A new trading day began on Monday, with Rigetti Computing Inc (NASDAQ: RGTI) stock price down -5.68% from the previous day of trading, before settling in for the closing price of $13.20. RGTI’s price has ranged from $0.66 to $21.42 over the past 52 weeks.
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
Annual sales at Technology sector company grew by 17.17% over the past five years. Meanwhile, its annual earnings per share averaged 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 Updates
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 11.19%, while institutional ownership is 29.60%. 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
Here are Rigetti Computing Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 253.71.
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 -0.23 in one year’s time.
Technical Analysis of Rigetti Computing Inc (RGTI)
Rigetti Computing Inc (NASDAQ: RGTI) saw its 5-day average volume 173.91 million, a negative change from its year-to-date volume of 205.19 million. As of the previous 9 days, the stock’s Stochastic %D was 72.82%. Additionally, its Average True Range was 2.63.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 56.79%, which indicates a significant increase from 42.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 393.94% in the past 14 days, which was higher than the 239.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.32, while its 200-day Moving Average is $2.85. Nevertheless, the first resistance level for the watch stands at $13.41 in the near term. At $14.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.18. If the price goes on to break the first support level at $11.64, it is likely to go to the next support level at $10.84. Assuming the price breaks the second support level, the third support level stands at $9.87.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
With a market capitalization of 3.02 billion, the company has a total of 192,296K Shares Outstanding. Currently, annual sales are 12,010 K while annual income is -75,110 K. The company’s previous quarter sales were 2,380 K while its latest quarter income was -14,830 K.
