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Tuesday, January 31, 2023

Investors’ Patience Is Being Tested Right Now By Rigetti Computing Inc. (NASDAQ: RGTI)

After Hours

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. After-hours trades for Rigetti Computing Inc. (RGTI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0361, or 4.44%, to $0.85. The Rigetti Computing Inc. has recorded 3,692 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Rigetti Computing to Present at 25th Annual Needham Growth Conference.


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Stocks Info

Rigetti Computing Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $0.81 and fluctuated between $0.8430 as its day high and $0.7400 as its day low. The current market capitalization of Rigetti Computing Inc. is $98.69M. A total of 0.58 million shares were traded on the day, compared to an average of 964.70K shares.

In the most recent transaction, Rigetti Chad sold 132,289 shares of RGTI for 0.97 per share on Dec 13. After the transaction, the Director now owns 8,884,191 company shares. In a previous transaction on Dec 13, Harburn Mike sold 5,983 shares at 0.97 per share. RGTI shares that SVP, Fabrication Ops. Hardware owns now total 712,129.

Among the insiders who sold shares, Sereda Brian J disposed of 8,822 shares on Dec 13 at a per-share price of $0.97. This resulted in the Chief Financial Officer holding 989,341 shares of RGTI after the transaction. In another insider transaction, Danis Richard sold 7,247 shares at $0.97 per share on Dec 13. Company shares held by the General Counsel & Corp. Sec. now total 606,224.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RGTI in the last 3 months, the mean price target is $2.50 with high estimates of $3.00 and low estimates of $2.00. In terms of 52-week highs and lows, RGTI has a high of $11.37 and a low of $0.67.

As of this writing, RGTI has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.13.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.75. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 2 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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