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Rigetti Computing (NASDAQ:RGTI) Shares Down 3.2% - Should You Sell?
Rigetti Computing (NASDAQ:RGTI) shares fell 3.2% to $12.90, closing below both 50-day and 200-day moving averages, following mixed analyst ratings and an average price target of $31.70. Despite beating EPS estimates with -$0.03, the company’s revenue was down 17.9% year-over-year at $1.87 million, accompanied by negative margins and ROE. Recent insider selling by the CFO and CTO also raises concerns, while institutional investors show varied activity.