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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $1.49 in the last session, down -1.97% from day before closing price of $1.52. In other words, the price has decreased by -$1.97 from its previous closing price. On the day, 11.36 million shares were traded. RGTI stock price reached its highest trading level at $1.5 during the session, while it also had its lowest trading level at $1.25.
Ratios:
We take a closer look at RGTI’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 11 ’24 when Bessemer Venture Partners X L. sold 1,286,114 shares for $1.52 per share. The transaction valued at 1,954,893 led to the insider holds 19,582,218 shares of the business.
Bessemer Venture Partners X L. sold 713,886 shares of RGTI for $1,085,107 on Nov 08 ’24. The 10% Owner now owns 20,868,332 shares after completing the transaction at $1.52 per share. On Nov 07 ’24, another insider, Bessemer Venture Partners X L., who serves as the 10% Owner of the company, bought 1,113,210 shares for $1.43 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 284952096 and an Enterprise Value of 208571808. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.58 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 16.528 whereas that against EBITDA is -3.465.
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 51.85%, while the 200-Day Moving Average is calculated to be 27.72%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 4.84M shares per day over the past 3-months and 10013620 shares per day over the past 10 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 23.12% stake in the company. Shares short for RGTI as of 1728950400 were 27451138 with a Short Ratio of 5.30, compared to 1726185600 on 27978062. Therefore, it implies a Short% of Shares Outstanding of 27451138 and a Short% of Float of 16.409999.
