Rigetti Computing Inc (NASDAQ:RGTI) traded at $1.34 at close of the session on Monday, April 29, made an upward move of 5.51% on its previous day’s price.
Looking at the stock we see that its previous close was $1.27. In terms of its 52-week price range, RGTI has a high of $3.43 and a low of $0.36. The company’s stock has lost about -12.42% over that past 30 days.
Rigetti Computing Inc has a market cap of $211.96 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.38 for 2024 and -$0.32 for next year. These figures represent 33.30% and 15.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.24 million, with a low of $3 million and a high of $3.7 million. The median projection represents growth adding up to -33.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $16.1 million, or 34.10% up from figures reported last year.
On the other hand, looking at the outlook for the RGTI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is 7.16% off its SMA20 and -14.28% from its 50-day simple moving average. The RSI (14) is pointing at 50.83 while the volatility over the past week is 9.47% and jumps to 9.90% over the past one month. The beta value is 2.47, while the average true range (ATR) is currently pointing at 0.14.
Coming back to Rigetti Computing Inc (NASDAQ:RGTI), we note that the average 3-month trading volume was 7.46 million. Current shares outstanding are 147.07 million.
The insiders hold 30.31% of the company’s shares while institutions hold 17.92%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 36.05% up in year-to-date price movement.
