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The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $1.28 for the day, up 7.56% from the previous closing price of $1.19. In other words, the price has increased by $7.56 from its previous closing price. On the day, 7.31 million shares were traded. RGTI stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.13.
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 4.42 and its Current Ratio is at 4.42. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.11.
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, Alliance Global Partners on March 01, 2024, initiated with a Buy rating and assigned the stock a target price of $3.50.
On August 11, 2023, The Benchmark Company Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $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 Jul 15 ’24 when Fitzgerald Alissa sold 20,000 shares for $1.09 per share. The transaction valued at 21,800 led to the insider holds 193,667 shares of the business.
Fitzgerald Alissa sold 20,000 shares of RGTI for $19,000 on Jun 24 ’24. The Director now owns 213,667 shares after completing the transaction at $0.95 per share. On Jun 18 ’24, another insider, Fitzgerald Alissa, who serves as the Director of the company, sold 50,000 shares for $1.00 each. As a result, the insider received 50,000 and left with 90,810 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 220056320 and an Enterprise Value of 144706704. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.11 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 11.253 whereas that against EBITDA is -2.422.
Stock Price History:
The Beta on a monthly basis for RGTI is 2.34, which has changed by -0.37864077 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, RGTI has reached a high of $3.43, while it has fallen to a 52-week low of $0.88. The 50-Day Moving Average of the stock is 18.09%, while the 200-Day Moving Average is calculated to be 3.62%.
Shares Statistics:
RGTI traded an average of 4.93M shares per day over the past three months and 9133340 shares per day over the past ten days. A total of 147.07M shares are outstanding, with a floating share count of 135.90M. Insiders hold about 20.95% of the company’s shares, while institutions hold 19.37% stake in the company. Shares short for RGTI as of 1719532800 were 20509909 with a Short Ratio of 4.16, compared to 1717113600 on 20755806. Therefore, it implies a Short% of Shares Outstanding of 20509909 and a Short% of Float of 13.859999.
