Rigetti Computing Inc (NASDAQ:RGTI) currently has a daily average trading volume of 20.59M but it saw 51321412 shares traded in last market. With a market cap of 753.54M USD, the company’s current market price of $3.11 came falling about -0.96 while comparing to the previous closing price of $3.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.66 and as low as $0.66. In the recent trading on the day, stock has struck highest price mark of $2.9501 while lowest mark touched by it was $3.29.
Its current price level is -15.03% below from 52-week high level whereas it is 371.21% 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 19.25% during that period while stretching the period over a month that decreases to 18.96%. 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 73.59 which implies that the stock is in overbought 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 41.36% up while it is 175.22% when we observe its performance for the past one month. Year-to-date it is 215.77% up and over the past year, the stock is showing an upside performance of 168.10%.
Currently, Rigetti Computing Inc’s total number of outstanding shares is 242.30M. Company’s return on investment (ROI) stands at -45.93% and return on equity (ROE) at -51.46%. Stock’s beta reads 2.73. Stock has a price to book (P/B) ratio of 4.86 while price to sale or P/S ratio amounts to 63.38. Its return on asset (ROA) is -37.59% on average.
