On Monday, Rigetti Computing Inc (NASDAQ: RGTI) opened lower -32.25% from the last session, before settling in for the closing price of $8.93. Price fluctuations for RGTI have ranged from $0.66 to $21.42 over the past 52 weeks.
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Annual sales at Technology sector company grew by 17.17% over the past five years. Company’s average yearly earnings per share was noted 32.63% at the time writing. With a float of $215.18 million, this company’s outstanding shares have now reached $242.30 million.
Let’s look at the performance matrix of the company that is accounted for 134 employees. In terms of profitability, gross margin is 33.5%, operating margin of -565.28%, and the pretax margin is -509.58%.
Rigetti Computing Inc (RGTI) Insider Updates
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Rigetti Computing Inc is 11.19%, while institutional ownership is 29.50%. The most recent insider transaction that took place on Jan 08 ’25, was worth 1,839,000. Before that another transaction happened on Jan 06 ’25, when Company’s Former Officer proposed sale 102,852 for $19.02, making the entire transaction worth $1,956,245.
Rigetti Computing Inc (RGTI) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.63% per share during the next fiscal year.
Rigetti Computing Inc (NASDAQ: RGTI) Trading Performance Indicators
Check out the current performance indicators for Rigetti Computing Inc (RGTI). In the past quarter, the stock posted a quick ratio of 4.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 123.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.24 in one year’s time.
Technical Analysis of Rigetti Computing Inc (RGTI)
Rigetti Computing Inc (NASDAQ: RGTI) saw its 5-day average volume 181.25 million, a positive change from its year-to-date volume of 179.51 million. As of the previous 9 days, the stock’s Stochastic %D was 4.29%. Additionally, its Average True Range was 2.93.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 25.96%, which indicates a significant increase from 0.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 379.83% in the past 14 days, which was higher than the 223.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.40, while its 200-day Moving Average is $2.37. Nevertheless, the first resistance level for the watch stands at $7.63 in the near term. At $9.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.05. If the price goes on to break the first support level at $5.21, it is likely to go to the next support level at $4.37. Assuming the price breaks the second support level, the third support level stands at $2.79.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
There are currently 192,296K shares outstanding in the company with a market cap of 1.47 billion. Presently, the company’s annual sales total 12,010 K according to its annual income of -75,110 K. Last quarter, the company’s sales amounted to 2,380 K and its income totaled -14,830 K.
