For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $10.04 in the prior trading day, Rigetti Computing Inc (NASDAQ: RGTI) closed at $8.93, down -11.06%. In other words, the price has decreased by -$11.06 from its previous closing price. On the day, 171.09 million shares were traded. RGTI stock price reached its highest trading level at $10.74 during the session, while it also had its lowest trading level at $8.43.
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 4.84 and its Current Ratio is at 4.84. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Craig Hallum on December 20, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On July 25, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $3.
On March 01, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $3.50.Alliance Global Partners initiated its Buy rating on March 01, 2024, with a $3.50 target price.
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 Jan 08 ’25 when Danis Richard bought 100,000 shares for $18.39 per share.
Danis Richard bought 102,852 shares of RGTI for $1,956,245 on Jan 06 ’25. On Dec 27 ’24, another insider, Danis Richard, who serves as the Former Officer of the company, bought 250,000 shares for $15.44 each.
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 2500837632 and an Enterprise Value of 1647111552. For the stock, the TTM Price-to-Sale (P/S) ratio is 181.98 while its Price-to-Book (P/B) ratio in mrq is 13.95. Its current Enterprise Value per Revenue stands at 138.506 whereas that against EBITDA is -26.992.
Stock Price History:
The Beta on a monthly basis for RGTI is 1.33, which has changed by 7.841584 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, RGTI has reached a high of $21.42, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 41.55%, while the 200-Day Moving Average is calculated to be 279.65%.
Shares Statistics:
The stock has traded on average 89.86M shares per day over the past 3-months and 187321440 shares per day over the last 10 days, according to various share statistics. A total of 242.30M shares are outstanding, with a floating share count of 215.18M. Insiders hold about 11.19% of the company’s shares, while institutions hold 29.50% stake in the company. Shares short for RGTI as of 1734048000 were 36308183 with a Short Ratio of 0.50, compared to 1731628800 on 26132461. Therefore, it implies a Short% of Shares Outstanding of 36308183 and a Short% of Float of 14.180000000000001.
Earnings Estimates
The company has 2.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.28 and -$0.3 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.2, with 2.0 analysts recommending between -$0.16 and -$0.24.
Revenue Estimates
6 analysts predict $2.5M in revenue for the current quarter. It ranges from a high estimate of $2.8M to a low estimate of $2.4M. As of the current estimate, Rigetti Computing Inc’s year-ago sales were $3.38MFor the next quarter, 6 analysts are estimating revenue of $2.84M. There is a high estimate of $4.12M for the next quarter, whereas the lowest estimate is $2.5M.
A total of 6 analysts have provided revenue estimates for RGTI’s current fiscal year. The highest revenue estimate was $11.32M, while the lowest revenue estimate was $10.9M, resulting in an average revenue estimate of $11.01M. In the same quarter a year ago, actual revenue was $12.01MBased on 6 analysts’ estimates, the company’s revenue will be $15.57M in the next fiscal year. The high estimate is $20.82M and the low estimate is $11.5M.
