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.
After finishing at $1.17 in the prior trading day, Rigetti Computing Inc (NASDAQ: RGTI) closed at $1.10, down -5.98%. In other words, the price has decreased by -$5.98 from its previous closing price. On the day, 3.65 million shares were traded. RGTI stock price reached its highest trading level at $1.155 during the session, while it also had its lowest trading level at $1.06.
Ratios:
Our goal is to gain a better understanding of RGTI by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 173999088 and an Enterprise Value of 105405128. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.49 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 8.778 whereas that against EBITDA is -1.65.
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 -30.03%, while the 200-Day Moving Average is calculated to be -26.01%.
Shares Statistics:
The stock has traded on average 7.31M shares per day over the past 3-months and 4419200 shares per day over the last 10 days, according to various share statistics. A total of 147.07M shares are outstanding, with a floating share count of 110.24M. Insiders hold about 30.31% of the company’s shares, while institutions hold 17.89% stake in the company. Shares short for RGTI as of 1711584000 were 16794315 with a Short Ratio of 2.30, compared to 1709164800 on 13534420. Therefore, it implies a Short% of Shares Outstanding of 16794315 and a Short% of Float of 12.41.
Earnings Estimates
The current rating of Rigetti Computing Inc (RGTI) reflects the combined expertise of Rigetti Computing, Inc. analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $1.45, with high estimates of $10.02 and low estimates of $10.04.
