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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:RGTI

Rigetti Computing (RGTI) Stock Price, News & Analysis

$1.54
+0.03 (+1.99%)
(As of 03/27/2024 ET)
Today's Range
$1.44
$1.58
50-Day Range
$0.97
$2.21
52-Week Range
$0.36
$3.43
Volume
7.47 million shs
Average Volume
9.52 million shs
Market Capitalization
$244.68 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.75

Rigetti Computing MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
105.6% Upside
$3.17 Price Target
Short Interest
Bearish
12.73% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.22mentions of Rigetti Computing in the last 14 days
Based on 4 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.

2.26 out of 5 stars

Computer And Technology Sector

405th out of 588 stocks

Holding & Other Investment Offices Industry

8th out of 14 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

the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
the most reliable asset on earth is making a comeback
Global tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.
Rigetti Computing Earnings Preview
See More Headlines
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Company Calendar

Last Earnings
3/27/2023
Today
3/27/2024
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
$2.75
High Stock Price Target
$3.50
Low Stock Price Target
$1.50
Potential Upside/Downside
+78.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 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
$244.68 million
Optionable
Optionable
Beta
2.49
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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 research analysts have issued "buy," "hold," and "sell" ratings for Rigetti Computing in the last twelve months. There are currently 3 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 target for 2024?

3 brokers have issued twelve-month price objectives for Rigetti Computing's stock. Their RGTI share price targets range from $3.00 to $3.50. On average, they expect the company's stock price to reach $3.17 in the next twelve months. This suggests a possible upside of 105.6% 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 56.4% and is now trading at $1.54.
View the best growth stocks for 2024 here
.

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) posted its quarterly earnings results on Monday, March, 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by $0.07. The company had revenue of $6.06 million for the quarter, compared to the consensus estimate of $5.43 million. Rigetti Computing had a negative net margin of 625.42% and a negative trailing twelve-month return on equity of 59.51%.

What ETF holds Rigetti Computing's stock?

Defiance Quantum ETF holds 1,944,343 shares of RGTI stock, representing 2.73% 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.

Who are Rigetti Computing's major shareholders?

Rigetti Computing's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.15%), Vanguard Group Inc. (3.02%), CIBC Private Wealth Group LLC (0.73%), Charles Schwab Investment Management Inc. (0.37%), Quadrature Capital Ltd (0.12%) and Quadrature Capital Ltd (0.10%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RGTI) was last updated on 3/28/2024 by MarketBeat.com Staff

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