Is Rigetti Computing Inc. (NASDAQ: RGTI) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Rigetti Computing Inc. (RGTI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.01, or +0.50%, to $2.01. Volume reached 4,664 shares, with price reaching a high of $1.95 and a low of $1.92. Most recently, Yahoo Finance reported about the stock as it publicized that Rigetti Announces New Partnerships, Provides Business Updates at Inaugural Investor Day.

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Stocks Info

RGTI belongs to the Technology sector of the NASDAQ while operating in the Computer Hardware industry. At the end of the last regular session, the stock closed at $1.92 and fluctuated between $2.0600 as its day high and $1.8900 as its day low. The current market capitalization of Rigetti Computing Inc. is $226.37M. A total of 1.27 million shares were traded on the day, compared to an average of 917.51K shares.

In the most recent transaction, Fitzgerald Alissa sold 8,000 shares of RGTI for 2.33 per share on Sep 14. After the transaction, the Director now owns 67,436 company shares. In a previous transaction on Aug 29, Rigetti Chad sold 116,800 shares at 4.01 per share. RGTI shares that President and CEO owns now total 9,547,136.

Among the insiders who sold shares, Sereda Brian J disposed of 30,820 shares on Aug 29 at a per-share price of $4.01. This resulted in the Chief Financial Officer holding 1,033,545 shares of RGTI after the transaction. In another insider transaction, Danis Richard sold 6,392 shares at $4.01 per share on Aug 29. Company shares held by the General Counsel and Corp. Sec. now total 495,480.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RGTI in the last 3 months, the mean price target is $9.67 with high estimates of $11.00 and low estimates of $8.00. In terms of 52-week highs and lows, RGTI has a high of $12.75 and a low of $1.97.

As of this writing, RGTI has an earnings estimate of $-0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $-0.07 per share and a lower estimate of $-0.13. The company reported an EPS of $-0.09 in the last quarter, which was -50% lower than expectations of $-0.06.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

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. Currently, 4 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. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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