Rigetti Computing Stock Probability of Future Stock Price Finishing Over 1.07
| RGTI Stock | USD 1.07 0.01 0.94% |
Closest to current price Rigetti long PUT Option Payoff at Expiration
Rigetti |
Rigetti Computing Target Price Odds to finish over 1.07
The tendency of Rigetti Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 1.07 | 90 days | 1.07 | about 89.58 |
Based on a normal probability distribution, the odds of Rigetti Computing to move above the current price in 90 days from now is about 89.58 (This Rigetti Computing probability density function shows the probability of Rigetti Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.88 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Rigetti Computing will likely underperform. Additionally Rigetti Computing has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Rigetti Computing Price Density |
| Price |
Predictive Modules for Rigetti Computing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rigetti Computing. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rigetti Computing's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Rigetti Computing Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Rigetti Computing is not an exception. The market had few large corrections towards the Rigetti Computing's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Rigetti Computing, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Rigetti Computing within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.52 | |
β | Beta against NYSE Composite | 2.88 | |
σ | Overall volatility | 0.31 | |
Ir | Information ratio | -0.07 |
Rigetti Computing Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Rigetti Computing for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Rigetti Computing can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Rigetti Computing generated a negative expected return over the last 90 days | |
| Rigetti Computing has high historical volatility and very poor performance | |
| Rigetti Computing has some characteristics of a very speculative penny stock | |
| Rigetti Computing has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 12.01 M. Net Loss for the year was (75.11 M) with profit before overhead, payroll, taxes, and interest of 10.23 M. | |
| Rigetti Computing currently holds about 161.02 M in cash with (50.58 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.31, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Rigetti Computing has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investorplace.com: 3 Quantum Computing Stocks That Could Be Millionaire-Makers May Edition |
Rigetti Computing Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Rigetti Stock often depends not only on the future outlook of the current and potential Rigetti Computing's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Rigetti Computing's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132 M | |
| Cash And Short Term Investments | 99.9 M |
Rigetti Computing Technical Analysis
Rigetti Computing's future price can be derived by breaking down and analyzing its technical indicators over time. Rigetti Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rigetti Computing. In general, you should focus on analyzing Rigetti Stock price patterns and their correlations with different microeconomic environments and drivers.
Rigetti Computing Predictive Forecast Models
Rigetti Computing's time-series forecasting models is one of many Rigetti Computing's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Rigetti Computing's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Rigetti Computing
Checking the ongoing alerts about Rigetti Computing for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Rigetti Computing help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Rigetti Computing generated a negative expected return over the last 90 days | |
| Rigetti Computing has high historical volatility and very poor performance | |
| Rigetti Computing has some characteristics of a very speculative penny stock | |
| Rigetti Computing has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 12.01 M. Net Loss for the year was (75.11 M) with profit before overhead, payroll, taxes, and interest of 10.23 M. | |
| Rigetti Computing currently holds about 161.02 M in cash with (50.58 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.31, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Rigetti Computing has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investorplace.com: 3 Quantum Computing Stocks That Could Be Millionaire-Makers May Edition |
Check out Rigetti Computing Backtesting, Rigetti Computing Valuation, Rigetti Computing Correlation, Rigetti Computing Hype Analysis, Rigetti Computing Volatility, Rigetti Computing History as well as Rigetti Computing Performance. For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Rigetti Stock analysis
When running Rigetti Computing's price analysis, check to measure Rigetti Computing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rigetti Computing is operating at the current time. Most of Rigetti Computing's value examination focuses on studying past and present price action to predict the probability of Rigetti Computing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rigetti Computing's price. Additionally, you may evaluate how the addition of Rigetti Computing to your portfolios can decrease your overall portfolio volatility.
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Is Rigetti Computing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rigetti Computing. If investors know Rigetti will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rigetti Computing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Revenue Per Share 0.091 | Quarterly Revenue Growth (0.44) | Return On Assets (0.25) | Return On Equity (0.58) |
The market value of Rigetti Computing is measured differently than its book value, which is the value of Rigetti that is recorded on the company's balance sheet. Investors also form their own opinion of Rigetti Computing's value that differs from its market value or its book value, called intrinsic value, which is Rigetti Computing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rigetti Computing's market value can be influenced by many factors that don't directly affect Rigetti Computing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rigetti Computing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rigetti Computing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rigetti Computing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.