The price of Rigetti Computing Inc (NASDAQ:RGTI) shares last traded on Wall Street rose 7.56% to $1.28.
RGTI stock price is now 18.09% away from the 50-day moving average and 3.62% away from the 200-day moving average. The market capitalization of the company currently stands at $220.06M.
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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, Fitzgerald Alissa, Director sold 20,000 shares of the company’s stock on Jul 15 ’24. The stock was sold for $21,800 at an average price of $1.09. Upon completion of the transaction, the Director now directly owns 193,667 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’24, Director Fitzgerald Alissa sold 20,000 shares of the business’s stock. A total of $19,000 was realized by selling the stock at an average price of $0.95. This leaves the insider owning 213,667 shares of the company worth $0.27 million. A total of 20.95% of the company’s stock is owned by insiders.
During the past 12 months, Rigetti Computing Inc has had a low of $0.88 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 $1.08332 and a two-hundred day moving average price translates $1.234545 for the stock.
The latest earnings results from Rigetti Computing Inc (NASDAQ: RGTI) was released for 2024-03-31. 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.
