After Hours
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. Yahoo Finance discussed the stock recently as it posted 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
As a NASDAQ listed company, RGTI falls under the Technology sector while operating within the Computer Hardware industry segment. The current market capitalization of Rigetti Computing Inc is $272.77M. A total of 10.84 million shares were traded on the day, compared to an average of 4.20M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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
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. 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.
