Rigetti Computing Inc (NASDAQ:RGTI) shares traded -15.40% lower at $7.91 on Wall Street last session.
RGTI stock price is now -34.28% away from the 50-day moving average and 86.04% away from the 200-day moving average. The market capitalization of the company currently stands at $1.92B.
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, Danis Richard, Former Officer bought 20,609 shares of the company’s stock on Feb 20 ’25. The stock was bought for $236,385 at an average price of $11.47. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 08 ’25, Former Officer Danis Richard bought 100,000 shares of the business’s stock. A total of $1,839,000 was incurred on buying the stock at an average price of $18.39. A total of 4.88% 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 $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.
