For the readers interested in the stock health of Rigetti Computing Inc. (RGTI). It is currently valued at $6.85. When the transactions were called off in the previous session, Stock hit the highs of $7.27, after setting-off with the price of $6.08. Company’s stock value dipped to $5.76 during the trading on the day. When the trading was stopped its value was $6.07.Recently in News on April 21, 2022, Rigetti Computing to Report First Quarter 2022 Financial Results and Host Conference Call on May 16, 2022. Rigetti Computing, Inc. (“Rigetti” or the “Company”) (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2022 results on Monday, May 16, 2022, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. You can read further details here
The 1-year high price for the company’s stock is recorded $11.37 on 03/02/22, with the lowest value was $5.41 for the same time period, recorded on 05/10/22.
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rigetti Computing Inc. shares are logging -46.27% during the 52-week period from high price, and 26.62% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.41 and $12.75.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 681831 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rigetti Computing Inc. (RGTI) recorded performance in the market was -33.43%, having the revenues showcasing -31.29% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 734.39M.
Analysts verdict on Rigetti Computing Inc. (RGTI)
During the last month, 0 analysts gave the Rigetti Computing Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.28, with a change in the price was noted -3.49. In a similar fashion, Rigetti Computing Inc. posted a movement of -33.75% for the period of last 100 days, recording 490,218 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RGTI is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Rigetti Computing Inc. (RGTI): Technical Analysis
Raw Stochastic average of Rigetti Computing Inc. in the period of last 50 days is set at 31.37%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 65.45%. In the last 20 days, the company’s Stochastic %K was 35.91% and its Stochastic %D was recorded 38.85%.
Let’s take a glance in the erstwhile performances of Rigetti Computing Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -33.43%. The shares -2.00% in the 7-day charts and went down by 11.38% in the period of the last 30 days. Common stock shares were lifted by -31.29% during last recorded quarter.