to reach at $48339988.65.
A sum of 27719902 shares traded at recent session while its average daily volume was at 48.34M shares. Rigetti Computing Inc shares reached a high of $11.58 and dropped to a low of $11.01 until finishing in the latest session at $48340000.0.
The one-year RGTI stock forecast points to a potential downside of -333379210.34. The average equity rating for RGTI stock is currently 1.14, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 Price to Book ratio for the last quarter was 15.32, with the Price to Cash per share for the same quarter was set at 0.72.
RGTI Stock Performance Analysis:
Rigetti Computing Inc [RGTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.60. With this latest performance, RGTI shares dropped by -7.21% in over the last four-week period, additionally plugging by 31.20% over the last 6 months – not to mention a drop of -27.52% in the past year of trading.
Insight into Rigetti Computing Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Rigetti Computing Inc [RGTI] shares currently have an operating margin of -798.66% and a Gross Margin at -15.18%. Rigetti Computing Inc’s Net Margin is presently recorded at -1493.98%.
Return on Equity for this stock declined to -63.81%, with Return on Assets sitting at -63.81%.
RGTI Stock EPS
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%.
Rigetti Computing Inc [RGTI] Institutonal Ownership Details
There are presently around $28.09%, or 28.64%% 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 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%.
