Rigetti Computing Inc (RGTI)’s Market Momentum: Closing Strong at 1.02, Down -2.86

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As of close of business last night, Rigetti Computing Inc’s stock clocked out at $1.02, down -2.86% from its previous closing price of $1.05. In other words, the price has decreased by -$2.86 from its previous closing price. On the day, 2.04 million shares were traded. RGTI stock price reached its highest trading level at $1.0699 during the session, while it also had its lowest trading level at $1.0.


To gain a deeper understanding of RGTI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.42 and its Current Ratio is at 4.42. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.11.

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 May 14 ’24 when Rivas David sold 4,433 shares for $1.34 per share. The transaction valued at 5,940 led to the insider holds 1,376,007 shares of the business.

Danis Richard sold 3,804 shares of RGTI for $5,097 on May 14 ’24. The GENERAL COUNSEL & CORP. SEC. now owns 1,048,337 shares after completing the transaction at $1.34 per share. On Mar 18 ’24, another insider, Danis Richard, who serves as the GENERAL COUNSEL & CORP. SEC. of the company, sold 46,326 shares for $1.97 each. As a result, the insider received 91,262 and left with 1,052,141 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 175357392 and an Enterprise Value of 100007680. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.64 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 7.777 whereas that against EBITDA is -1.674.

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 $0.87. The 50-Day Moving Average of the stock is -16.38%, while the 200-Day Moving Average is calculated to be -23.76%.

Shares Statistics:

It appears that RGTI traded 5.31M shares on average per day over the past three months and 3638420 shares per day over the past ten days. A total of 147.07M shares are outstanding, with a floating share count of 133.03M. Insiders hold about 22.62% of the company’s shares, while institutions hold 19.31% stake in the company. Shares short for RGTI as of 1715731200 were 19258105 with a Short Ratio of 3.63, compared to 1713139200 on 15309501. Therefore, it implies a Short% of Shares Outstanding of 19258105 and a Short% of Float of 13.01.

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