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.
In the latest session, Rigetti Computing Inc (NASDAQ: RGTI) closed at $13.08 up 5.06% from its previous closing price of $12.45. In other words, the price has increased by $5.06 from its previous closing price. On the day, 102.58 million shares were traded. RGTI stock price reached its highest trading level at $13.5 during the session, while it also had its lowest trading level at $12.1.
Ratios:
For a deeper understanding of Rigetti Computing Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 08 ’25 when Danis Richard bought 100,000 shares for $18.39 per share.
Danis Richard bought 102,852 shares of RGTI for $1,956,245 on Jan 06 ’25. On Dec 27 ’24, another insider, Danis Richard, who serves as the Former Officer of the company, bought 250,000 shares for $15.44 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 3663040768 and an Enterprise Value of 2445139200. For the stock, the TTM Price-to-Sale (P/S) ratio is 266.55 while its Price-to-Book (P/B) ratio in mrq is 20.44. Its current Enterprise Value per Revenue stands at 205.612 whereas that against EBITDA is -40.069.
Stock Price History:
The Beta on a monthly basis for RGTI is 1.27, which has changed by 9.040322 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. 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 52.91%, while the 200-Day Moving Average is calculated to be 349.47%.
Shares Statistics:
For the past three months, RGTI has traded an average of 130.76M shares per day and 221868030 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 29.62% stake in the company. Shares short for RGTI as of 1736899200 were 47122709 with a Short Ratio of 0.36, compared to 1734048000 on 36308183. Therefore, it implies a Short% of Shares Outstanding of 47122709 and a Short% of Float of 18.4.
