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After finishing at $11.47 in the prior trading day, Rigetti Computing Inc (NASDAQ: RGTI) closed at $10.75, down -6.28%. In other words, the price has decreased by -$6.28 from its previous closing price. On the day, 84.53 million shares were traded.
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 4.84 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:
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 Feb 20 ’25 when Danis Richard bought 20,609 shares for $11.47 per share.
Danis Richard bought 100,000 shares of RGTI for $1,839,000 on Jan 08 ’25. On Jan 06 ’25, another insider, Danis Richard, who serves as the Former Officer of the company, bought 102,852 shares for $19.02 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 219.06 while its Price-to-Book (P/B) ratio in mrq is 16.80.
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 -9.95%, while the 200-Day Moving Average is calculated to be 179.39%.
Shares Statistics:
A total of 242.30M shares are outstanding, with a floating share count of 230.44M. Insiders hold about 4.89% of the company’s shares, while institutions hold 28.34% stake in the company.
