The closing price of Rigetti Computing Inc (NASDAQ: RGTI) was $1.34 for the day, down -3.60% from the previous closing price of $1.39. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 4249818 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 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:
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 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 211.96M and an Enterprise Value of 142.60M. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.65 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 11.88 whereas that against EBITDA is -2.30.
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 1.5658, while the 200-Day Moving Average is calculated to be 1.4809.
Shares Statistics:
RGTI traded an average of 7.00M shares per day over the past three months and 5.78M shares per day over the past ten days. A total of 147.07M shares are outstanding, with a floating share count of 106.47M. Insiders hold about 32.69% of the company’s shares, while institutions hold 17.89% stake in the company. Shares short for RGTI as of Mar 15, 2024 were 13.55M with a Short Ratio of 1.93, compared to 12.59M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.57% and a Short% of Float of 10.01%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.12, while EPS last year was -$0.19. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.08 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.31 and -$0.47 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is -$0.32, with 4 analysts recommending between -$0.2 and -$0.4.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $3.7M to a low estimate of $3M. As of the current estimate, Rigetti Computing Inc’s year-ago sales were $4.85M, an estimated decrease of -33.20% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for RGTI’s current fiscal year. The highest revenue estimate was $18.3M, while the lowest revenue estimate was $14.08M, resulting in an average revenue estimate of $16.1M. In the same quarter a year ago, actual revenue was $12.01M, up 34.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $30.87M in the next fiscal year. The high estimate is $44.6M and the low estimate is $20.88M. The average revenue growth estimate for next year is up 91.70% from the average revenue estimate for this year.
