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Rigetti Computing (RGTI)
NASDAQ:RGTI
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RGTI Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.66 - $2.36
Previous Close$1.41
Volume15.61M
Average Volume (3M)5.95M
Market Cap
$271.14M
Enterprise Value$201.05M
Total Cash (Recent Filing)$92.58M
Total Debt (Recent Filing)$22.49M
Price to Earnings (P/E)―
Beta2.92
Next Earnings
Mar 06, 2025EPS Estimate
-$0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.38
Shares Outstanding192,295,809
10 Day Avg. Volume14,509,803
30 Day Avg. Volume5,950,298
Standard Deviation0.40
R-Squared0.12
Alpha-0.00558
Financial Highlights & Ratios
Price to Book (P/B)2.20
Price to Sales (P/S)25.06
Price to Cash Flow (P/CF)-4.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.91
Enterprise Value/Gross Profit21.83
Enterprise Value/Ebitda-3.92
Forecast
1Y Price Target
$2.25Price Target Upside59.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Rigetti Computing News
PremiumCompany Announcements
Rigetti Computing Reports Q3 2024 Results and Updates
PremiumCompany Announcements
Rigetti Computing’s General Counsel Rick Danis ResignsBulls Say, Bears Say
Bulls Say
Financial PerformanceRGTI raised $12.0M from the At-the-Market stock sales, with an estimated $60M remaining in the program, sufficient to fund operations into C3Q26.
Quantum Computing AdvancementsRGTI highlighted its gate speeds have improved significantly, being 2-4x faster than competing approaches, which is an important advantage for hybrid quantum-classical applications.
Technology ProgressSolid technology progress drives the resumption of roadmap, with multiple encouraging updates on the technical front.
Bears Say
Government Funding DependencyFunding from various US government agencies remains RGTI's primary source of revenues, and the recent elections have delayed the passage of additional funding for the National Quantum Initiative.
Margin PressureGM also fell short as the NQCC contract is expected to weigh on margins through 1Q25.
Revenue ShortfallRigetti's 3Q24 revenue came in below our model on slower government spending in advance of a new Federal budget and re-authorization of the NQI.
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Ownership Overview
12.74% Insiders
4.87% Mutual Funds
16.93% Other Institutional Investors
56.32% 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 $2.36 in the past 12 months.
What is Rigetti Computing’s market cap?
Currently, no data Available
When is Rigetti Computing’s upcoming earnings report date?
Rigetti Computing’s upcoming earnings report date is Mar 06, 2025 which is in 105 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 Undervalued.
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 -$0.08.
How many shares outstanding does Rigetti Computing have?
Rigetti Computing has 192,295,800 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 N/A.
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Rigetti Computing Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$2.25 (59.57% Upside)
$2.25 (59.57% Upside)
Blogger Sentiment
Bullish
RGTI Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 10.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.8%
Last 30 Days ▲ 9.3%
Last 30 Days ▲ 9.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.51%
12-Months-Change
Fundamentals
Return on Equity
-51.46%
Trailing 12-Months
Asset Growth
-4.81%
Trailing 12-Months
Company Description
Rigetti Computing
Supernova Partners Acquisition Co II Ltd is a blank check company.
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RGTI Earnings Call
Q3 2024
0:00 / 0:00
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RGTI Stock 12 Month Forecast
Average Price Target
$2.25
▲(59.57% Upside)
Technical Analysis
Best Analysts Covering RGTI
1 Year
1 Year Success Rate
6/12 ratings generated profit
1 Year Average Return
+20.38%
reiterated a buy rating 9 days ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +20.38% per trade.
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