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The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $0.81 for the day, up 4.13% from the previous closing price of $0.78. In other words, the price has increased by $4.13 from its previous closing price. On the day, 4.47 million shares were traded. RGTI stock price reached its highest trading level at $0.8465 during the session, while it also had its lowest trading level at $0.75.
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 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 154945088 and an Enterprise Value of 78564480. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.28 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 6.226 whereas that against EBITDA is -1.305.
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 -7.96%, while the 200-Day Moving Average is calculated to be -30.15%.
Shares Statistics:
RGTI traded an average of 4.82M shares per day over the past three months and 3077750 shares per day over the past ten days. A total of 191.24M shares are outstanding, with a floating share count of 155.14M. Insiders hold about 18.88% of the company’s shares, while institutions hold 23.51% stake in the company. Shares short for RGTI as of 1726185600 were 27978062 with a Short Ratio of 5.80, compared to 1723680000 on 28916621. Therefore, it implies a Short% of Shares Outstanding of 27978062 and a Short% of Float of 16.72.
