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 twelve months. 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 analysts have issued 12-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 year. This suggests a possible upside of 187.9% 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 the year. Since then, RGTI stock has increased by 11.7% and is now trading at $1.10. View the best growth stocks for 2024 here .

Are investors shorting Rigetti Computing?

Rigetti Computing saw a increase in short interest in 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 volume of 6,850,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 15.8% of the company's stock are sold short. 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) announced its quarterly earnings results on Thursday, March, 14th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $3.38 million for 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 updated its fourth quarter 2023 earnings guidance on Monday, February, 5th. The company provided earnings per share (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 .

NASDAQ:RGTI

Rigetti Computing (RGTI) Stock Price, News & Analysis

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$1.10

-0.07 (-5.98%)

(As of 04/19/2024 ET)

Compare

Today's Range: $1.06
▼
$1.16
50-Day Range: $1.08
▼
$2.21
52-Week Range: $0.36
▼
$3.43

Volume: 3.64 million shs
Average Volume: 4.92 million shs
Market Capitalization: $174.77 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.17

Get Rigetti Computing alerts:

Rigetti Computing MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 187.9% Upside
$3.17 Price Target
Short Interest: Bearish
15.77% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
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.

1.62 out of 5 stars

Computer And Technology Sector

475th out of 585 stocks

Holding & Other Investment Offices Industry

5th out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Rigetti Computing has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Rigetti Computing has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
15.77% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Rigetti Computing has recently increased by 23.91%, 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.

2.4

News and Social Media Coverage

News Sentiment
Rigetti Computing has a news sentiment score of 0.36. 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 lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Rigetti Computing this week, compared to 1 article on an average week.
Search Interest
Only 28 people have searched for RGTI on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
73 people have added Rigetti Computing to their MarketBeat watchlist in the last 30 days. This is an increase of 52% compared to the previous 30 days.

0.8

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 $194,030.00 in company stock.
Percentage Held by Insiders
Only 2.60% of the stock of Rigetti Computing is held by insiders.
Percentage Held by Institutions
Only 35.38% of the stock of Rigetti Computing is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rigetti Computing are expected to grow in the coming year, from ($0.33) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rigetti Computing is -1.90, 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 -1.90, 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 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

RGTI Stock News Headlines

April 16, 2024 | globenewswire.com

Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers

April 15, 2024 | investorplace.com

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April 20, 2024 | Crypto 101 Media (Ad)

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April 14, 2024 | americanbankingnews.com

Rigetti Computing (NASDAQ:RGTI) Stock Price Down 6.3%

April 10, 2024 | americanbankingnews.com

Reviewing Rigetti Computing (NASDAQ:RGTI) & CION Investment (NYSE:CION)

April 7, 2024 | investorplace.com

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April 5, 2024 | investorplace.com

The 3 Most Undervalued Quantum Computing Stocks to Buy in April 2024

March 28, 2024 | msn.com

Altrius Global Dividend ETF declares monthly distribution of $0.1281

April 20, 2024 | Crypto 101 Media (Ad)

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March 27, 2024 | investorplace.com

3 Quantum Computing Stocks to Buy on the Dip: March 2024

March 23, 2024 | investorplace.com

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March 21, 2024 | investorplace.com

Wall Street's Favorite Quantum Computing Stocks? 3 Names That Could Make You Filthy Rich

March 18, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Rigetti Computing Amidst Quantum Industry Growth and Technological Advancements

March 16, 2024 | finance.yahoo.com

Rigetti Computing Full Year 2023 Earnings: Beats Expectations

March 15, 2024 | benzinga.com

Looking Into Rigetti Computing's Recent Short Interest

March 15, 2024 | finance.yahoo.com

Rigetti Computing, Inc. (NASDAQ:RGTI) Q4 2023 Earnings Call Transcript

March 15, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Allegro MicroSystems (ALGM) and Rigetti Computing (RGTI)

March 15, 2024 | finanznachrichten.de

Rigetti Computing, Inc.: Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results

March 14, 2024 | globenewswire.com

Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results

March 14, 2024 | markets.businessinsider.com

Rigetti Computing is about to announce its earnings — here's what to expect

March 13, 2024 | benzinga.com

Rigetti Computing Earnings Preview

March 12, 2024 | seekingalpha.com

Rigetti Computing: A Buy Despite Low Revenues In An Emerging Field

March 6, 2024 | investorplace.com

3 Penny Stocks Projected to Have Massive Gains in 2024 (and Beyond)

March 6, 2024 | investorplace.com

The Top 3 Quantum Computing Stocks to Buy in March 2024

March 4, 2024 | globenewswire.com

Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024

March 2, 2024 | msn.com

Alliance Global Partners Initiates Coverage of Rigetti Computing (RGTI) with Buy Recommendation

February 27, 2024 | investorplace.com

3 Millionaire-Maker Quantum Computing Stocks to Buy in February 2024

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Holding & other investment offices
Sub-Industry: N/A
Current Symbol: NASDAQ:RGTI
CUSIP: N/A
CIK: 1838359
Web: www.offerpad.com
Phone: 510-210-5550
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: +187.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.58)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-75,110,000.00
Net Margins: -625.42%
Pretax Margin: -625.47%
Return on Equity: -59.51%
Return on Assets: -41.47%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 3.71
Quick Ratio: 3.71

Sales & Book Value

Annual Sales: $12.01 million
Price / Sales: 14.55
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.75 per share
Price / Book: 1.47

Miscellaneous

Outstanding Shares: 158,880,000
Free Float: 154,750,000
Market Cap: $174.77 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 analysts have issued 12-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 year. This suggests a possible upside of 187.9% 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 the year. Since then, RGTI stock has increased by 11.7% and is now trading at $1.10.
View the best growth stocks for 2024 here.
Are investors shorting Rigetti Computing?: Rigetti Computing saw a increase in short interest in 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 volume of 6,850,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 15.8% of the company's stock are sold short.
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) announced its quarterly earnings results on Thursday, March, 14th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $3.38 million for 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 updated its fourth quarter 2023 earnings guidance on Monday, February, 5th. The company provided earnings per share (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 4/20/2024 by MarketBeat.com Staff

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