NASDAQ:RGTI Rigetti Computing (RGTI) Stock Forecast, Price & News $0.83 -0.12 (-13.01%) (As of 01:16 PM ET) Add Compare Share Share Today's Range$0.83▼$1.0150-Day Range$0.38▼$1.0752-Week Range$0.36▼$8.48Volume2.52 million shsAverage Volume1.53 million shsMarket Capitalization$107.76 millionP/E RatioN/ADividend YieldN/APrice Target$2.17 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Rigetti Computing MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside150.6% Upside$2.17 Price TargetShort InterestBearish7.29% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingSelling Shares$53,337 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.44) to ($0.30) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsComputer And Technology Sector937th out of 1,226 stocksHolding & Other Investment Offices Industry5th out of 14 stocks 3.3 Analyst's Opinion Consensus RatingRigetti Computing has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.17, Rigetti Computing has a forecasted upside of 150.6% from its current price of $0.86.Amount of Analyst CoverageRigetti Computing has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.29% of the float of Rigetti Computing has been sold short.Short Interest Ratio / Days to CoverRigetti Computing has a short interest ratio ("days to cover") of 5.Change versus previous monthShort interest in Rigetti Computing has recently increased by 9.90%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldRigetti Computing does not currently pay a dividend.Dividend GrowthRigetti Computing does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RGTI. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Rigetti Computing this week, compared to 2 articles on an average week.Search Interest7 people have searched for RGTI on MarketBeat in the last 30 days. This is an increase of 250% compared to the previous 30 days.MarketBeat Follows11 people have added Rigetti Computing to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Rigetti Computing insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $53,337.00 in company stock.Percentage Held by InsidersOnly 0.48% of the stock of Rigetti Computing is held by insiders.Percentage Held by Institutions43.29% of the stock of Rigetti Computing is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Rigetti Computing are expected to grow in the coming year, from ($0.44) to ($0.30) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rigetti Computing is -1.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Rigetti Computing is -1.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRigetti Computing has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Rigetti Computing (NASDAQ:RGTI) StockRigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.Read More Receive RGTI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rigetti Computing and its competitors with MarketBeat's FREE daily newsletter. Email Address RGTI Stock News HeadlinesMay 31, 2023 | americanbankingnews.comBYTE Acquisition (NASDAQ:BYTS) and Rigetti Computing (NASDAQ:RGTI) Financial ContrastMay 30, 2023 | americanbankingnews.comCritical Review: Rigetti Computing (NASDAQ:RGTI) versus Lakeshore Acquisition I (NASDAQ:LAAA)June 2, 2023 | Edge On The Street (Ad)The Graphite Shortage Story You're Not Being ToldGraphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security. May 21, 2023 | americanbankingnews.comRichard Danis Sells 22,919 Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) StockMay 19, 2023 | finance.yahoo.comSome Analysts Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) EstimatesMay 13, 2023 | finance.yahoo.comRigetti Computing First Quarter 2023 Earnings: EPS Beats Expectations, Revenues LagMay 12, 2023 | markets.businessinsider.comWhere Rigetti Computing Stands With AnalystsMay 12, 2023 | markets.businessinsider.comRigetti Computing (RGTI) Receives a Rating Update from a Top AnalystJune 2, 2023 | Edge On The Street (Ad)Is Graphite the New Lithium?Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.May 11, 2023 | finance.yahoo.comRigetti Computing Reports First Quarter 2023 ResultsMay 10, 2023 | markets.businessinsider.comWhat Wall Street expects from Rigetti Computing's earningsMay 9, 2023 | americanbankingnews.comRigetti Computing (RGTI) Set to Announce Earnings on ThursdayMay 2, 2023 | americanbankingnews.comAnalyzing Rigetti Computing (RGTI) & The CompetitionMay 2, 2023 | americanbankingnews.comCritical Analysis: Rigetti Computing (RGTI) versus The CompetitionApril 29, 2023 | americanbankingnews.comRigetti Computing (RGTI) & Its Rivals Head to Head ReviewApril 29, 2023 | americanbankingnews.comComparing Rigetti Computing (RGTI) & Its RivalsApril 27, 2023 | finance.yahoo.comRigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023April 27, 2023 | americanbankingnews.comContrasting Rigetti Computing (RGTI) and Its PeersApril 26, 2023 | americanbankingnews.comContrasting Rigetti Computing (RGTI) and Its CompetitorsApril 25, 2023 | americanbankingnews.comCritical Comparison: Rigetti Computing (RGTI) and Its CompetitorsApril 24, 2023 | americanbankingnews.comRigetti Computing (RGTI) vs. Its Rivals Critical SurveyApril 24, 2023 | americanbankingnews.comRigetti Computing (RGTI) and Its Competitors Head-To-Head ComparisonApril 22, 2023 | americanbankingnews.comAnalyzing Rigetti Computing (RGTI) & Its PeersApril 21, 2023 | americanbankingnews.comHead to Head Comparison: Rigetti Computing (RGTI) versus Its CompetitorsApril 20, 2023 | americanbankingnews.comFinancial Analysis: Rigetti Computing (RGTI) & Its CompetitorsApril 19, 2023 | americanbankingnews.comComparing Rigetti Computing (NASDAQ:RGTI) and Trine II Acquisition (NYSE:TRAQ)April 18, 2023 | americanbankingnews.comHead to Head Contrast: Rigetti Computing (RGTI) and Its PeersSee More Headlines RGTI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RGTI Company Calendar Last Earnings3/27/2023Today6/02/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Holding & other investment offices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:RGTI CUSIPN/A CIK1838359 Webwww.offerpad.com Phone510-210-5550FaxN/AEmployees140Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.17 High Stock Price Forecast$4.00 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+127.1%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.63) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-71,520,000.00 Net Margins-567.88% Pretax Margin-585.14% Return on Equity-48.70% Return on Assets-36.27% Debt Debt-to-Equity Ratio0.14 Current Ratio5.67 Quick Ratio5.67 Sales & Book Value Annual Sales$13.10 million Price / Sales9.46 Cash FlowN/A Price / Cash FlowN/A Book Value$1.00 per share Price / Book0.95Miscellaneous Outstanding Shares129,820,000Free Float129,200,000Market Cap$123.87 million OptionableOptionable Beta1.76 Key ExecutivesMr. Brian J. Sereda (Age 61)Chief Financial Officer Comp: $227.54kDr. Subodh K. Kulkarni Ph.D. (Age 57)CEO, Pres & Director Mr. Michael Harburn (Age 52)Chief Technology Officer Mr. Richard Danis (Age 52)Gen. Counsel & Corp. Sec. Ms. Jackie KaweckSr. VP of HRMr. Mike PelstringSr. VP of EngineeringMr. David RivasSr. VP of Systems & ServicesMr. Greg Peters (Age 62)Chief Revenue Officer More ExecutivesKey CompetitorsIntevacNASDAQ:IVACQuantumNASDAQ:QMCOPorch GroupNASDAQ:PRCHAmtech SystemsNASDAQ:ASYSAmerican SuperconductorNASDAQ:AMSCView All CompetitorsInsiders & InstitutionsRichard DanisSold 22,919 sharesTotal: $11,688.69 ($0.51/share)David RivasSold 4,233 sharesTotal: $2,158.83 ($0.51/share)Geode Capital Management LLCBought 25,721 shares on 5/16/2023Ownership: 1.136%State Street CorpBought 213,300 shares on 5/16/2023Ownership: 0.756%Susquehanna International Group LLPBought 155,115 shares on 5/16/2023Ownership: 0.227%View All Insider TransactionsView All Institutional Transactions RGTI Stock - Frequently Asked Questions Should I buy or sell Rigetti Computing stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rigetti Computing in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RGTI shares. View RGTI analyst ratings or view top-rated stocks. What is Rigetti Computing's stock price forecast for 2023? 3 equities research analysts have issued 12-month price objectives for Rigetti Computing's shares. Their RGTI share price forecasts range from $1.00 to $4.00. On average, they anticipate the company's stock price to reach $2.17 in the next twelve months. This suggests a possible upside of 127.1% from the stock's current price. View analysts price targets for RGTI or view top-rated stocks among Wall Street analysts. How have RGTI shares performed in 2023? Rigetti Computing's stock was trading at $0.7292 at the beginning of 2023. Since then, RGTI stock has increased by 30.9% and is now trading at $0.9542. View the best growth stocks for 2023 here. When is Rigetti Computing's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023. View our RGTI earnings forecast. How were Rigetti Computing's earnings last quarter? Rigetti Computing, Inc. (NASDAQ:RGTI) released its earnings results on Monday, March, 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.07. The business had revenue of $6.06 million for the quarter, compared to analysts' expectations of $5.43 million. Rigetti Computing had a negative trailing twelve-month return on equity of 48.70% and a negative net margin of 567.88%. What ETF holds Rigetti Computing's stock ? Defiance Quantum ETF holds 1,509,081 shares of RGTI stock, representing 0.71% of its portfolio. What is Rigetti Computing's stock symbol? Rigetti Computing trades on the NASDAQ under the ticker symbol "RGTI." Who are Rigetti Computing's major shareholders? Rigetti Computing's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.62%), Geode Capital Management LLC (1.14%), State Street Corp (0.76%), Renaissance Technologies LLC (0.53%), Stifel Financial Corp (0.48%) and Charles Schwab Investment Management Inc. (0.43%). Insiders that own company stock include Alissa Fitzgerald, Brian J Sereda, Chad Rigetti, David Rivas, Mike Harburn and Richard Danis. View institutional ownership trends. How do I buy shares of Rigetti Computing? Shares of RGTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Rigetti Computing's stock price today? One share of RGTI stock can currently be purchased for approximately $0.95. How much money does Rigetti Computing make? Rigetti Computing (NASDAQ:RGTI) has a market capitalization of $123.87 million and generates $13.10 million in revenue each year. The company earns $-71,520,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. How many employees does Rigetti Computing have? The company employs 140 workers across the globe. How can I contact Rigetti Computing? Rigetti Computing's mailing address is 2150 E. Germann Road Suite 1, Chandler AZ, 85286. The official website for the company is www.offerpad.com. The company can be reached via phone at 510-210-5550 or via email at investors@offerpad.com. This page (NASDAQ:RGTI) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Rigetti Computing, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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