Rigetti Computing Inc (NASDAQ:RGTI) traded at $7.81 at close of the session on Tuesday, April 01 and made a downward move of -1.39% on its previous day’s price.
Looking at the stock we see that its previous close was $7.92 and the beta (5Y monthly) reads 1.37 with the day’s price range being $7.51 – $8.1268. In terms of its 52-week price range, RGTI has a high of $21.42 and a low of $0.66. The company’s stock has gained about 1.43% over that past 30 days.
Rigetti Computing Inc has a market cap of $2.23 billion and is expected to release its quarterly earnings report on 2025-Mar-04.
On the other hand, looking at the outlook for the RGTI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Rigetti Computing Inc (RGTI) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -13.91% off its SMA20 and -26.35% from its 50-day simple moving average. The RSI (14) is pointing at 39.84 while the volatility over the past week is 9.42% and jumps to 12.42% over the past one month. The beta value is 1.42, while the average true range (ATR) is currently pointing at 1.08. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $2 and a high of $4. These price ends are 74.39% and 48.78% off the current price level respectively, although investors could be excited at the prospect of a 61.59% if the RGTI share price touches on the median price of $3.
Coming back to Rigetti Computing Inc (NASDAQ:RGTI), we note that the average 3-month trading volume was 109.21 million, while that of the preceding 10-day period stands at 42.05 million. Current shares outstanding are 283.55 million.
The insiders hold 4.67% of the company’s shares while institutions hold 24.01%. The data shows that short shares as of 2025-03-14, stood at 68.3 million at a short ratio of 1.01. This represents a 2608.00 short interest in shares outstanding on 2025-03-14. Shares short rose in March from the previous month at 57.89 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -48.82% down in year-to-date price movement.
