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The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $3.14 for the day, up 3.97% from the previous closing price of $3.02. In other words, the price has increased by $3.97 from its previous closing price. On the day, 77.72 million shares were traded. RGTI stock price reached its highest trading level at $3.25 during the session, while it also had its lowest trading level at $2.76.
Ratios:
Our analysis of RGTI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.84 and its Current Ratio is at 4.84. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $3.
On March 01, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $3.50.
The Benchmark Company Upgraded its Hold to Buy on August 11, 2023, while the target price for the stock was maintained at $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 26 ’24 when Bessemer Venture Partners X L. bought 8,606,459 shares for $2.50 per share.
Bessemer Venture Partners X In bought 8,079,192 shares of RGTI for $20,197,980 on Nov 26 ’24. On Nov 25 ’24, another insider, Clifton Michael S., who serves as the Director of the company, sold 125,000 shares for $3.00 each. As a result, the insider received 375,000 and left with 1,313,864 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RGTI now has a Market Capitalization of 879353856 and an Enterprise Value of 533718848. For the stock, the TTM Price-to-Sale (P/S) ratio is 63.99 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 44.88 whereas that against EBITDA is -8.746.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $3.66, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 136.74%, while the 200-Day Moving Average is calculated to be 157.80%.
Shares Statistics:
RGTI traded an average of 19.40M shares per day over the past three months and 88634180 shares per day over the past ten days. A total of 191.96M shares are outstanding, with a floating share count of 161.16M. Shares short for RGTI as of 1731628800 were 26132461 with a Short Ratio of 1.35, compared to 1728950400 on 27451138. Therefore, it implies a Short% of Shares Outstanding of 26132461 and a Short% of Float of 15.52.
