A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Rigetti Computing Inc’s current trading price is -26.51% away from its 52-week high, while its distance from the 52-week low is 1319.70%. The stock’s price range for this time frame has been between $0.66 and $12.75. The trading volume of the company’s shares in the Technology reached around 214.68 million for the day, which was evidently higher than the average daily volume of 53.76 million over the last three months.
Rigetti Computing Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $12.75 on 12/18/24, and the lowest price during the same period was recorded at $0.66 on 09/09/24.
How Financial Performance Impacts Market Capitalization
Rigetti Computing Inc (RGTI) has experienced a quarterly rise of 1124.84% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.85B and boasts a workforce of 134 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.87, with a change in price of +8.34. Similarly, Rigetti Computing Inc recorded 37,802,871 in trading volume during the last 100 days, posting a change of +809.71%.
How RGTI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RGTI stands at 0.18. Similarly, the long-term debt-to-equity ratio is also 0.07.
RGTI Stock Stochastic Average
The raw stochastic average for Rigetti Computing Inc over the last 50 days is presently at 71.86%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 69.85%. Further, the company’s Stochastic %K and %D values for the last 20 days were 68.48% and 78.33%, respectively.
RGTI Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 851.37%. However, over the past six months, we’ve seen a weaker performance of 871.59%. The price of RGTI fallen by 594.07% over the last 30 days. And in the last five days, it has surged by 30.87%.
