Rigetti Computing Inc (NASDAQ:RGTI) price on Thursday, May 09,rose 2.40% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.28.
A look at the stock’s price movement, the close in the last trading session was $1.25. Turning to its 52-week performance, $3.43 and $0.40 were the 52-week high and 52-week low respectively. Overall, RGTI moved 1.59% over the past month.
Rigetti Computing Inc’s market cap currently stands at around $219.69 million.
Analysts have a consensus estimate of 3.24M for the company’s revenue for the quarter, with a low and high estimate of 3M and 3.7M respectively. The average forecast suggests down to a -33.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 16.1M, representing a 34.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RGTI is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
RGTI’s current price about 3.85% and -15.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.23, while 7-day volatility ratio is 7.44% and 9.81% in the 30-day chart. Further, Rigetti Computing Inc (RGTI) has a beta value of 2.44, and an average true range (ATR) of 0.13.
If we refocus on Rigetti Computing Inc (NASDAQ:RGTI), historical trading data shows that trading volumes averaged 7.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 147.07 million shares.
The 30.31% of Rigetti Computing Inc’s shares are in the hands of company insiders while institutional holders own 16.45% of the company’s shares. Current price change has pushed the stock 29.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RGTI stock continues to rise going into the next quarter.
