Rigetti Computing Inc (NASDAQ:RGTI) currently has a daily average trading volume of 4.29M but it saw 12444407 shares traded in last market. With a market cap of 273.48M USD, the company’s current market price of $1.43 came rising about 19.17 while comparing to the previous closing price of $1.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.36 and as low as $0.66. In the recent trading on the day, stock has struck highest price mark of $1.21 while lowest mark touched by it was $1.47.
Its current price level is -39.41% below from 52-week high level whereas it is 116.67% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.21% during that period while stretching the period over a month that increases to 13.92%. 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 65.67 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 B. Riley Securities which initiated the stock as “Buy” in its note to investors issued on July 25, 2024, recommending a price target of $3 for it. The Benchmark Company issued its recommendations for the stock as it upgraded the price target for the stock is $4.
Over the week, RGTI’s stock price is moving 8.33% up while it is 86.71% when we observe its performance for the past one month. Year-to-date it is 45.19% up and over the past year, the stock is showing an upside performance of 37.50%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.17 beaten by the consensus estimate of -0.12 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.09 while estimate for next year EPS is -0.39. In next quarter, company is expected to be making quarterly sales of $3.69M as analysts are expecting the sales for current fiscal year at $13.18M and seeing the company making $24.72M in sales next year. Moreover, analysts are in estimates of $3.33M for current-quarter revenue.
Currently, Rigetti Computing Inc’s total number of outstanding shares is 191.24M. Company’s return on investment (ROI) stands at -51.90% and return on equity (ROE) at -56.53%. Stock’s beta reads 2.09. Stock has a price to book (P/B) ratio of 2.10 while price to sale or P/S ratio amounts to 21.67. Its return on asset (ROA) is -41.20% on average.
