In yesterday’s Wall Street session, Rigetti Computing Inc (NASDAQ:RGTI) shares traded at $1.20, up 7.14% from the previous session.
RGTI stock price is now 28.76% away from the 50-day moving average and 3.58% away from the 200-day moving average. The market capitalization of the company currently stands at $229.49M.
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With the price target of $3, B. Riley Securities recently initiated with Buy rating for Rigetti Computing Inc (NASDAQ: RGTI). On March 01, 2024, Alliance Global Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $3.50, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Sandford Helene Gail, Director sold 43,200 shares of the company’s stock on Sep 17 ’24. The stock was sold for $35,424 at an average price of $0.82. Upon completion of the transaction, the Director now directly owns 257,752 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Sandford Helene Gail sold 23,162 shares of the business’s stock. A total of $17,372 was realized by selling the stock at an average price of $0.75. This leaves the insider owning 300,952 shares of the company worth $0.36 million. A total of 18.88% 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 $2.36. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 4.29, and a quick ratio of 4.29. The fifty day moving average price for RGTI is $0.92618 and a two-hundred day moving average price translates $1.1581 for the stock.
The latest earnings results from Rigetti Computing Inc (NASDAQ: RGTI) was released for 2024-06-30. The net profit margin was -538.72% and return on equity was -56.53% for RGTI. The company reported revenue of $3.09 million for the quarter, compared to $3.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.24 percent.
