The price of Rigetti Computing Inc (NASDAQ:RGTI) shares last traded on Wall Street rose 17.74% to $8.43.
RGTI stock price is now 283.30% away from the 50-day moving average and 505.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.45B.
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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, Clifton Michael S., Director sold 125,000 shares of the company’s stock on Dec 10 ’24. The stock was sold for $750,000 at an average price of $6.00. Upon completion of the transaction, the Director now directly owns 938,864 shares in the company, valued at $7.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Former Officer Danis Richard bought 250,000 shares of the business’s stock. A total of $1,117,500 was incurred on buying the stock at an average price of $4.47. A total of 16.14% 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 $7.96. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 4.84, and a quick ratio of 4.84. The fifty day moving average price for RGTI is $2.04642 and a two-hundred day moving average price translates $1.359125 for the stock.
The latest earnings results from Rigetti Computing Inc (NASDAQ: RGTI) was released for 2024-09-30. The net profit margin was -509.58% and return on equity was -51.46% for RGTI. The company reported revenue of $2.38 million for the quarter, compared to $3.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.41 percent.
