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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $15.26 in the last session, down -10.24% from day before closing price of $17.00. In other words, the price has decreased by -$10.24 from its previous closing price. On the day, 140.95 million shares were traded. RGTI stock price reached its highest trading level at $18.0 during the session, while it also had its lowest trading level at $15.02.
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, Craig Hallum on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On July 25, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and 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.Alliance Global Partners initiated its Buy rating on March 01, 2024, with a $3.50 target price.
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 27 ’24 when Danis Richard bought 250,000 shares for $15.44 per share.
Danis Richard bought 250,000 shares of RGTI for $2,837,500 on Dec 26 ’24. On Dec 23 ’24, another insider, Danis Richard, who serves as the Former Officer of the company, bought 233,423 shares for $9.37 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 4273547776 and an Enterprise Value of 2864344064. For the stock, the TTM Price-to-Sale (P/S) ratio is 279.14 while its Price-to-Book (P/B) ratio in mrq is 23.85. Its current Enterprise Value per Revenue stands at 240.863 whereas that against EBITDA is -46.939.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $19.35, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 235.86%, while the 200-Day Moving Average is calculated to be 692.75%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 73.72M shares per day over the past 3-months and 204392910 shares per day over the past 10 days. A total of 242.30M shares are outstanding, with a floating share count of 215.18M. Insiders hold about 11.19% of the company’s shares, while institutions hold 29.25% stake in the company. Shares short for RGTI as of 1734048000 were 36308183 with a Short Ratio of 0.49, compared to 1731628800 on 26132461. Therefore, it implies a Short% of Shares Outstanding of 36308183 and a Short% of Float of 14.180000000000001.
