This trade activity should not be overlooked: Rigetti Computing Inc (RGTI)

With 6.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.86 million shares. The 52-week range on RGTI shows that it touched its highest point at $3.43 and its lowest point at $0.36 during that stretch. It currently has a 1-year price target of $3.17. Beta for the stock currently stands at 2.44.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RGTI was down-trending over the past week, with a drop of -16.46%, but this was down by -26.34% over a month. Three-month performance surged to 39.10% while six-month performance rose 3.01%. The stock gained 128.33% in the past year, while it has gained 39.10% so far this year. A look at the trailing 12-month EPS for RGTI yields -0.57 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.09. This implies an EPS growth rate of 31.56% for this year and 23.44% for next year.

Float and Shares Shorts:

At present, 147.07 million RGTI shares are outstanding with a float of 106.47 million shares on hand for trading. On Mar 15, 2024, short shares totaled 13.55 million, which was 8.57% higher than short shares on Feb 15, 2024. In addition to Dr. Subodh K. Kulkarni Ph.D. as the firm’s CEO, President & Director, Mr. Richard Danis serves as its General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 38.40% of RGTI’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RGTI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, RGTI has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and RGTI currently yields $0.00. In the past year, RGTI’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, RGTI has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.