The price of Rigetti Computing Inc (NASDAQ:RGTI) shares last traded on Wall Street fell -8.80% to $9.69.
RGTI stock price is now 8.95% away from the 50-day moving average and 67.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.78B.
With the price target of $12, Craig Hallum recently initiated with Buy rating for Rigetti Computing Inc (NASDAQ: RGTI). On July 25, 2024, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $3, while ‘Alliance Global Partners’ rates the stock as ‘Buy’
In other news, Rivas David, Officer bought 275,000 shares of the company’s stock on Mar 14 ’25. The stock was bought for $2,406,250 at an average price of $8.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, CHIEF TECHNOLOGY OFFICER Rivas David sold 275,000 shares of the business’s stock. A total of $2,508,632 was realized by selling the stock at an average price of $9.12. This leaves the insider owning 819,738 shares of the company worth $7.94 million. A total of 4.58% 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 $21.42. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 17.42, and a quick ratio of 17.42.
The net profit margin was -1862.72% and return on equity was -170.20% for RGTI. The company reported revenue of $2.27 million for the quarter, compared to $3.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.62 percent.
