Rigetti Computing Inc (NASDAQ: RGTI) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre.

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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. The current market capitalization of Rigetti Computing Inc is $173.05M. A total of 4.13 million shares were traded on the day, compared to an average of 2.63M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RGTI has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 45,259 shares. Over the last 12 months, there were 13 BUYs and 16 SELLs from insiders. Insiders purchased 1,663,650 shares during that period but sold 456,355.

In the most recent transaction, Fitzgerald Alissa sold 20,000 shares of RGTI for 1.28 per share on Feb 01. After the transaction, the Director now owns 140,810 company shares. In a previous transaction on Jan 30, Fitzgerald Alissa sold 20,000 shares at 1.28 per share. RGTI shares that Director owns now total 140,810.

Among the insiders who sold shares, Danis Richard disposed of 37,765 shares on Nov 17 at a per-share price of $1.08. This resulted in the General Counsel & Corp. Sec. holding 1,098,467 shares of RGTI after the transaction. In another insider transaction, Rivas David sold 7,494 shares at $1.08 per share on Nov 17. Company shares held by the Chief Technology Officer now total 889,713.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.13 in the last quarter, which was 23.50% higher than expectations of -$0.17.

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. RGTI’s latest balance sheet shows that the firm has $22.20M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.80, while its Total Shareholder’s Equity was -$35.43M.

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, 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.

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