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After finishing at $0.82 in the prior trading day, Rigetti Computing Inc (NASDAQ: RGTI) closed at $0.79, down -2.60%. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 3.68 million shares were traded. RGTI stock price reached its highest trading level at $0.8302 during the session, while it also had its lowest trading level at $0.7939.
Ratios:
Our goal is to gain a better understanding of RGTI by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 17 ’24 when Sandford Helene Gail sold 43,200 shares for $0.82 per share. The transaction valued at 35,424 led to the insider holds 257,752 shares of the business.
Sandford Helene Gail sold 23,162 shares of RGTI for $17,372 on Sep 11 ’24. The Director now owns 300,952 shares after completing the transaction at $0.75 per share. On Sep 11 ’24, another insider, Sandford Helene Gail, who serves as the Director of the company, bought 23,162 shares for $0.73 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 151827824 and an Enterprise Value of 75447208. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.03 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 5.979 whereas that against EBITDA is -1.253.
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 $0.66. The 50-Day Moving Average of the stock is -13.55%, while the 200-Day Moving Average is calculated to be -32.01%.
Shares Statistics:
The stock has traded on average 5.00M shares per day over the past 3-months and 3554650 shares per day over the last 10 days, according to various share statistics. A total of 191.24M shares are outstanding, with a floating share count of 155.14M. Insiders hold about 18.90% of the company’s shares, while institutions hold 23.51% stake in the company. Shares short for RGTI as of 1724976000 were 25904499 with a Short Ratio of 5.18, compared to 1722384000 on 26881544. Therefore, it implies a Short% of Shares Outstanding of 25904499 and a Short% of Float of 15.479999999999999.
