Rigetti Computing Inc (NASDAQ:RGTI) shares, rose in value on Wednesday, April 16, with the stock price down by -4.29% to the previous day’s close as strong demand from buyers drove the stock to $8.25.
Actively observing the price movement in the last trading, the stock closed the session at $8.62, falling within a range of $7.98 and $8.42. The value of beta (5-year monthly) was 1.422. Referring to stock’s 52-week performance, its high was $21.42, and the low was $0.66. On the whole, RGTI has fluctuated by -19.59% over the past month.
With the market capitalization of Rigetti Computing Inc currently standing at about $2.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14M, with a low estimate of 2.46M and a high estimate of 2.75M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RGTI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of RGTI currently trading nearly -4.64% and -13.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.28, while the 7-day volatility ratio is showing 8.37% which for the 30-day chart, stands at 11.38%. Furthermore, Rigetti Computing Inc (RGTI)’s beta value is 1.40, and its average true range (ATR) is 1.06.
A comparison of Rigetti Computing Inc (RGTI) with its peers suggests the former has fared considerably weaker in the market. RGTI showed an intraday change of -4.29% in last session, and over the past year, it grew by 663.89%%.
Data on historical trading for Rigetti Computing Inc (NASDAQ:RGTI) indicates that the trading volumes over the past 10 days have averaged 33.64 and over the past 3 months, they’ve averaged 79.79 million. According to company’s latest data on outstanding shares, there are 283.55 million shares outstanding.
Nearly 4.58% of Rigetti Computing Inc’s shares belong to company insiders and institutional investors own 24.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68.26 million shares as on 2025-03-31, resulting in a short ratio of 1.17. According to the data, the short interest in Rigetti Computing Inc (RGTI) stood at 2606.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 61.02 million. The stock has fallen by -45.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RGTI stock heading into the next quarter.
