The price of Rigetti Computing Inc (NASDAQ:RGTI) shares last traded on Wall Street rose 0.77% to $1.31.
RGTI stock price is now 24.71% away from the 50-day moving average and 11.80% away from the 200-day moving average. The market capitalization of the company currently stands at $251.90M.
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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, Bessemer Venture Partners X L., 10% Owner sold 580,125 shares of the company’s stock on Nov 14 ’24. The stock was sold for $945,604 at an average price of $1.63. Upon completion of the transaction, the 10% Owner now directly owns 19,002,093 shares in the company, valued at $24.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15 ’24, 10% Owner Bessemer Venture Partners X L. sold 86,868 shares of the business’s stock. A total of $135,514 was realized by selling the stock at an average price of $1.56. This leaves the insider owning 18,915,225 shares of the company worth $24.78 million. A total of 18.88% 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 $2.36. 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 $1.03888 and a two-hundred day moving average price translates $1.1711 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. For the current quarter, analysts expect RGTI to generate $2.52M in revenue.
