The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, Rigetti Computing Inc (NASDAQ: RGTI) closed at $8.32 up 0.85% from its previous closing price of $8.25. In other words, the price has increased by $0.85 from its previous closing price. On the day, 11.92 million shares were traded. RGTI stock price reached its highest trading level at $8.475 during the session, while it also had its lowest trading level at $8.0777.
Ratios:
For a deeper understanding of Rigetti Computing Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.42 and its Current Ratio is at 17.42. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’25 when Rivas David bought 275,000 shares for $8.75 per share.
Rivas David sold 275,000 shares of RGTI for $2,508,632 on Mar 14 ’25. The CHIEF TECHNOLOGY OFFICER now owns 819,738 shares after completing the transaction at $9.12 per share. On Mar 11 ’25, another insider, McCarthy Cathy L, who serves as the Director of the company, sold 150,000 shares for $8.00 each. As a result, the insider received 1,200,240 and left with 234,234 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 2378088960 and an Enterprise Value of 2194795264. For the stock, the TTM Price-to-Sale (P/S) ratio is 220.40 while its Price-to-Book (P/B) ratio in mrq is 18.64. Its current Enterprise Value per Revenue stands at 203.41 whereas that against EBITDA is -35.627.
Stock Price History:
The Beta on a monthly basis for RGTI is 1.40, which has changed by 6.362832 over the last 52 weeks, in comparison to a change of 0.05430484 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 -12.08%, while the 200-Day Moving Average is calculated to be 55.30%.
Shares Statistics:
For the past three months, RGTI has traded an average of 75.90M shares per day and 31871580 over the past ten days. A total of 283.55M shares are outstanding, with a floating share count of 272.74M. Insiders hold about 4.58% of the company’s shares, while institutions hold 24.31% stake in the company. Shares short for RGTI as of 1743379200 were 68256201 with a Short Ratio of 0.90, compared to 1740700800 on 61019290. Therefore, it implies a Short% of Shares Outstanding of 68256201 and a Short% of Float of 26.06.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The stock of Rigetti Computing Inc (RGTI) is currently being evaluated by 2.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.04 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.14 and -$0.16 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.13, with 2.0 analysts recommending between -$0.11 and -$0.15.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $2.55M this quarter.It ranges from a high estimate of $2.75M to a low estimate of $2.46M. As of the current estimate, Rigetti Computing Inc’s year-ago sales were $3.05MFor the next quarter, 6 analysts are estimating revenue of $2.99M. There is a high estimate of $3.4M for the next quarter, whereas the lowest estimate is $2.6M.
A total of 6 analysts have provided revenue estimates for RGTI’s current fiscal year. The highest revenue estimate was $17.05M, while the lowest revenue estimate was $11.2M, resulting in an average revenue estimate of $14M. In the same quarter a year ago, actual revenue was $10.79MBased on 6 analysts’ estimates, the company’s revenue will be $33.58M in the next fiscal year. The high estimate is $51.7M and the low estimate is $17M.
