In yesterday’s Wall Street session, Rigetti Computing Inc. (NASDAQ:RGTI) shares traded at $2.10, up 19.32% from the previous session.
3 analysts cover Rigetti Computing Inc. (NASDAQ:RGTI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $1.76, this indicates a potential downside of -43.18 percent. RGTI stock price is now 110.74% away from the 50-day moving average and 101.40% away from the 200-day moving average. The market capitalization of the company currently stands at $309.75M.
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The stock has received a hold rating from 1 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.
In other news, Fitzgerald Alissa, Director sold 8,000 shares of the company’s stock on Jul 03. The stock was sold for $10,240 at an average price of $1.28. Upon completion of the transaction, the Director now directly owns 140,810 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, Director Fitzgerald Alissa sold 40,447 shares of the business’s stock. A total of $57,030 was realized by selling the stock at an average price of $1.41. This leaves the insider owning 26,989 shares of the company worth $56676.9. A total of 10.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RGTI stock. A new stake in Rigetti Computing Inc. shares was purchased by CIBC PRIVATE WEALTH GROUP, LLC during the first quarter worth $168,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC invested $46,000 in shares of RGTI during the first quarter. In the first quarter, WELLS FARGO & COMPANY/MN acquired a new stake in Rigetti Computing Inc. valued at approximately $37,000. FNY INVESTMENT ADVISERS, LLC acquired a new stake in RGTI for approximately $7,000. CARSONALLARIA WEALTH MANAGEMENT, LTD. purchased a new stake in RGTI valued at around $3,000 in the second quarter. In total, there are 117 active investors with 45.80% ownership of the company’s stock.
On Monday morning Rigetti Computing Inc. (NASDAQ: RGTI) stock kicked off with the opening price of $1.8000. During the past 12 months, Rigetti Computing Inc. has had a low of $0.36 and a high of $5.90. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 5.70, and a quick ratio of 5.70. The fifty day moving average price for RGTI is $1.0310 and a two-hundred day moving average price translates $1.0441 for the stock.
The latest earnings results from Rigetti Computing Inc. (NASDAQ: RGTI) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.15 by -0.04. This compares to -$0.33 EPS in the same period last year. The company reported revenue of $2.2 million for the quarter, compared to $2.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.61 percent. For the current quarter, analysts expect RGTI to generate $2.75M in revenue.
