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The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $11.13 for the day, up 32.03% from the previous closing price of $8.43. In other words, the price has increased by $32.03 from its previous closing price. On the day, 216.9 million shares were traded. RGTI stock price reached its highest trading level at $11.2 during the session, while it also had its lowest trading level at $8.41.
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 4.84 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:
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 Dec 10 ’24 when Clifton Michael S. sold 125,000 shares for $6.00 per share. The transaction valued at 750,000 led to the insider holds 938,864 shares of the business.
Danis Richard bought 250,000 shares of RGTI for $1,117,500 on Dec 10 ’24. On Dec 10 ’24, another insider, Clifton Michael S., who serves as the Director of the company, bought 125,000 shares for $4.47 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 3116945408 and an Enterprise Value of 2070162304. For the stock, the TTM Price-to-Sale (P/S) ratio is 226.81 while its Price-to-Book (P/B) ratio in mrq is 17.39. Its current Enterprise Value per Revenue stands at 174.08 whereas that against EBITDA is -33.924.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $9.85, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 362.55%, while the 200-Day Moving Average is calculated to be 673.36%.
Shares Statistics:
RGTI traded an average of 43.28M shares per day over the past three months and 156212390 shares per day over the past ten days. A total of 242.30M shares are outstanding, with a floating share count of 203.34M. Insiders hold about 16.08% 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 0.81, compared to 1730332800 on 25667349. Therefore, it implies a Short% of Shares Outstanding of 34849936 and a Short% of Float of 13.61.
