On Monday, Rigetti Computing Inc (NASDAQ: RGTI) was 15.32% up from the session before settling in for the closing price of $1.11. A 52-week range for RGTI has been $0.66 – $2.36.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 17.17%. When this article was written, the company’s average yearly earnings per share was at 30.70%. With a float of $155.14 million, this company’s outstanding shares have now reached $191.24 million.
Let’s determine the extent of company efficiency that accounts for 134 employees. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Rigetti Computing Inc stocks. The insider ownership of Rigetti Computing Inc is 18.88%, while institutional ownership is 23.43%. The most recent insider transaction that took place on Sep 17 ’24, was worth 35,424. In this transaction Director of this company sold 43,200 shares at a rate of $0.82, taking the stock ownership to the 257,752 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Director sold 23,162 for $0.75, making the entire transaction worth $17,372. This insider now owns 300,952 shares in total.
Rigetti Computing Inc (RGTI) Earnings and Forecasts
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
You can see what Rigetti Computing Inc (RGTI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.40.
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)
Looking closely at Rigetti Computing Inc (NASDAQ: RGTI), its last 5-days average volume was 7.97 million, which is a jump from its year-to-date volume of 5.1 million. As of the previous 9 days, the stock’s Stochastic %D was 88.69%. Additionally, its Average True Range was 0.09.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 83.78%, which indicates a significant decrease from 96.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.90% in the past 14 days, which was higher than the 91.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8421, while its 200-day Moving Average is $1.1460. However, in the short run, Rigetti Computing Inc’s stock first resistance to watch stands at $1.3567. Second resistance stands at $1.4333. The third major resistance level sits at $1.5667. If the price goes on to break the first support level at $1.1467, it is likely to go to the next support level at $1.0133. Should the price break the second support level, the third support level stands at $0.9367.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
There are 171,919K outstanding shares of the company, which has a market capitalization of 244.79 million. As of now, sales total 12,010 K while income totals -75,110 K. Its latest quarter income was 3,090 K while its last quarter net income were -12,420 K.
