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NASDAQ:RGTI

Rigetti Computing (RGTI) Stock Price, News & Analysis

$1.13
-0.04 (-3.42%)
(As of 10:58 AM ET)
Today's Range
$1.06
$1.16
50-Day Range
$1.08
$2.21
52-Week Range
$0.36
$3.43
Volume
1.48 million shs
Average Volume
6.43 million shs
Market Capitalization
$179.53 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.17

Rigetti Computing MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
173.0% Upside
$3.17 Price Target
Short Interest
Bearish
15.77% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.36mentions of Rigetti Computing in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$194,030 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.33) to ($0.22) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.60 out of 5 stars

Computer And Technology Sector

463rd out of 581 stocks

Holding & Other Investment Offices Industry

5th out of 10 stocks

RGTI stock logo

About Rigetti Computing Stock (NASDAQ:RGTI)

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. It also provides quantum cloud services that provides various range of support in programming, public or private clouds integration, and connectivity, as well as quantum operating system software that supports both public and private cloud architectures. In addition, the company offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. It has operations in the United States and the United Kingdom. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.

RGTI Stock Price History

RGTI Stock News Headlines

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Rigetti Computing (NASDAQ:RGTI) Stock Price Down 6.3%
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New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
Rigetti Computing Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
4/19/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Holding & other investment offices
Sub-Industry
N/A
Current Symbol
NASDAQ:RGTI
Fax
N/A
Employees
134
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.17
High Stock Price Target
$3.50
Low Stock Price Target
$3.00
Potential Upside/Downside
+170.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-75,110,000.00
Net Margins
-625.42%
Pretax Margin
-625.47%

Debt

Sales & Book Value

Annual Sales
$12.01 million
Book Value
$0.75 per share

Miscellaneous

Free Float
154,750,000
Market Cap
$185.89 million
Optionable
Optionable
Beta
2.43
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Key Executives

  • Dr. Subodh K. Kulkarni Ph.D. (Age 59)
    CEO, President & Director
    Comp: $16.62k
  • Mr. Richard Danis (Age 54)
    General Counsel & Corporate Secretary
    Comp: $856.62k
  • Mr. Jeffrey A. Bertelsen (Age 61)
    Chief Financial Officer
  • Mr. David Rivas (Age 62)
    Chief Technology Officer
  • Ms. Jackie Kaweck
    Senior Vice President of Human Resources
  • Mr. Mike Pelstring
    Senior Vice President of Engineering
  • Dr. Andrew Bestwick
    Senior Vice President of Quantum Systems

RGTI Stock Analysis - Frequently Asked Questions

Should I buy or sell Rigetti Computing stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rigetti Computing in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

3 brokers have issued 12 month price objectives for Rigetti Computing's shares. Their RGTI share price targets range from $3.00 to $3.50. On average, they expect the company's share price to reach $3.17 in the next year. This suggests a possible upside of 173.0% 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 2024?

Rigetti Computing's stock was trading at $0.9849 at the beginning of 2024. Since then, RGTI stock has increased by 17.8% and is now trading at $1.16.
View the best growth stocks for 2024 here
.

Are investors shorting Rigetti Computing?

Rigetti Computing saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 16,790,000 shares, an increase of 23.9% from the March 15th total of 13,550,000 shares. Based on an average daily trading volume, of 6,850,000 shares, the short-interest ratio is presently 2.5 days. Currently, 15.8% of the shares of the stock are short sold.
View Rigetti Computing's Short Interest
.

When is Rigetti Computing's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our RGTI earnings forecast
.

How were Rigetti Computing's earnings last quarter?

Rigetti Computing, Inc. (NASDAQ:RGTI) issued its quarterly earnings results on Thursday, March, 14th. The company reported ($0.09) earnings per share for the quarter. The firm earned $3.38 million during the quarter. Rigetti Computing had a negative trailing twelve-month return on equity of 59.51% and a negative net margin of 625.42%.

What ETF holds Rigetti Computing's stock?

Defiance Quantum ETF holds 2,972,258 shares of RGTI stock, representing 1.45% of its portfolio.

What guidance has Rigetti Computing issued on next quarter's earnings?

Rigetti Computing issued an update on its fourth quarter 2023 earnings guidance on Monday, February, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.9 million-$3.4 million, compared to the consensus revenue estimate of $3.3 million.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RGTI) was last updated on 4/19/2024 by MarketBeat.com Staff

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