RGTI vs. CAN, CANG, APPS, EGAN, ULBI, ITI, MX, TCX, ASUR, and COMM
Should you be buying Rigetti Computing stock or one of its competitors? The main competitors of Rigetti Computing include Canaan (CAN), Cango (CANG), Digital Turbine (APPS), eGain (EGAN), Ultralife (ULBI), Iteris (ITI), Magnachip Semiconductor (MX), Tucows (TCX), Asure Software (ASUR), and CommScope (COMM). These companies are all part of the "computer and technology" sector.
Rigetti Computing (NASDAQ:RGTI) and Canaan (NASDAQ:CAN) are both small-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, media sentiment, institutional ownership, profitability, valuation, dividends, community ranking, earnings and risk.
Rigetti Computing has a beta of 2.45, meaning that its stock price is 145% more volatile than the S&P 500. Comparatively, Canaan has a beta of 3.11, meaning that its stock price is 211% more volatile than the S&P 500.
In the previous week, Canaan had 1 more articles in the media than Rigetti Computing. MarketBeat recorded 4 mentions for Canaan and 3 mentions for Rigetti Computing. Canaan's average media sentiment score of 0.10 beat Rigetti Computing's score of -0.05 indicating that Canaan is being referred to more favorably in the news media.
Rigetti Computing received 2 more outperform votes than Canaan when rated by MarketBeat users. Likewise, 60.00% of users gave Rigetti Computing an outperform vote while only 58.82% of users gave Canaan an outperform vote.
35.4% of Rigetti Computing shares are held by institutional investors. Comparatively, 70.1% of Canaan shares are held by institutional investors. 2.6% of Rigetti Computing shares are held by insiders. Comparatively, 0.3% of Canaan shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Canaan has a net margin of -195.84% compared to Rigetti Computing's net margin of -625.42%. Rigetti Computing's return on equity of -59.51% beat Canaan's return on equity.
Rigetti Computing presently has a consensus target price of $3.17, suggesting a potential upside of 127.82%. Canaan has a consensus target price of $4.25, suggesting a potential upside of 381.70%. Given Canaan's higher probable upside, analysts clearly believe Canaan is more favorable than Rigetti Computing.
Rigetti Computing has higher earnings, but lower revenue than Canaan. Rigetti Computing is trading at a lower price-to-earnings ratio than Canaan, indicating that it is currently the more affordable of the two stocks.
Summary
Rigetti Computing beats Canaan on 9 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding RGTI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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