Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Rigetti Computing Inc’s stock clocked out at $18.39, down -5.74% from its previous closing price of $19.51. In other words, the price has decreased by -$5.74 from its previous closing price. On the day, 87.89 million shares were traded. RGTI stock price reached its highest trading level at $20.1 during the session, while it also had its lowest trading level at $17.55.
Ratios:
To gain a deeper understanding of RGTI’s stock, we examine its different ratios. 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 06 ’25 when Danis Richard bought 102,852 shares for $19.02 per share.
Danis Richard bought 250,000 shares of RGTI for $3,860,000 on Dec 27 ’24. On Dec 26 ’24, another insider, Danis Richard, who serves as the Former Officer of the company, bought 250,000 shares for $11.35 each.
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 5150100992 and an Enterprise Value of 3466230016. For the stock, the TTM Price-to-Sale (P/S) ratio is 374.75 while its Price-to-Book (P/B) ratio in mrq is 28.74. Its current Enterprise Value per Revenue stands at 291.476 whereas that against EBITDA is -56.802.
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 207.34%, while the 200-Day Moving Average is calculated to be 708.83%.
Shares Statistics:
It appears that RGTI traded 83.52M shares on average per day over the past three months and 184777060 shares per day over the past ten days. A total of 242.30M shares are outstanding, with a floating share count of 215.18M. Insiders hold about 11.19% of the company’s shares, while institutions hold 29.48% stake in the company. Shares short for RGTI as of 1734048000 were 36308183 with a Short Ratio of 0.43, compared to 1731628800 on 26132461. Therefore, it implies a Short% of Shares Outstanding of 36308183 and a Short% of Float of 14.180000000000001.
