NASDAQ:RGTI Rigetti Computing (RGTI) Stock Price, News & Analysis $0.98 -0.04 (-3.90%) (As of 12/29/2023 ET) Add Compare Share Share Today's Range$0.98▼$1.0450-Day Range$0.97▼$1.3052-Week Range$0.36▼$3.43Volume2.20 million shsAverage Volume2.40 million shsMarket Capitalization$138.46 millionP/E RatioN/ADividend YieldN/APrice Target$2.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Rigetti Computing MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside153.8% Upside$2.50 Price TargetShort InterestHealthy9.59% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.94Based on 2 Articles This WeekInsider TradingSelling Shares$48,880 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.46) to ($0.35) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.24 out of 5 starsComputer And Technology Sector220th out of 589 stocksHolding & Other Investment Offices Industry2nd out of 7 stocks 3.3 Analyst's Opinion Consensus RatingRigetti Computing has received a consensus rating of Moderate 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/DownsideAccording to analysts' consensus price target of $2.50, Rigetti Computing has a forecasted upside of 153.8% from its current price of $0.98.Amount of Analyst CoverageRigetti Computing has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.59% of the float of Rigetti Computing has been sold short.Short Interest Ratio / Days to CoverRigetti Computing has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Rigetti Computing has recently decreased by 1.92%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldRigetti Computing does not currently pay a dividend.Dividend GrowthRigetti Computing does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RGTI. Previous Next 3.9 News and Social Media Coverage News SentimentRigetti 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 0.72 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Rigetti Computing this week, compared to 0 articles on an average week.Search Interest13 people have searched for RGTI on MarketBeat in the last 30 days. This is an increase of 117% compared to the previous 30 days.MarketBeat Follows6 people have added Rigetti Computing to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn 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 $48,880.00 in company stock.Percentage Held by InsidersOnly 2.60% of the stock of Rigetti Computing is held by insiders.Percentage Held by InstitutionsOnly 30.33% of the stock of Rigetti Computing is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Rigetti Computing are expected to grow in the coming year, from ($0.46) to ($0.35) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rigetti Computing is -1.45, 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. SectorThe P/E ratio of Rigetti Computing is -1.45, 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 RatioRigetti Computing has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Rigetti Computing Stock (NASDAQ:RGTI)Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. Its quantum computing as a Service platform can be integrated into any public, private, or hybrid cloud. The company offers product types of platform, research, and software tools, which are used in application areas of benchmarking, chemical simulation, education/entertainment, machine learning, and optimization. It has operations in the United States and the United Kingdom. Rigetti Computing, Inc. was founded in 2013 and is based in Berkeley, California.Read More RGTI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RGTI Stock News HeadlinesDecember 26, 2023 | msn.comUSIO, SMSI, RGTI: 3 Penny Stocks to Keep an Eye On for 2024December 12, 2023 | morningstar.comRigetti Computing Inc RGTIDecember 31, 2023 | MarketBeat Internal (Ad)New Year's Sale: Get MarketBeat All Access Free For 30 DaysAccess our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Click the link to claim your $300.00 account credit and free 30-day subscriptionNovember 12, 2023 | finance.yahoo.comRigetti Computing, Inc. (NASDAQ:RGTI) Released Earnings Last Week And Analysts Lifted Their Price Target To US$3.50November 11, 2023 | finance.yahoo.comWhat You Can Learn From Rigetti Computing, Inc.'s (NASDAQ:RGTI) P/SAfter Its 36% Share Price CrashNovember 9, 2023 | finance.yahoo.comRigetti Computing Reports Third Quarter 2023 ResultsOctober 29, 2023 | seekingalpha.comRGTI Rigetti Computing, Inc.October 26, 2023 | finance.yahoo.comRigetti Computing, Inc. (RGTI)December 31, 2023 | MarketBeat Internal (Ad)New Year's Sale: Get MarketBeat All Access Free For 30 DaysAccess our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Click the link to claim your $300.00 account credit and free 30-day subscriptionOctober 26, 2023 | finance.yahoo.comRigetti Computing to Report Third Quarter 2023 Financial Results and Host Conference Call on November 9, 2023October 14, 2023 | finance.yahoo.comBeware! 3 Penny Stocks Waving Massive Red Flags Right NowOctober 13, 2023 | msn.comWhy Risk-Comfortable Investors Should Take a Quantum Leap Into IONQ StockSeptember 28, 2023 | finance.yahoo.com7 Penny Stocks That Might Not Survive the Next Market DownturnSeptember 19, 2023 | finance.yahoo.comRigetti Computing Awarded Five-Year Contract with Air Force Research Lab for Quantum Foundry ServicesAugust 24, 2023 | markets.businessinsider.comWant to Get Rich? 3 Game-Changing Quantum Computing Stocks to Buy Right NowAugust 21, 2023 | markets.businessinsider.com5 ‘Strong Buy’ Quantum Computing Stocks You Should Be Loading Up On NowAugust 17, 2023 | benzinga.comRigetti Computing Director Trades $451K In Company StockAugust 14, 2023 | msn.comRigetti Computing (NASDAQ: RGTI) Delivers Strong Q2 ResultsAugust 12, 2023 | 247wallst.comBenchmark Upgrades Rigetti ComputingAugust 11, 2023 | msn.comBenchmark Upgrades Rigetti Computing (RGTI)August 9, 2023 | finance.yahoo.comRigetti Computing, Inc.'s (NASDAQ:RGTI) 37% loss last week hit both individual investors who own 46% as well as institutionsJuly 28, 2023 | finance.yahoo.comRigetti Computing to Report Second Quarter 2023 Financial Results and Host Conference Call on August 10, 2023May 19, 2023 | finance.yahoo.comSome Analysts Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) EstimatesMay 13, 2023 | finance.yahoo.comRigetti Computing First Quarter 2023 Earnings: EPS Beats Expectations, Revenues LagMay 12, 2023 | markets.businessinsider.comWhere Rigetti Computing Stands With AnalystsMay 12, 2023 | markets.businessinsider.comRigetti Computing (RGTI) Receives a Rating Update from a Top AnalystMay 11, 2023 | finance.yahoo.comRigetti Computing Reports First Quarter 2023 ResultsSee More Headlines Receive RGTI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rigetti Computing and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/09/2023Today12/31/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/25/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Holding & other investment offices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:RGTI CUSIPN/A CIK1838359 Webwww.offerpad.com Phone510-210-5550FaxN/AEmployees129Year FoundedN/APrice Target and Rating Average Stock Price Target$2.50 High Stock Price Target$3.00 Low Stock Price Target$1.50 Potential Upside/Downside+153.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.68) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-71,520,000.00 Net Margins-581.28% Pretax Margin-581.28% Return on Equity-62.84% Return on Assets-44.69% Debt Debt-to-Equity Ratio0.12 Current Ratio5.06 Quick Ratio5.06 Sales & Book Value Annual Sales$13.10 million Price / Sales10.57 Cash FlowN/A Price / Cash FlowN/A Book Value$1.20 per share Price / Book0.82Miscellaneous Outstanding Shares140,580,000Free Float136,926,000Market Cap$138.46 million OptionableOptionable Beta2.32 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesDr. Subodh K. Kulkarni Ph.D. (Age 58)CEO, President & Director Comp: $16.62kMr. Richard Danis (Age 53)General Counsel & Corporate Secretary Comp: $856.62kMr. Jeffrey A. Bertelsen (Age 60)Chief Financial Officer Mr. David Rivas (Age 62)Chief Technology Officer Ms. Jackie KaweckSenior Vice President of Human ResourcesMr. Mike PelstringSenior Vice President of EngineeringMore ExecutivesKey CompetitorsMynaricNASDAQ:MYNAVuzixNASDAQ:VUZID-Wave QuantumNYSE:QBTSRumbleONNASDAQ:RMBLCangoNYSE:CANGView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 69,561 shares on 12/18/2023Ownership: 3.001%Richard DanisSold 37,765 sharesTotal: $40,786.20 ($1.08/share)David RivasSold 7,494 sharesTotal: $8,093.52 ($1.08/share)Penserra Capital Management LLCBought 174,408 shares on 11/16/2023Ownership: 1.593%Wolverine Trading LLCBought 28,500 shares on 11/16/2023Ownership: 0.000%View All Insider TransactionsView 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 year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate 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 target prices for Rigetti Computing's stock. Their RGTI share price targets range from $1.50 to $3.00. On average, they anticipate the company's stock price to reach $2.50 in the next year. This suggests a possible upside of 153.8% 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 on January 1st, 2023. Since then, RGTI stock has increased by 35.1% and is now trading at $0.9849. 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 Monday, March 25th 2024. View our RGTI earnings forecast. How were Rigetti Computing's earnings last quarter? Rigetti Computing, Inc. (NASDAQ:RGTI) released its quarterly earnings results on Thursday, November, 9th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The business had revenue of $3.11 million for the quarter. Rigetti Computing had a negative net margin of 581.28% and a negative trailing twelve-month return on equity of 62.84%. What ETF holds Rigetti Computing's stock ? Defiance Quantum ETF holds 1,944,343 shares of RGTI stock, representing 2.73% of its portfolio. 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. 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