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NASDAQ:RGTI

Rigetti Computing (RGTI) Stock Forecast, Price & News

$0.83
-0.12 (-13.01%)
(As of 01:16 PM ET)
Compare
Today's Range
$0.83
$1.01
50-Day Range
$0.38
$1.07
52-Week Range
$0.36
$8.48
Volume
2.52 million shs
Average Volume
1.53 million shs
Market Capitalization
$107.76 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.17

Rigetti Computing MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
150.6% Upside
$2.17 Price Target
Short Interest
Bearish
7.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Rigetti Computing in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$53,337 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.44) to ($0.30) Per Share

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 stars

Computer And Technology Sector

937th out of 1,226 stocks

Holding & Other Investment Offices Industry

5th out of 14 stocks


RGTI stock logo

About Rigetti Computing (NASDAQ:RGTI) Stock

Rigetti 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.

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RGTI Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite 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.
Where Rigetti Computing Stands With Analysts
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.
What Wall Street expects from Rigetti Computing's earnings
Analyzing Rigetti Computing (RGTI) & The Competition
Rigetti Computing (RGTI) & Its Rivals Head to Head Review
Comparing Rigetti Computing (RGTI) & Its Rivals
Contrasting Rigetti Computing (RGTI) and Its Peers
Contrasting Rigetti Computing (RGTI) and Its Competitors
Rigetti Computing (RGTI) vs. Its Rivals Critical Survey
Analyzing Rigetti Computing (RGTI) & Its Peers
Financial Analysis: Rigetti Computing (RGTI) & Its Competitors
Head to Head Contrast: Rigetti Computing (RGTI) and Its Peers
See More Headlines

RGTI Price History

RGTI Company Calendar

Last Earnings
3/27/2023
Today
6/02/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Holding & other investment offices
Sub-Industry
N/A
Current Symbol
NASDAQ:RGTI
Fax
N/A
Employees
140
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-71,520,000.00
Net Margins
-567.88%
Pretax Margin
-585.14%

Debt

Sales & Book Value

Annual Sales
$13.10 million
Book Value
$1.00 per share

Miscellaneous

Free Float
129,200,000
Market Cap
$123.87 million
Optionable
Optionable
Beta
1.76

Key Executives

  • Mr. Brian J. Sereda (Age 61)
    Chief Financial Officer
    Comp: $227.54k
  • Dr. 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 Kaweck
    Sr. VP of HR
  • Mr. Mike Pelstring
    Sr. VP of Engineering
  • Mr. David Rivas
    Sr. VP of Systems & Services
  • Mr. Greg Peters (Age 62)
    Chief Revenue Officer













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

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