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Rigetti Computing Inc. (RGTI)
: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)195.46M
Market Cap
$2.72B
Enterprise Value$77.44M
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta2.93
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. Volume225,582,595
30 Day Avg. Volume195,462,576
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)176.90
Price to Cash Flow (P/CF)-34.10
P/FCF Ratio0.00
Enterprise Value/Market Cap0.03
Enterprise Value/Revenue6.51
Enterprise Value/Gross Profit8.41
Enterprise Value/Ebitda-1.51
Forecast
1Y Price Target
$6.10Price Target Upside-45.73% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Rigetti Computing News
Bulls Say, Bears Say
Bulls Say
Funding And Financial StrategyRGTI 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 InnovationsRGTI highlighted its gate speeds have improved significantly, being 2-4x faster than competing approaches, which is an important advantage for hybrid quantum-classical applications.
Technological AdvancementsSolid technology progress drives the resumption of roadmap, with multiple encouraging updates on the technical front.
Bears Say
Government FundingFunding 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.
Gross Margin ImpactGM also fell short as the NQCC contract is expected weigh on margins through 1Q25.
Revenue PerformanceRigetti'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
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 Inc.’s price range in the past 12 months?
Rigetti Computing Inc. lowest stock price was $0.66 and its highest was $21.42 in the past 12 months.
What is Rigetti Computing Inc.’s market cap?
Rigetti Computing Inc.’s market cap is $2.72B.
When is Rigetti Computing Inc.’s upcoming earnings report date?
Rigetti Computing Inc.’s upcoming earnings report date is Mar 06, 2025 which is in 47 days.
How were Rigetti Computing Inc.’s earnings last quarter?
Rigetti Computing Inc. 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 Inc. overvalued?
According to Wall Street analysts Rigetti Computing Inc.’s price is currently Overvalued.
Does Rigetti Computing Inc. pay dividends?
Rigetti Computing Inc. does not currently pay dividends.
What is Rigetti Computing Inc.’s EPS estimate?
Rigetti Computing Inc.’s EPS estimate is -0.07.
How many shares outstanding does Rigetti Computing Inc. have?
Rigetti Computing Inc. has 242,295,800 shares outstanding.
What happened to Rigetti Computing Inc.’s price movement after its last earnings report?
Rigetti Computing Inc. 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 Inc.?
Among the largest hedge funds holding Rigetti Computing Inc.’s share is Allen Operations Llc. It holds Rigetti Computing Inc.’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:
$6.10 (-45.73% Downside)
$6.10 (-45.73% Downside)
Blogger Sentiment
Bullish
RGTI Sentiment 70%
Sector Average 68%
Sector Average 68%
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 ▲ 5.0%
Last 30 Days ▲ 86.2%
Last 30 Days ▲ 86.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1012.87%
12-Months-Change
Fundamentals
Return on Equity
-51.46%
Trailing 12-Months
Asset Growth
-4.81%
Trailing 12-Months
Company Description
Rigetti Computing Inc.
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
$6.10
▼(-45.73% Downside)
Technical Analysis
Best Analysts Covering RGTI
1 Year
1 Year Success Rate
8/13 ratings generated profit
1 Year Average Return
+128.35%
reiterated a buy rating 2 months ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 61.54% of your transactions generating a profit, with an average return of +128.35% per trade.
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