Rigetti Computing Inc (NASDAQ: RGTI): Retirees Don’t Worry About Volatility

Rigetti Computing Inc (NASDAQ:RGTI) currently has a daily average trading volume of 5.39M but it saw 1731658 shares traded in last market. With a market cap of 180.52M USD, the company’s current market price of $1.05 remained unchanged while comparing to the previous closing price of $1.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.43 and as low as $0.87.

Taking a look at 20-day trading activity of Rigetti Computing Inc (RGTI) gives us an average price of $1.1170, while its current price level is -69.39% below from 52-week high level whereas it is 20.68% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2198 while that of 200 days or SMA-200 reads an average of $1.3379. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.56% during that period while stretching the period over a month that increases to 8.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.10 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Alliance Global Partners which initiated the stock as “Buy” in its note to investors issued on March 01, 2024, recommending a price target of $3.50 for it. The Benchmark Company upgraded its recommendation for the stock as a “Buy” from “Hold” on August 11, 2023 while assigning a price target of $4.

Year-to-date it is 6.61% up and over the past year, the stock is showing a downside performance of -4.55%.

Currently, Rigetti Computing Inc’s total number of outstanding shares is 147.07M. Company’s return on investment (ROI) stands at -56.68% and return on equity (ROE) at -59.19%. Stock’s beta reads 2.34. Stock has a price to book (P/B) ratio of 1.50 while price to sale or P/S ratio amounts to 14.04. Its return on asset (ROA) is -42.16% on average.