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 broken, with the stock’s consolidated last price falling by -$0.01, or -0.84%, to $1.18. The Rigetti Computing Inc has recorded 11,455 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Rigetti Computing Reports Third Quarter 2023 Results.
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 $1.19 and fluctuated between $1.2000 as its day high and $1.0600 as its day low. The current market capitalization of Rigetti Computing Inc is $167.29M. A total of 3.78 million shares were traded on the day, compared to an average of 4.33M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RGTI has seen 1 BUY and 4 SELL insider trades, representing the acquisition of 8,000 and the disposition of 240,980 shares. Over the last 12 months, there were 18 BUYs and 35 SELLs from insiders. Insiders purchased 2,008,045 shares during that period but sold 1,192,540.
In the most recent transaction, Fitzgerald Alissa sold 8,000 shares of RGTI for 1.80 per share on Sep 01. After the transaction, the Director now owns 140,810 company shares. In a previous transaction on Aug 17, Danis Richard sold 40,084 shares at 1.91 per share. RGTI shares that General Counsel & Corp. Sec. owns now total 1,136,232.
Among the insiders who sold shares, Rivas David disposed of 7,896 shares on Aug 17 at a per-share price of $1.91. This resulted in the Chief Technology Officer holding 897,207 shares of RGTI after the transaction. In another insider transaction, McCarthy Cathy L sold 185,000 shares at $2.44 per share on Aug 15. Company shares held by the Director now total 291,377.
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 $3.50 with high estimates of $4.00 and low estimates of $3.00. In terms of 52-week highs and lows, RGTI has a high of $3.43 and a low of $0.36.
As of this writing, RGTI has an earnings estimate of $Rockwell Medical, Inc. per share for the current quarter. EPS was calculated based on a consensus of Rigetti Computing, Inc. estimates, with a high estimate of $PGT Innovations, Inc. per share and a lower estimate of $Agiliti, Inc.
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. RGTI’s latest balance sheet shows that the firm has $11.73M in Cash & Short Term Investments as of fiscal 2021. There were $24.79M in debt and $8.28M in liabilities at the time. Its Book Value Per Share was $0.80, while its Total Shareholder’s Equity was -$71.53M.
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, 0 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 4.67.