Rigetti Computing (RGTI) Set to Announce Earnings on Thursday

Rigetti Computing (NASDAQ:RGTI - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Rigetti Computing to post earnings of ($0.08) per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. Rigetti Computing had a negative net margin of 625.42% and a negative return on equity of 59.51%. The firm had revenue of $3.38 million for the quarter. On average, analysts expect Rigetti Computing to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rigetti Computing Stock Performance

Shares of Rigetti Computing stock remained flat at $1.31 during trading hours on Thursday. 1,986,045 shares of the stock were exchanged, compared to its average volume of 6,177,087. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.09. The business's 50 day moving average price is $1.55 and its 200 day moving average price is $1.28. Rigetti Computing has a one year low of $0.36 and a one year high of $3.43. The stock has a market capitalization of $208.13 million, a PE ratio of -2.26 and a beta of 2.45.

Insider Transactions at Rigetti Computing

In other Rigetti Computing news, General Counsel Richard Danis sold 46,326 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $1.97, for a total value of $91,262.22. Following the completion of the sale, the general counsel now directly owns 1,052,141 shares in the company, valued at $2,072,717.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 75,599 shares of company stock valued at $142,830. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on RGTI. Alliance Global Partners initiated coverage on shares of Rigetti Computing in a research report on Friday, March 1st. They set a "buy" rating and a $3.50 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $3.00 price target on shares of Rigetti Computing in a research note on Friday, March 15th.

Rigetti Computing Company Profile

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.