A new trading day began on Monday, with Rigetti Computing Inc (NASDAQ: RGTI) stock price down -3.14% from the previous day of trading, before settling in for the closing price of $0.90. RGTI’s price has ranged from $0.75 to $2.36 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 17.17%. Meanwhile, its annual earnings per share averaged 30.70%. With a float of $151.27 million, this company’s outstanding shares have now reached $191.24 million.
Considering the fact that the conglomerate employs 134 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 27.77%, operating margin of -528.64%, and the pretax margin is -538.72%.
Rigetti Computing Inc (RGTI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Rigetti Computing Inc is 20.90%, while institutional ownership is 23.52%. The most recent insider transaction that took place on Aug 14 ’24, was worth 35,539. Before that another transaction happened on Aug 14 ’24, when Company’s Officer proposed sale 6,332 for $0.90, making the entire transaction worth $5,677.
Rigetti Computing Inc (RGTI) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.17 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.70% per share during the next fiscal year.
Rigetti Computing Inc (NASDAQ: RGTI) Trading Performance Indicators
Here are Rigetti Computing Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.46, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of Rigetti Computing Inc (RGTI)
Compared to the last year’s volume of 5.59 million, its volume of 3.0 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.69%. Additionally, its Average True Range was 0.09.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 14.29%, which indicates a significant decrease from 38.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.48% in the past 14 days, which was higher than the 84.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9856, while its 200-day Moving Average is $1.1934. Nevertheless, the first resistance level for the watch stands at $0.9042 in the near term. At $0.9384, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9605. If the price goes on to break the first support level at $0.8479, it is likely to go to the next support level at $0.8258. Should the price break the second support level, the third support level stands at $0.7916.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
With a market capitalization of 166.38 million, the company has a total of 171,919K Shares Outstanding. Currently, annual sales are 12,010 K while annual income is -75,110 K. The company’s previous quarter sales were 3,090 K while its latest quarter income was -12,420 K.
