Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $9.86 for the day, down -14.59% from the previous closing price of $11.55. In other words, the price has decreased by -$14.59 from its previous closing price. On the day, 73.58 million shares were traded.
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 18.82 and its Current Ratio is at 18.82. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 Mar 14 ’25 when Rivas David bought 275,000 shares for $8.75 per share.
Rivas David sold 275,000 shares of RGTI for $2,508,632 on Mar 14 ’25. The CHIEF TECHNOLOGY OFFICER now owns 819,738 shares after completing the transaction at $9.12 per share. On Mar 11 ’25, another insider, McCarthy Cathy L, who serves as the Director of the company, sold 150,000 shares for $8.00 each. As a result, the insider received 1,200,240 and left with 234,234 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 307.39 while its Price-to-Book (P/B) ratio in mrq is 13.67.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $21.42, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 8.73%, while the 200-Day Moving Average is calculated to be 62.32%.
Shares Statistics:
A total of 286.97M shares are outstanding, with a floating share count of 270.30M. Insiders hold about 5.81% of the company’s shares, while institutions hold 24.80% stake in the company.
