Rigetti Computing Inc (NASDAQ: RGTI) kicked off on Monday, down -8.13% from the previous trading day, before settling in for the closing price of $1.23. Over the past 52 weeks, RGTI has traded in a range of $0.66-$2.36.
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A company in the Technology sector has jumped its sales by 17.17% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 30.70%. With a float of $155.14 million, this company’s outstanding shares have now reached $191.24 million.
In an organization with 134 employees, it is important to assess its efficiency. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of Rigetti Computing Inc is 18.88%, while institutional ownership is 23.36%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.17 earnings per share (EPS), lower than consensus estimate (set at -0.12) by -0.05. 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
Take a look at Rigetti Computing Inc’s (RGTI) current performance indicators. Last quarter, 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 15.96.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 8.6 million. That was better than the volume of 5.29 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.12%. Additionally, its Average True Range was 0.14.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 43.93%, which indicates a significant increase from 35.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.24% in the past 14 days, which was higher than the 99.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9227, while its 200-day Moving Average is $1.1580. However, in the short run, Rigetti Computing Inc’s stock first resistance to watch stands at $1.1933. Second resistance stands at $1.2567. The third major resistance level sits at $1.2933. If the price goes on to break the first support level at $1.0933, it is likely to go to the next support level at $1.0567. The third support level lies at $0.9933 if the price breaches the second support level.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
The company with the Market Capitalisation of 201.37 million has total of 191,243K Shares Outstanding. Its annual sales at the moment are 12,010 K in contrast with the sum of -75,110 K annual income. Company’s last quarter sales were recorded 3,090 K and last quarter income was -12,420 K.
