Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $11.35 for the day, up 3.56% from the previous closing price of $10.96. In other words, the price has increased by $3.56 from its previous closing price. On the day, 108.36 million shares were traded. RGTI stock price reached its highest trading level at $12.2799 during the session, while it also had its lowest trading level at $10.34.
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, 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:
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 23 ’24 when Danis Richard bought 233,423 shares for $9.37 per share.
Clifton Michael S. sold 125,000 shares of RGTI for $750,000 on Dec 10 ’24. The Director now owns 938,864 shares after completing the transaction at $6.00 per share. On Dec 10 ’24, another insider, Danis Richard, who serves as the Former Officer of the company, bought 250,000 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 3178556160 and an Enterprise Value of 1731721728. For the stock, the TTM Price-to-Sale (P/S) ratio is 239.52 while its Price-to-Book (P/B) ratio in mrq is 17.74. Its current Enterprise Value per Revenue stands at 145.621 whereas that against EBITDA is -28.378.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $12.75, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 241.60%, while the 200-Day Moving Average is calculated to be 591.35%.
Shares Statistics:
RGTI traded an average of 60.62M shares per day over the past three months and 219875410 shares per day over the past ten 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 1732838400 were 34849936 with a Short Ratio of 0.60, compared to 1730332800 on 25667349. Therefore, it implies a Short% of Shares Outstanding of 34849936 and a Short% of Float of 13.61.
