A share price of Rigetti Computing Inc [RGTI] is currently trading at $9.83, down -12.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The RGTI shares have gain 10.08% over the last week, with a monthly amount glided 16.61%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Rigetti Computing Inc [NASDAQ: RGTI] stock has seen the most recent analyst activity on December 20, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $12. Previously, B. Riley Securities started tracking the stock with Buy rating on July 25, 2024, and set its price target to $3. On March 01, 2024, Alliance Global Partners initiated with a Buy rating and assigned a price target of $3.50 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $4 on August 11, 2023. The Benchmark Company downgraded its rating to a Hold. Deutsche Bank downgraded its rating to Hold for this stock on November 10, 2022, and downed its price target to $2. In a note dated August 09, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $10 on this stock.
Rigetti Computing Inc experienced fluctuations in its stock price throughout the past year between $0.66 and $21.42. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Rigetti Computing Inc [NASDAQ: RGTI] shares were valued at $9.83 at the most recent close of the market. An investor can expect a potential drop of -79.65% based on the average RGTI price forecast.
Analyzing the RGTI fundamentals
Trailing Twelve Months sales for Rigetti Computing Inc [NASDAQ:RGTI] were 11.89M which represents -23.41% decline. 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 0.18.
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 9.35 points at the first support level, and at 8.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.74, and for the 2nd resistance point, it is at 11.64.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rigetti Computing Inc [NASDAQ:RGTI] is 4.84. On the other hand, the Quick Ratio is 4.84, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 200.32, the price to book ratio is 15.36.
Transactions by insiders
Recent insider trading involved Danis Richard, Former Officer, that happened on Jan 08 ’25 when 100000.0 shares were purchased. Former Officer, Danis Richard completed a deal on Jan 06 ’25 to buy 0.1 million shares. Meanwhile, Former Officer Danis Richard bought 0.25 million shares on Dec 27 ’24.
