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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $6.49 in the last session, up 45.19% from day before closing price of $4.47. In other words, the price has increased by $45.19 from its previous closing price. On the day, 237.17 million shares were traded. RGTI stock price reached its highest trading level at $6.89 during the session, while it also had its lowest trading level at $4.28.
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 4.84 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, 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 Dec 10 ’24 when Danis Richard bought 250,000 shares for $4.47 per share.
Clifton Michael S. bought 125,000 shares of RGTI for $558,750 on Dec 10 ’24. On Dec 09 ’24, another insider, Clifton Michael S., who serves as the Director of the company, sold 125,000 shares for $5.03 each. As a result, the insider received 628,750 and left with 1,063,864 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 1817517952 and an Enterprise Value of 1177909760. For the stock, the TTM Price-to-Sale (P/S) ratio is 132.25 while its Price-to-Book (P/B) ratio in mrq is 10.14. Its current Enterprise Value per Revenue stands at 99.051 whereas that against EBITDA is -19.303.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $5.09, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 285.96%, while the 200-Day Moving Average is calculated to be 404.99%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 26.74M shares per day over the past 3-months and 120276670 shares per day over the past 10 days. A total of 242.30M shares are outstanding, with a floating share count of 203.06M. Insiders hold about 16.19% of the company’s shares, while institutions hold 18.93% stake in the company. Shares short for RGTI as of 1732838400 were 34849936 with a Short Ratio of 0.98, compared to 1730332800 on 25667349. Therefore, it implies a Short% of Shares Outstanding of 34849936 and a Short% of Float of 13.61.
