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. Earlier, Yahoo Finance discussed this stock as it revealed 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
The company is listed on the NASDAQ and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $1.52 and fluctuated between $1.5700 as its day high and $1.4500 as its day low. The current market capitalization of Rigetti Computing Inc is $222.91M. A total of 5.83 million shares were traded on the day, compared to an average of 4.01M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RGTI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 14 SELLs from insiders. Insiders purchased 1,655,650 shares during that period but sold 448,355.
In the most recent transaction, Fitzgerald Alissa sold 10,000 shares of RGTI for 1.83 per share on Feb 20. After the transaction, the Director now owns 140,810 company shares. In a previous transaction on Feb 12, Fitzgerald Alissa sold 10,000 shares at 1.50 per share. RGTI shares that Director owns now total 140,810.
Among the insiders who sold shares, Fitzgerald Alissa disposed of 20,000 shares on Feb 01 at a per-share price of $1.28. This resulted in the Director holding 140,810 shares of RGTI after the transaction. In another insider transaction, Fitzgerald Alissa sold 20,000 shares at $1.28 per share on Jan 30. Company shares held by the Director now total 140,810.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RGTI in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 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 -$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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
