In yesterday’s Wall Street session, Rigetti Computing Inc (NASDAQ:RGTI) shares traded at $1.06, down -0.93% from the previous session.
RGTI stock price is now -22.57% away from the 50-day moving average and -23.63% away from the 200-day moving average. The market capitalization of the company currently stands at $182.24M.
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With the price target of $3.50, Alliance Global Partners recently initiated with Buy rating for Rigetti Computing Inc (NASDAQ: RGTI). On August 11, 2023, The Benchmark Company Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $4, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Rivas David, CHIEF TECHNOLOGY OFFICER sold 4,433 shares of the company’s stock on May 14 ’24. The stock was sold for $5,940 at an average price of $1.34. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 1,376,007 shares in the company, valued at $1.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, GENERAL COUNSEL & CORP. SEC. Danis Richard sold 3,804 shares of the business’s stock. A total of $5,097 was realized by selling the stock at an average price of $1.34. This leaves the insider owning 1,048,337 shares of the company worth $1.11 million. A total of 30.28% of the company’s stock is owned by insiders.
During the past 12 months, Rigetti Computing Inc has had a low of $0.66 and a high of $3.43. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 4.42, and a quick ratio of 4.42. The fifty day moving average price for RGTI is $1.3493 and a two-hundred day moving average price translates $1.383865 for the stock.
The latest earnings results from Rigetti Computing Inc (NASDAQ: RGTI) was released for 2023-12-31. The net profit margin was -563.97% and return on equity was -59.19% for RGTI. The company reported revenue of $3.05 million for the quarter, compared to $2.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.66 percent.
