Rigetti Computing Inc (NASDAQ: RGTI) on Friday, plunged -12.54% from the previous trading day, before settling in for the closing price of $11.24. Within the past 52 weeks, RGTI’s price has moved between $0.66 and $21.42.
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Annual sales at Technology sector company grew by 17.17% over the past five years. The company achieved an average annual earnings per share of 32.63%. 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 and Institutional Ownership
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of Rigetti Computing Inc is 11.19%, while institutional ownership is 29.59%. 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) Latest Financial update
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
Rigetti Computing Inc (RGTI) is currently performing well based on its current performance indicators. A quick ratio of 4.84 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 200.32.
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 269.83 million, a positive change from its year-to-date volume of 219.41 million. As of the previous 9 days, the stock’s Stochastic %D was 30.51%. Additionally, its Average True Range was 2.73.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 44.17%, which indicates a significant increase from 25.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 386.24% in the past 14 days, which was higher than the 233.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.12, while its 200-day Moving Average is $2.55. Nevertheless, the first resistance level for the watch stands at $10.74 in the near term. At $11.64, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.13. If the price goes on to break the first support level at $9.35, it is likely to go to the next support level at $8.86. The third support level lies at $7.96 if the price breaches the second support level.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
Market capitalization of the company is 2.38 billion based on 192,296K outstanding shares. Right now, sales total 12,010 K and income totals -75,110 K. The company made 2,380 K in profit during its latest quarter, and -14,830 K in sales during its previous quarter.
