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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $1.39 in the last session, down -0.71% from day before closing price of $1.40. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 4.09 million shares were traded. RGTI stock price reached its highest trading level at $1.45 during the session, while it also had its lowest trading level at $1.32.
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 3.71 and its Current Ratio is at 3.71. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.15.
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, Alliance Global Partners on March 01, 2024, initiated with a Buy rating and assigned the stock a target price of $3.50.
On August 11, 2023, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $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 Mar 18 ’24 when Danis Richard sold 46,326 shares for $1.97 per share. The transaction valued at 91,262 led to the insider holds 1,052,141 shares of the business.
Rivas David sold 9,273 shares of RGTI for $18,268 on Mar 18 ’24. The CHIEF TECHNOLOGY OFFICER now owns 880,440 shares after completing the transaction at $1.97 per share. On Mar 01 ’24, another insider, Fitzgerald Alissa, who serves as the Director of the company, sold 34,747 shares for $1.93 each. As a result, the insider received 67,062 and left with 140,810 shares of the company.
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 240283744 and an Enterprise Value of 151480624. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.86 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 12.615 whereas that against EBITDA is -2.371.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $3.43, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -9.57%, while the 200-Day Moving Average is calculated to be -4.69%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 7.26M shares per day over the past 3-months and 3731150 shares per day over the past 10 days. A total of 147.07M shares are outstanding, with a floating share count of 119.61M. Insiders hold about 30.31% of the company’s shares, while institutions hold 16.56% stake in the company. Shares short for RGTI as of 1713139200 were 15309501 with a Short Ratio of 2.11, compared to 1710460800 on 13549937. Therefore, it implies a Short% of Shares Outstanding of 15309501 and a Short% of Float of 11.310001.
