NASDAQ:RGTI

Rigetti Computing (RGTI) Stock Forecast, Price & News

$0.94

-0.09 (-8.75%)

(As of 05/31/2023 ET)

Compare

Today's Range: $0.90
▼
$1.03
50-Day Range: $0.38
▼
$1.07
52-Week Range: $0.36
▼
$9.25

Volume: 2.31 million shs
Average Volume: 1.49 million shs
Market Capitalization: $121.88 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: 130.8% Upside
$2.17 Price Target
Short Interest: Bearish
7.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
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.

2.05 out of 5 stars

Computer And Technology Sector

420th out of 621 stocks

Holding & Other Investment Offices Industry

2nd out of 7 stocks

3.3

Analyst's Opinion

Consensus Rating
Rigetti 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/Downside
According to analysts' consensus price target of $2.17, Rigetti Computing has a forecasted upside of 130.8% from its current price of $0.94.
Amount of Analyst Coverage
Rigetti Computing has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.29% of the float of Rigetti Computing has been sold short.
Short Interest Ratio / Days to Cover
Rigetti Computing has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in Rigetti Computing has recently increased by 9.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Rigetti Computing does not currently pay a dividend.
Dividend Growth
Rigetti Computing does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RGTI.

3.3

News and Social Media Coverage

News Sentiment
Rigetti Computing has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Rigetti Computing this week, compared to 2 articles on an average week.
Search Interest
7 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 Follows
11 people have added Rigetti Computing to their MarketBeat watchlist in the last 30 days. This is an increase of 57% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.48% of the stock of Rigetti Computing is held by insiders.
Percentage Held by Institutions
43.29% of the stock of Rigetti Computing is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Rigetti Computing is -1.49, 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. Sector
The P/E ratio of Rigetti Computing is -1.49, 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 Ratio
Rigetti Computing has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

May 31, 2023 | americanbankingnews.com

BYTE Acquisition (NASDAQ:BYTS) and Rigetti Computing (NASDAQ:RGTI) Financial Contrast

May 30, 2023 | americanbankingnews.com

Critical Review: Rigetti Computing (NASDAQ:RGTI) versus Lakeshore Acquisition I (NASDAQ:LAAA)

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May 21, 2023 | americanbankingnews.com

Richard Danis Sells 22,919 Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) Stock

May 19, 2023 | finance.yahoo.com

Some Analysts Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Estimates

May 13, 2023 | finance.yahoo.com

Rigetti Computing First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag

May 12, 2023 | markets.businessinsider.com

Where Rigetti Computing Stands With Analysts

May 12, 2023 | markets.businessinsider.com

Rigetti Computing (RGTI) Receives a Rating Update from a Top Analyst

June 1, 2023 | UNKNOWN (Ad)

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May 11, 2023 | finance.yahoo.com

Rigetti Computing Reports First Quarter 2023 Results

May 10, 2023 | markets.businessinsider.com

What Wall Street expects from Rigetti Computing's earnings

May 9, 2023 | americanbankingnews.com

Rigetti Computing (RGTI) Set to Announce Earnings on Thursday

May 2, 2023 | americanbankingnews.com

Analyzing Rigetti Computing (RGTI) & The Competition

May 2, 2023 | americanbankingnews.com

Critical Analysis: Rigetti Computing (RGTI) versus The Competition

April 29, 2023 | americanbankingnews.com

Rigetti Computing (RGTI) & Its Rivals Head to Head Review

April 29, 2023 | americanbankingnews.com

Comparing Rigetti Computing (RGTI) & Its Rivals

April 27, 2023 | finance.yahoo.com

Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023

April 27, 2023 | americanbankingnews.com

Contrasting Rigetti Computing (RGTI) and Its Peers

April 26, 2023 | americanbankingnews.com

Contrasting Rigetti Computing (RGTI) and Its Competitors

April 25, 2023 | americanbankingnews.com

Critical Comparison: Rigetti Computing (RGTI) and Its Competitors

April 24, 2023 | americanbankingnews.com

Rigetti Computing (RGTI) vs. Its Rivals Critical Survey

April 24, 2023 | americanbankingnews.com

Rigetti Computing (RGTI) and Its Competitors Head-To-Head Comparison

April 22, 2023 | americanbankingnews.com

Analyzing Rigetti Computing (RGTI) & Its Peers

April 21, 2023 | americanbankingnews.com

Head to Head Comparison: Rigetti Computing (RGTI) versus Its Competitors

April 20, 2023 | americanbankingnews.com

Financial Analysis: Rigetti Computing (RGTI) & Its Competitors

April 19, 2023 | americanbankingnews.com

Comparing Rigetti Computing (NASDAQ:RGTI) and Trine II Acquisition (NYSE:TRAQ)

April 18, 2023 | americanbankingnews.com

Head to Head Contrast: Rigetti Computing (RGTI) and Its Peers

See More Headlines

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RGTI Company Calendar

Last Earnings: 3/27/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Holding & other investment offices
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:RGTI
CUSIP: N/A
CIK: 1838359
Web: www.offerpad.com
Phone: 510-210-5550
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: +130.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.63)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 0.14
Current Ratio: 5.67
Quick Ratio: 5.67

Sales & Book Value

Annual Sales: $13.10 million
Price / Sales: 9.30
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.00 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 129,820,000
Free Float: 129,200,000
Market Cap: $121.88 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RGTI Stock - Frequently Asked Questions

Should I buy or sell Rigetti Computing stock right now?: 3 Wall Street 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 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 brokers have issued 12-month price objectives for Rigetti Computing's stock. Their RGTI share price forecasts range from $1.00 to $4.00. On average, they expect the company's share price to reach $2.17 in the next year. This suggests a possible upside of 130.8% 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 start of the year. Since then, RGTI shares have increased by 28.7% and is now trading at $0.9388.
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) announced its quarterly 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 company 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 retail and institutional 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 $0.94.
How much money does Rigetti Computing make?: Rigetti Computing (NASDAQ:RGTI) has a market capitalization of $121.88 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 6/1/2023 by MarketBeat.com Staff

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