As of close of business last night, Rigetti Computing Inc’s stock clocked out at $1.18, down -5.60% from its previous closing price of $1.25. On the day, 3426444 shares were traded.
Ratios:
To gain a deeper understanding of RGTI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.71 and its Current Ratio is at 3.71. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.15.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Danis Richard sold 46,326 shares for $1.97 per share. The transaction valued at 91,262 led to the insider holds 1,052,141 shares of the business.
Rivas David sold 9,273 shares of RGTI for $18,268 on Mar 18 ’24. The CHIEF TECHNOLOGY OFFICER now owns 880,440 shares after completing the transaction at $1.97 per share. On Mar 01 ’24, another insider, Fitzgerald Alissa, who serves as the Director of the company, sold 34,747 shares for $1.93 each. As a result, the insider received 67,062 and left with 140,810 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 15.54 while its Price-to-Book (P/B) ratio in mrq is 1.58.
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.
Shares Statistics:
A total of 147.07M shares are outstanding, with a floating share count of 110.18M. Insiders hold about 30.34% of the company’s shares, while institutions hold 17.89% stake in the company.
Earnings Estimates
As of right now, Rigetti Computing, Inc. analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $1.60, with high estimates of $0.00 and low estimates of $10.05.
Analysts are recommending an EPS of between $Financial Services and $Healthcare for the fiscal current year, implying an average EPS of $Healthcare.
