The price of Rigetti Computing Inc (NASDAQ: RGTI) closed at $1.83 in the last session, down -1.61% from day before closing price of $1.86. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 6955704 shares were traded.
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 5.06 and its Current Ratio is at 5.06. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.18.
Deutsche Bank Downgraded its Buy to Hold on November 10, 2022, whereas the target price for the stock was revised from $10 to $2.
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 Feb 20 when Fitzgerald Alissa sold 10,000 shares for $1.83 per share. The transaction valued at 18,300 led to the insider holds 140,810 shares of the business.
Fitzgerald Alissa sold 10,000 shares of RGTI for $15,000 on Feb 12. The Director now owns 140,810 shares after completing the transaction at $1.50 per share. On Feb 01, another insider, Fitzgerald Alissa, who serves as the Director of the company, sold 20,000 shares for $1.28 each. As a result, the insider received 25,600 and left with 140,810 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 268.36M and an Enterprise Value of 191.69M. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.27 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 13.05 whereas that against EBITDA is -2.71.
Stock Price History:
Over the past 52 weeks, RGTI has reached a high of $3.43, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is 1.1722, while the 200-Day Moving Average is calculated to be 1.3620.
Shares Statistics:
According to the various share statistics, RGTI traded on average about 4.36M shares per day over the past 3-months and 12.2M shares per day over the past 10 days. A total of 125.26M shares are outstanding, with a floating share count of 99.61M. Insiders hold about 32.08% of the company’s shares, while institutions hold 19.40% stake in the company. Shares short for RGTI as of Jan 31, 2024 were 10.85M with a Short Ratio of 2.49, compared to 8.86M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.40% and a Short% of Float of 8.77%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.13, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.13 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.36 and -$0.62 for the fiscal current year, implying an average EPS of -$0.53. EPS for the following year is -$0.45, with 3 analysts recommending between -$0.32 and -$0.53.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $3.25M. It ranges from a high estimate of $3.5M to a low estimate of $3M. As of the current estimate, Rigetti Computing Inc’s year-ago sales were $6.06M, an estimated decrease of -46.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $3.1M, a decrease of -36.10% over than the figure of -$46.40% in the same quarter last year. There is a high estimate of $3.2M for the next quarter, whereas the lowest estimate is $3M.
A total of 3 analysts have provided revenue estimates for RGTI’s current fiscal year. The highest revenue estimate was $12.1M, while the lowest revenue estimate was $11.6M, resulting in an average revenue estimate of $11.9M. In the same quarter a year ago, actual revenue was $13.1M, down -9.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $16.67M in the next fiscal year. The high estimate is $18M and the low estimate is $15M. The average revenue growth estimate for next year is up 40.10% from the average revenue estimate for this year.
