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Rigetti Computing (RGTI)
NASDAQ:RGTI
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RGTI Stock Chart & Stats
Day’s Range― - ―
52-Week Range$0.66 - $21.42
Previous CloseN/A
Volume201.44M
Average Volume (3M)209.21M
Market Cap
$3.26B
Enterprise Value$77.44M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta3.01
Next Earnings
Mar 06, 2025EPS Estimate
-0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.38
Shares Outstanding242,295,800
10 Day Avg. Volume227,044,820
30 Day Avg. Volume209,206,902
Standard Deviation0.82
R-Squared0.00991
Alpha0.16
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)217.81
Price to Cash Flow (P/CF)-42.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.02
Enterprise Value/Revenue6.51
Enterprise Value/Gross Profit8.41
Enterprise Value/Ebitda-1.51
Forecast
1Y Price Target
$9.10Price Target Upside-26.02% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Rigetti Computing News
Bulls Say, Bears Say
Bulls Say
Gate Speed ImprovementRGTI highlighted its gate speeds have improved significantly, being 2-4x faster than competing approaches, which is an important advantage for hybrid quantum-classical applications.
Quantum Error CorrectionThe company highlighted recent work on quantum error correction, demonstrating promising real-time, low latency results on qubit fidelities around 99.5%.
Technology ProgressSolid technology progress drives the resumption of roadmap, with multiple encouraging updates on the technical front.
Bears Say
Financial PerformanceRigetti's 3Q24 revenue came in below the model on slower government spending in advance of a new Federal budget and re-authorization of the NQI.
Profit MarginsGross margin fell short as the NQCC contract is expected to weigh on margins through 1Q25.
Revenue DependencyFunding from various US government agencies remains a primary source of revenues, and the recent elections have delayed the passage of additional funding for the National Quantum Initiative.
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Ownership Overview
9.65% Insiders
4.19% Mutual Funds
0.08% Other Institutional Investors
79.08% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RGTI FAQ
What was Rigetti Computing’s price range in the past 12 months?
Rigetti Computing lowest stock price was $0.66 and its highest was $21.42 in the past 12 months.
What is Rigetti Computing’s market cap?
Rigetti Computing’s market cap is $3.26B.
When is Rigetti Computing’s upcoming earnings report date?
Rigetti Computing’s upcoming earnings report date is Mar 06, 2025 which is in 33 days.
How were Rigetti Computing’s earnings last quarter?
Rigetti Computing released its earnings results on Nov 12, 2024. The company reported -$0.08 earnings per share for the quarter, missing the consensus estimate of -$0.074 by -$0.006.
Is Rigetti Computing overvalued?
According to Wall Street analysts Rigetti Computing’s price is currently Overvalued.
Does Rigetti Computing pay dividends?
Rigetti Computing does not currently pay dividends.
What is Rigetti Computing’s EPS estimate?
Rigetti Computing’s EPS estimate is -0.07.
How many shares outstanding does Rigetti Computing have?
Rigetti Computing has 242,295,800 shares outstanding.
What happened to Rigetti Computing’s price movement after its last earnings report?
Rigetti Computing reported an EPS of -$0.08 in its last earnings report, missing expectations of -$0.074. Following the earnings report the stock price went down -1.974%.
Which hedge fund is a major shareholder of Rigetti Computing?
Among the largest hedge funds holding Rigetti Computing’s share is Allen Operations Llc. It holds Rigetti Computing’s shares valued at 0.
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Rigetti Computing Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$9.10 (-26.02% Downside)
$9.10 (-26.02% Downside)
Blogger Sentiment
Bullish
RGTI Sentiment 68%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 10.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.4M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.5%
Last 30 Days ▲ 29.3%
Last 30 Days ▲ 29.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1111.00%
12-Months-Change
Fundamentals
Return on Equity
-49.33%
Trailing 12-Months
Asset Growth
-4.81%
Trailing 12-Months
Company Description
Rigetti Computing
Rigetti Computing (RGTI) is a quantum computing company that develops both hardware and software to advance quantum technologies. Headquartered in Berkeley, California, Rigetti designs quantum integrated circuits (ICs) and provides cloud-based quantum computing services through its platform, Forest, which allows users to run quantum algorithms and simulations. The company uses quantum computing to drive innovation in fields such as artificial intelligence, cryptography, and materials science.
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RGTI Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call highlighted significant technological advancements and collaborations, especially in modular architecture and quantum error correction, while also addressing challenges such as declining revenue and gross margins, and delays in government funding initiatives.Read More>---
RGTI Stock 12 Month Forecast
Average Price Target
$9.10
▼(-26.02% Downside)
Technical Analysis
Advanced Micro Devices
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International Business Machines
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Nvidia
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Quantum Computing
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IonQ
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Best Analysts Covering RGTI
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
+207.93%
reiterated a buy rating 6 days ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +207.93% per trade.
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