Rigetti Computing Inc [RGTI] stock is trading at $11.22, up 28.23%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RGTI shares have gain 20.00% over the last week, with a monthly amount drifted -4.51%, and not 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 [RGTI] stock has fluctuated between $0.66 and $21.42 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Rigetti Computing Inc [NASDAQ: RGTI] shares were valued at $11.22 at the most recent close of the market. An investor can expect a potential drop of -73.26% based on the average RGTI price forecast.
Analyzing the RGTI fundamentals
Rigetti Computing Inc [NASDAQ:RGTI] reported sales of 10.79M for the trailing twelve months, which represents a drop of -32.64%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -6.35%, Pretax Profit Margin comes in at -18.63%, and Net Profit Margin reading is -18.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.71, Equity is -1.65 and Total Capital is -0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 9.73 points at the first support level, and at 8.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.01, and for the 2nd resistance point, it is at 12.79.
Ratios To Look Out For
For context, Rigetti Computing Inc’s Current Ratio is 17.42. As well, the Quick Ratio is 17.42, while the Cash Ratio is 5.7. Considering the valuation of this stock, the price to sales ratio is 297.22, the price to book ratio is 25.13.
Transactions by insiders
Recent insider trading involved Rivas David, Officer, that happened on Mar 14 ’25 when 0.28 million shares were purchased. CHIEF TECHNOLOGY OFFICER, Rivas David completed a deal on Mar 14 ’25 to sell 0.28 million shares. Meanwhile, Director McCarthy Cathy L sold 0.15 million shares on Mar 11 ’25.
