At the time of writing, Rigetti Computing Inc [RGTI] stock is trading at $3.05, up 27.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RGTI shares have gain 106.08% over the last week, with a monthly amount glided 116.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rigetti Computing Inc [NASDAQ: RGTI] stock has seen the most recent analyst activity on July 25, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $3. Previously, Alliance Global Partners started tracking the stock with Buy rating on March 01, 2024, and set its price target to $3.50. On August 11, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $4 on the stock. The Benchmark Company downgraded its rating to a Hold. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $2 on November 10, 2022. Deutsche Bank started tracking with a Buy rating for this stock on August 09, 2022, and assigned it a price target of $10. In a note dated June 08, 2022, Needham initiated an Buy rating and provided a target price of $11 on this stock.
For the past year, the stock price of Rigetti Computing Inc fluctuated between $0.66 and $3.37. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Rigetti Computing Inc [NASDAQ: RGTI] shares were valued at $3.05 at the most recent close of the market. An investor can expect a potential drop of -1.64% based on the average RGTI price forecast.
Analyzing the RGTI fundamentals
According to Rigetti Computing Inc [NASDAQ:RGTI], the company’s sales were 11.89M for trailing twelve months, which represents an -23.41% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -5.65%, Pretax Profit Margin comes in at -5.1%, and Net Profit Margin reading is -5.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -0.52 and Total Capital is -0.5. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.61 points at the first support level, and at 2.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.30, and for the 2nd resistance point, it is at 3.55.
Ratios To Look Out For
It is important to note that Rigetti Computing Inc [NASDAQ:RGTI] has a current ratio of 4.84. In addition, the Quick Ratio stands at 4.84 and the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 62.69, the price to book ratio is 4.77.
Transactions by insiders
Recent insider trading involved Bessemer Venture Partners X L., 10% Owner, that happened on Nov 26 ’24 when 8.61 million shares were purchased. 10% Owner, Bessemer Venture Partners X In completed a deal on Nov 26 ’24 to buy 8.08 million shares. Meanwhile, Director Clifton Michael S. sold 0.12 million shares on Nov 25 ’24.
