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The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $0.92 for the day, up 4.05% from the previous closing price of $0.88. In other words, the price has increased by $4.05 from its previous closing price. On the day, 1.84 million shares were traded. RGTI stock price reached its highest trading level at $0.9169 during the session, while it also had its lowest trading level at $0.8622.
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 4.29 and its Current Ratio is at 4.29. In the meantime, Its Debt-to-Equity ratio is 0.20 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 Aug 14 ’24 when Rivas David bought 39,638 shares for $0.90 per share.
Danis Richard bought 6,332 shares of RGTI for $5,677 on Aug 14 ’24. On Aug 14 ’24, another insider, Danis Richard, who serves as the GENERAL COUNSEL & CORP. SEC. of the company, sold 6,332 shares for $0.87 each. As a result, the insider received 5,509 and left with 1,042,005 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 175255088 and an Enterprise Value of 98874536. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.89 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 7.835 whereas that against EBITDA is -1.642.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $2.36, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is -5.26%, while the 200-Day Moving Average is calculated to be -22.80%.
Shares Statistics:
RGTI traded an average of 4.96M shares per day over the past three months and 2567480 shares per day over the past ten days. A total of 191.24M shares are outstanding, with a floating share count of 151.27M. Insiders hold about 20.90% of the company’s shares, while institutions hold 23.52% stake in the company. Shares short for RGTI as of 1723680000 were 28916621 with a Short Ratio of 5.83, compared to 1721001600 on 27444503. Therefore, it implies a Short% of Shares Outstanding of 28916621 and a Short% of Float of 17.28.
