Rigetti Computing Inc (NASDAQ: RGTI) kicked off on Friday, down -3.59% from the previous trading day, before settling in for the closing price of $12.25. Over the past 52 weeks, RGTI has traded in a range of $0.66-$21.42.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 17.17%. While this was happening, its average annual earnings per share was recorded 32.63%. With a float of $214.91 million, this company’s outstanding shares have now reached $242.30 million.
Considering the fact that the conglomerate employs 134 people, you should pay attention to its efficiency factor. 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 Activity
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 11.30%, while institutional ownership is 28.34%. 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) Earnings and Forecasts
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
Take a look at Rigetti Computing Inc’s (RGTI) current performance indicators. Last quarter, 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 240.67.
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)
Compared to the last year’s volume of 156.76 million, its volume of 65.25 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.27%. Additionally, its Average True Range was 1.79.
During the past 100 days, Rigetti Computing Inc’s (RGTI) raw stochastic average was set at 53.60%, which indicates a significant increase from 22.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.40% in the past 14 days, which was lower than the 238.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.34, while its 200-day Moving Average is $3.66. Nevertheless, the first resistance level for the watch stands at $12.22 in the near term. At $12.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.02. If the price goes on to break the first support level at $11.42, it is likely to go to the next support level at $11.02. Should the price break the second support level, the third support level stands at $10.62.
Rigetti Computing Inc (NASDAQ: RGTI) Key Stats
The company with the Market Capitalisation of 2.86 billion has total of 192,296K 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 2,380 K and last quarter income was -14,830 K.
