In yesterday’s Wall Street session, Rigetti Computing Inc (NASDAQ:RGTI) shares traded at $14.16, down -0.21% from the previous session.
RGTI stock price is now 44.52% away from the 50-day moving average and 112.53% away from the 200-day moving average. The market capitalization of the company currently stands at $4.11B.
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, CHIEF TECHNOLOGY OFFICER sold 44,815 shares of the company’s stock on May 21 ’25. The stock was sold for $532,801 at an average price of $11.89. Upon completion of the transaction, the CHIEF TECHNOLOGY OFFICER now directly owns 774,923 shares in the company, valued at $10.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’25, Officer Bertelsen Jeffrey A. bought 12,500 shares of the business’s stock. A total of $149,000 was incurred on buying the stock at an average price of $11.92. A total of 5.84% 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. The company reported revenue of $1.47 million for the quarter, compared to $3.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -51.77 percent.
