With 70.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 148.12 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $12.49 whereas the lowest price it dropped to was $11.0. The 52-week range on RGTI shows that it touched its highest point at $21.42 and its lowest point at $0.66 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 1.27.
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 -19.68%, but this was up by 23.40% over a month. Three-month performance surged to 670.63% while six-month performance rose 1294.58%. The stock gained 850.00% in the past year, while it has lost -27.79% so far this year. A look at the trailing 12-month EPS for RGTI yields -0.38 with Next year EPS estimates of -0.23. For the next quarter, that number is -0.07. This implies an EPS growth rate of 32.63% for this year and 28.04% for next year.
Float and Shares Shorts:
At present, 242.30 million RGTI shares are outstanding with a float of 214.80 million shares on hand for trading. On 2025-01-31, short shares totaled 56.82 million, which was 2029.0 higher than short shares on 1735603200. In addition to Dr. Subodh K. Kulkarni Ph.D. as the firm’s CEO, President & Director, Mr. David Rivas serves as its Chief Technology Officer.
Institutional Ownership:
Through their ownership of 0.35209 of RGTI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, RGTI reported revenue of $2378000.0 and operating income of -$17346000.0. The EBITDA in the recently reported quarter was -$14299000.0 and diluted EPS was -$0.08.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RGTI since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With RGTI analysts setting a high price target of 17.0 and a low target of 2.5, the average target price over the next 12 months is 11.0. Based on these targets, RGTI could surge 54.26% to reach the target high and fall by -77.31% to reach the target low. Reaching the average price target will result in a decline of -0.18% from current levels.
Analysts have provided yearly estimates in a range of -$0.27794 being high and -$0.34279 being low. For RGTI, this leads to a yearly average estimate of -$0.315. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.05.
