Rigetti Computing Inc (NASDAQ:RGTI) price closed lower on Monday, April 15, dropping -8.47% below its previous close.
A look at the daily price movement shows that the last close reads $1.18. The company’s 5Y monthly beta was ticking 2.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.43 and 52-week low of $0.36. The stock subtracted -45.45% on its value in the past month.
Rigetti Computing Inc, which has a market valuation of $170.83 million, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RGTI a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that RGTI’s price is at present -28.84% off the SMA20 and -31.62% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.16, with weekly volatility standing at 9.49%. The indicator jumps to 9.44% when calculated based on the past 30 days. Rigetti Computing Inc (NASDAQ:RGTI)’s beta value is holding at 2.49, while the average true range (ATR) indicator is currently reading 0.15.
An analysis of the Rigetti Computing Inc (NASDAQ:RGTI) stock in terms of its daily trading volume indicates that the 3-month average is 7.13 million.
Current records show that the company has 147.07M in outstanding shares. The insiders’ percentage holdings are 30.34% of outstanding shares while the percentage share held by institutions stands at 17.89%. But the 9.66% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
