In yesterday’s Wall Street session, Rigetti Computing Inc (NASDAQ:RGTI) shares traded at $11.86, up 7.14% from the previous session.
RGTI stock price is now 7.36% away from the 50-day moving average and 51.15% away from the 200-day moving average. The market capitalization of the company currently stands at $3.47B.
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, McCarthy Cathy L, Former Director bought 25,000 shares of the company’s stock on Jun 30 ’25. The stock was bought for $300,000 at an average price of $12.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 23 ’25, Former Director McCarthy Cathy L bought 50,000 shares of the business’s stock. A total of $523,000 was incurred on buying the stock at an average price of $10.46. A total of 5.68% 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 fifty day moving average price for RGTI is $11.0465 and a two-hundred day moving average price translates $7.84635 for the stock.
The latest earnings results from Rigetti Computing Inc (NASDAQ: RGTI) was released for 2025-03-31. 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. For the current quarter, analysts expect RGTI to generate $1.89M in revenue.
