Rigetti Computing Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.43 on 08/01/23, and the lowest price during the same period was recorded at $0.36 on 05/04/23.
52-week price history of RGTI Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Rigetti Computing Inc’s current trading price is -52.07% away from its 52-week high, while its distance from the 52-week low is 356.54%. The stock’s price range during this period has fluctuated between $0.36 and $3.43. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 3.31 million for the day, which was evidently lower than the average daily volume of 6.59 million over the last three months.
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Financial Performance and Market Capitalization
Rigetti Computing Inc (RGTI) has experienced a quarterly rise of 61.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 260.05M and boasts a workforce of 134 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2799, with a change in price of +0.5750. Similarly, Rigetti Computing Inc recorded 4,974,350 in trading volume during the last 100 days, posting a change of +53.24%.
RGTI Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RGTI stands at 0.28. Similarly, the long-term debt-to-equity ratio is also 0.15.
RGTI Stock Stochastic Average
Rigetti Computing Inc’s raw stochastic average for the past 50 days is currently at 49.99%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 16.07%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 17.96% and 22.59%, respectively.
RGTI Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 66.92% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 4.71%. Over the past 30 days, the price of RGTI has fallen by 4.05%. And in the last five days, it has fallen by -19.01%.
