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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $0.87 for the day, down -3.14% from the previous closing price of $0.90. In other words, the price has decreased by -$3.14 from its previous closing price. On the day, 3.26 million shares were traded. RGTI stock price reached its highest trading level at $0.9163 during the session, while it also had its lowest trading level at $0.86.
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 Aug 14 ’24 when Rivas David bought 39,638 shares for $0.90 per share.
Danis Richard bought 6,332 shares of RGTI for $5,677 on Aug 14 ’24. On Aug 14 ’24, another insider, Danis Richard, who serves as the GENERAL COUNSEL & CORP. SEC. of the company, sold 6,332 shares for $0.87 each. As a result, the insider received 5,509 and left with 1,042,005 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 171774544 and an Enterprise Value of 90000840. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.18 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 7.132 whereas that against EBITDA is -1.495.
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 $0.75. The 50-Day Moving Average of the stock is -12.05%, while the 200-Day Moving Average is calculated to be -27.16%.
Shares Statistics:
RGTI traded an average of 5.14M shares per day over the past three months and 3404340 shares per day over the past ten days. A total of 191.24M shares are outstanding, with a floating share count of 151.27M. Insiders hold about 20.90% of the company’s shares, while institutions hold 23.52% stake in the company. Shares short for RGTI as of 1722384000 were 26881544 with a Short Ratio of 5.23, compared to 1719532800 on 20509909. Therefore, it implies a Short% of Shares Outstanding of 26881544 and a Short% of Float of 17.27.
