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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $1.46 in the last session, down -2.67% from day before closing price of $1.50. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 18.35 million shares were traded. RGTI stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.4.
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 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 287850688 and an Enterprise Value of 202834496. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.12 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 16.074 whereas that against EBITDA is -3.369.
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 63.38%, while the 200-Day Moving Average is calculated to be 26.70%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 4.07M shares per day over the past 3-months and 10470620 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 23.37% stake in the company. Shares short for RGTI as of 1728950400 were 27451138 with a Short Ratio of 6.74, compared to 1726185600 on 27978062. Therefore, it implies a Short% of Shares Outstanding of 27451138 and a Short% of Float of 16.409999.
