Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $9.78 for the day, up 0.93% from the previous closing price of $9.69. In other words, the price has increased by $0.93 from its previous closing price. On the day, 16.59 million shares were traded.
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 17.42 and its Current Ratio is at 17.42. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, Craig Hallum on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On July 25, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and 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.Alliance Global Partners initiated its Buy rating on March 01, 2024, with a $3.50 target price.
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 Mar 14 ’25 when Rivas David bought 275,000 shares for $8.75 per share.
Rivas David sold 275,000 shares of RGTI for $2,508,632 on Mar 14 ’25. The CHIEF TECHNOLOGY OFFICER now owns 819,738 shares after completing the transaction at $9.12 per share. On Mar 11 ’25, another insider, McCarthy Cathy L, who serves as the Director of the company, sold 150,000 shares for $8.00 each. As a result, the insider received 1,200,240 and left with 234,234 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 260.25 while its Price-to-Book (P/B) ratio in mrq is 21.92.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $21.42, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 10.04%, while the 200-Day Moving Average is calculated to be 67.37%.
Shares Statistics:
A total of 283.55M shares are outstanding, with a floating share count of 273.84M. Insiders hold about 4.58% of the company’s shares, while institutions hold 25.89% stake in the company.
