As of close of business last night, Rigetti Computing Inc’s stock clocked out at $1.69, down -9.14% from its previous closing price of $1.86. In other words, the price has decreased by -$0.1700 from its previous closing price. On the day, 9290238 shares were traded. RGTI stock price reached its highest trading level at $1.9800 during the session, while it also had its lowest trading level at $1.6600.
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 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.
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 Feb 28 when Fitzgerald Alissa sold 30,000 shares for $2.01 per share. The transaction valued at 60,300 led to the insider holds 140,810 shares of the business.
Fitzgerald Alissa sold 10,000 shares of RGTI for $18,300 on Feb 20. The Director now owns 140,810 shares after completing the transaction at $1.83 per share. On Feb 12, another insider, Fitzgerald Alissa, who serves as the Director of the company, sold 10,000 shares for $1.50 each. As a result, the insider received 15,000 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 272.03M and an Enterprise Value of 195.35M. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.87 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 13.30 whereas that against EBITDA is -2.76.
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 1.2406, while the 200-Day Moving Average is calculated to be 1.3901.
Shares Statistics:
It appears that RGTI traded 4.87M shares on average per day over the past three months and 10.25M shares per day over the past ten 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 Feb 15, 2024 were 12.59M with a Short Ratio of 2.59, compared to 9.46M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.59% and a Short% of Float of 10.17%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 2 analysts expect revenue to total $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.
