AvePoint (NASDAQ:AVPT) & Rigetti Computing (NASDAQ:RGTI) Critical Analysis

Rigetti Computing (NASDAQ:RGTI) and AvePoint (NASDAQ:AVPT) are both mid-cap computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, risk, earnings, profitability, dividends, valuation and analyst recommendations.

Analyst Ratings

This is a summary of current recommendations and price targets for Rigetti Computing and AvePoint, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Rigetti Computing	0	0	6	0	3.00
AvePoint	0	2	4	1	2.86

Rigetti Computing currently has a consensus target price of $15.50, suggesting a potential upside of 0.39%. AvePoint has a consensus target price of $18.17, suggesting a potential downside of 2.12%. Given Rigetti Computing’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Rigetti Computing is more favorable than AvePoint.

Volatility & Risk

Rigetti Computing has a beta of 1.43, indicating that its stock price is 43% more volatile than the S&P 500. Comparatively, AvePoint has a beta of 1.33, indicating that its stock price is 33% more volatile than the S&P 500.

Institutional & Insider Ownership

35.4% of Rigetti Computing shares are held by institutional investors. Comparatively, 44.5% of AvePoint shares are held by institutional investors. 1.9% of Rigetti Computing shares are held by company insiders. Comparatively, 26.2% of AvePoint shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Rigetti Computing and AvePoint’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Rigetti Computing	-1,541.36%	-47.63%	-31.56%
AvePoint	-6.86%	-8.80%	-4.63%

Earnings and Valuation

This table compares Rigetti Computing and AvePoint”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Rigetti Computing	$9.21 million	486.71	-$200.99 million	($0.70)	-22.06
AvePoint	$349.01 million	10.81	-$29.09 million	($0.13)	-142.77

AvePoint has higher revenue and earnings than Rigetti Computing. AvePoint is trading at a lower price-to-earnings ratio than Rigetti Computing, indicating that it is currently the more affordable of the two stocks.

Summary

AvePoint beats Rigetti Computing on 9 of the 15 factors compared between the two stocks.

About Rigetti Computing

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.

About AvePoint

AvePoint, Inc. provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services. AvePoint, Inc. was incorporated in 2001 and is headquartered in Jersey City, New Jersey.