Rigetti Computing Inc (NASDAQ:RGTI) currently has a daily average trading volume of 5.25M but it saw 32647970 shares traded in last market. With a market cap of 298.06M USD, the company’s current market price of $1.55 came falling about -8.82 while comparing to the previous closing price of $1.70. 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 $1.53 while lowest mark touched by it was $1.85.
Its current price level is -34.32% below from 52-week high level whereas it is 134.85% 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 21.01% during that period while stretching the period over a month that decreases to 16.62%. 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 63.49 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 8.39% up while it is 68.48% when we observe its performance for the past one month. Year-to-date it is 57.38% up and over the past year, the stock is showing an upside performance of 30.25%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.04 beat the consensus estimate of -0.06 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.07 while estimate for next year EPS is -0.3. In next quarter, company is expected to be making quarterly sales of $2.93M as analysts are expecting the sales for current fiscal year at $11.03M and seeing the company making $16.21M in sales next year. Moreover, analysts are in estimates of $2.52M 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 -45.93% and return on equity (ROE) at -51.46%. Stock’s beta reads 2.22. Stock has a price to book (P/B) ratio of 2.42 while price to sale or P/S ratio amounts to 25.07. Its return on asset (ROA) is -37.59% on average.
