With 57.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 157.24 million shares. 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 $14.60. Beta for the stock currently stands at 1.33.
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 -14.16%, but this was down by -31.59% over a month. Three-month performance surged to 568.89% while six-month performance rose 895.81%. The stock gained 464.37% in the past year, while it has lost -40.83% so far this year. A look at the trailing 12-month EPS for RGTI yields -0.38 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.07. This implies an EPS growth rate of 32.99% for this year and 28.72% for next year.
Float and Shares Shorts:
At present, 242.30 million RGTI shares are outstanding with a float of 230.47 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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.
