Shares of quantum computing firm Rigetti Computing Inc (NASDAQ: RGTI) are trading lower in the midday session on May 28th. As of 12:16 PM GMT-4, RGTI stock is priced at 0.16, or 1.16%, for the day. This movement comes after a particularly volatile morning for the company’s shares.
Rigetti’s stock opened the day at $13.86, below its previous close of $14.19. The session has seen considerable price swings, with shares reaching an intraday high of $14.37 before dipping to a low of $13.80. The current price reflects a partial recovery from that intraday bottom, indicating some buying interest at lower levels despite the overall negative trend for the day so far.
The company’s market capitalization stands at 407.18Cr. Currently, Rigetti Computing does not have a reported Price-to-Earnings (P/E) ratio and does not offer a dividend yield. In terms of its yearly performance, RGTI’s current trading level is significantly above its 52-week low of $0.66, though it remains a distance from its 52-week high of $21.42.
Market participants are now closely monitoring Rigetti’s stock to see if it can pare further losses or build on the recent bounce from its session low as trading continues.
