Rigetti Computing Stock Performance
| RGTI Stock | USD 1.05 0.03 2.94% |
The company holds a Beta of 2.96, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Rigetti Computing will likely underperform. At this point, Rigetti Computing has a negative expected return of -0.88%. Please make sure to check Rigetti Computing's value at risk, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Rigetti Computing performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Rigetti Computing has generated negative risk-adjusted returns adding no value to investors with long positions. Despite abnormal performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in July 2024. The recent confusion may also be a sign of long-lasting up-swing for the firm traders. ...more
1 | Rigetti Computing Inc Reports Mixed Results Amid Strategic Advances in Quantum Computing | 03/14/2024 |
2 | Disposition of 8822 shares by Brian Sereda of Rigetti Computing at 0.97 subject to Rule 16b-3 | 03/19/2024 |
3 | Acquisition by Fitzgerald Alissa of 30000 shares of Rigetti Computing at 0.272 subject to Rule 16b-3 | 03/28/2024 |
4 | The Top 3 Quantum Computing Stocks to Buy in April 2024 | 04/26/2024 |
5 | Rigetti Computing, Inc. Stock Falls Amid Market Uptick What Investors Need to Know | 05/02/2024 |
6 | Rigetti Computing Inc Q1 2024 Earnings Navigating Challenges Amidst Technological ... | 05/10/2024 |
7 | Benchmark Reaffirms Buy Rating for Rigetti Computing - MarketBeat | 05/13/2024 |
8 | Rigetti Computing executive sells over 5k in company stock | 05/14/2024 |
9 | Is Rigetti Computing a Buy as Wall Street Analysts Look Optimistic | 05/17/2024 |
10 | 3 Quantum Computing Stocks That Could Be Millionaire-Makers May Edition | 05/22/2024 |
11 | Arqit Quantum Inc. Is A Top Quantum Computing Stock | 05/28/2024 |
12 | Rigetti Computing to join Russell 3000 Index in July | 05/29/2024 |
13 | Is It Worth Investing in Rigetti Computing Based on Wall Streets Bullish Views | 06/03/2024 |
| Begin Period Cash Flow | 57.9 M | |
| Free Cash Flow | -59.6 M |
Rigetti |
Rigetti Computing Relative Risk vs. Return Landscape
If you would invest 198.00 in Rigetti Computing on March 8, 2024 and sell it today you would lose (93.00) from holding Rigetti Computing or give up 46.97% of portfolio value over 90 days. Rigetti Computing is currently does not generate positive expected returns and assumes 5.3225% risk (volatility on return distribution) over the 90 days horizon. In different words, 47% of stocks are less volatile than Rigetti, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Rigetti Computing Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rigetti Computing's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Rigetti Computing, and traders can use it to determine the average amount a Rigetti Computing's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1655
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | RGTI |
Estimated Market Risk
| 5.32 actual daily | 47 53% of assets are more volatile |
Expected Return
| -0.88 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rigetti Computing is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rigetti Computing by adding Rigetti Computing to a well-diversified portfolio.
Rigetti Computing Fundamentals Growth
Rigetti Stock prices reflect investors' perceptions of the future prospects and financial health of Rigetti Computing, and Rigetti Computing fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Rigetti Stock performance.
| Return On Equity | -0.59 | ||||
| Return On Asset | -0.24 | ||||
| Operating Margin | (5.43) % | ||||
| Current Valuation | 100.01 M | ||||
| Shares Outstanding | 171.92 M | ||||
| Price To Book | 1.85 X | ||||
| Price To Sales | 16.86 X | ||||
| Revenue | 12.01 M | ||||
| Gross Profit | 10.23 M | ||||
| EBITDA | (62.2 M) | ||||
| Net Income | (75.11 M) | ||||
| Cash And Equivalents | 161.02 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 30.57 M | ||||
| Debt To Equity | 0.18 % | ||||
| Current Ratio | 10.40 X | ||||
| Book Value Per Share | 0.70 X | ||||
| Cash Flow From Operations | (50.58 M) | ||||
| Earnings Per Share | (0.52) X | ||||
| Market Capitalization | 175.36 M | ||||
| Total Asset | 159.91 M | ||||
| Retained Earnings | (353.76 M) | ||||
| Working Capital | 78.61 M | ||||
About Rigetti Computing Performance
To evaluate Rigetti Computing Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Rigetti Computing generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Rigetti Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Rigetti Computing market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Rigetti's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.47) | (0.49) | |
| Return On Capital Employed | (0.54) | (0.52) | |
| Return On Assets | (0.47) | (0.49) | |
| Return On Equity | (0.69) | (0.65) |
Things to note about Rigetti Computing performance evaluation
Checking the ongoing alerts about Rigetti Computing for important developments is a great way to find new opportunities for your next move. 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. | |
| Latest headline from zacks.com: Is It Worth Investing in Rigetti Computing Based on Wall Streets Bullish Views |
- Analyzing Rigetti Computing's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Rigetti Computing's stock is overvalued or undervalued compared to its peers.
- Examining Rigetti Computing's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Rigetti Computing's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Rigetti Computing's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Rigetti Computing's stock. These opinions can provide insight into Rigetti Computing's potential for growth and whether the stock is currently undervalued or overvalued.
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.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |