Rigetti Computing Inc (RGTI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. The current market capitalization of Rigetti Computing Inc is $2.45B. A total of 226.8 million shares were traded on the day, compared to an average of 39.75M shares.

In the most recent transaction, Clifton Michael S. sold 125,000 shares of RGTI for 6.00 per share on Dec 10 ’24. After the transaction, the Director now owns 938,864 company shares. In a previous transaction on Dec 10 ’24, Danis Richard bought 250,000 shares at 4.47 per share.

Among the insiders who bought shares, Clifton Michael S. acquired of 125,000 shares on Dec 10 ’24 at a per-share price of $4.47. In another insider transaction, Clifton Michael S. sold 125,000 shares at $5.03 per share on Dec 09 ’24. Company shares held by the Director now total 1,063,864.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RGTI has a high of $7.96 and a low of $0.66.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RGTI’s latest balance sheet shows that the firm has $22.20M in Cash & Short Term Investments as of fiscal 2021. There were $26.89M in debt and $3.20M in liabilities at the time. Its Book Value Per Share was $0.64, while its Total Shareholder’s Equity was -$35.43M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RGTI is Buy with a score of 4.75.

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