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The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $2.20 in the last session, down -20.00% from day before closing price of $2.75. In other words, the price has decreased by -$20.00 from its previous closing price. On the day, 125.69 million shares were traded. RGTI stock price reached its highest trading level at $2.68 during the session, while it also had its lowest trading level at $2.1.
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 Nov 26 ’24 when Bessemer Venture Partners X L. bought 8,606,459 shares for $2.50 per share.
Bessemer Venture Partners X In bought 8,079,192 shares of RGTI for $20,197,980 on Nov 26 ’24. On Nov 25 ’24, another insider, Clifton Michael S., who serves as the Director of the company, sold 125,000 shares for $3.00 each. As a result, the insider received 375,000 and left with 1,313,864 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 423051200 and an Enterprise Value of 352960768. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.58 while its Price-to-Book (P/B) ratio in mrq is 3.44. Its current Enterprise Value per Revenue stands at 29.681 whereas that against EBITDA is -5.784.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $3.37, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 89.98%, while the 200-Day Moving Average is calculated to be 85.11%.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 12.48M shares per day over the past 3-months and 52852090 shares per day over the past 10 days. A total of 192.30M shares are outstanding, with a floating share count of 158.46M. Insiders hold about 17.60% of the company’s shares, while institutions hold 23.82% stake in the company. Shares short for RGTI as of 1731628800 were 26132461 with a Short Ratio of 2.06, compared to 1728950400 on 27451138. Therefore, it implies a Short% of Shares Outstanding of 26132461 and a Short% of Float of 15.52.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Rigetti Computing Inc (RGTI) in the stock market.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.3 and -$0.3 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.24, with 1.0 analysts recommending between -$0.24 and -$0.24.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $2.52M. It ranges from a high estimate of $2.8M to a low estimate of $2.4M. As of the current estimate, Rigetti Computing Inc’s year-ago sales were $3.38MFor the next quarter, 5 analysts are estimating revenue of $2.93M. There is a high estimate of $4.12M for the next quarter, whereas the lowest estimate is $2.5M.
A total of 5 analysts have provided revenue estimates for RGTI’s current fiscal year. The highest revenue estimate was $11.32M, while the lowest revenue estimate was $10.9M, resulting in an average revenue estimate of $11.03M. In the same quarter a year ago, actual revenue was $12.01MBased on 5 analysts’ estimates, the company’s revenue will be $16.21M in the next fiscal year. The high estimate is $20.82M and the low estimate is $11.5M.
