The price of Rigetti Computing Inc (NASDAQ:RGTI) shares last traded on Wall Street rose 1.69% to $12.05.
RGTI stock price is now 29.06% away from the 50-day moving average and 91.50% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Bertelsen Jeffrey A., Officer bought 218,750 shares of the company’s stock on May 19 ’25. The stock was bought for $2,592,188 at an average price of $11.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, Officer Rivas David bought 275,000 shares of the business’s stock. A total of $2,406,250 was incurred on buying the stock at an average price of $8.75. A total of 5.79% 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 0.04, a current ratio of 18.82, and a quick ratio of 18.82.
The net profit margin was -1493.98% and return on equity was -85.28% for RGTI. For the current quarter, analysts expect RGTI to generate $1.89M in revenue.
