Stocks of Rigetti Computing Inc (NASDAQ:RGTI) traded higher last session on Wall Street, up 0.66% to $1.52.
RGTI stock price is now 57.02% away from the 50-day moving average and 30.50% away from the 200-day moving average. The market capitalization of the company currently stands at $306.95M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Bessemer Venture Partners X L., 10% Owner bought 1,113,210 shares of the company’s stock on Nov 07 ’24. The stock was bought for $1,591,890 at an average price of $1.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, 10% Owner Bessemer Venture Partners X In bought 1,045,011 shares of the business’s stock. A total of $1,494,366 was incurred on buying the stock at an average price of $1.43. 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 $0.95596 and a two-hundred day moving average price translates $1.1626 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.
