Rigetti Computing Stock Today
| RGTI Stock | USD 1.16 0.12 9.38% |
Performance0 of 100
| Odds Of DistressOver 57
|
Rigetti Computing is trading at 1.16 as of the 12th of May 2024. This is a -9.38 percent decrease since the beginning of the trading day. The stock's open price was 1.28. Rigetti Computing has over 57 % chance of experiencing financial distress in the next 2 years of operation and has generated negative returns for investors over the last 90 days. Equity ratings for Rigetti Computing are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of April 2024 and ending today, the 12th of May 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 22nd of April 2021 | Category Technology | Classification Information Technology |
Rigetti Computing, Inc. operates as an integrated systems company. The company was founded in 2013 and is based in Berkeley, California. Rigetti Computing operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 160 people. The company has 171.63 M outstanding shares of which 17.79 M shares are at this time shorted by private and institutional investors with about 3.92 trading days to cover. More on Rigetti Computing
Moving together with Rigetti Stock
| 0.62 | HPQ | HP Inc Financial Report 4th of June 2024 | PairCorr |
Moving against Rigetti Stock
| 0.52 | KVHI | KVH Industries | PairCorr |
| 0.49 | DM | Desktop Metal | PairCorr |
| 0.48 | WDC | Western Digital Report 13th of May 2024 | PairCorr |
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Rigetti Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Rigetti Computing's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Rigetti Computing or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Subodh Kulkarni | ||||
| Business Concentration | Electronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, Information Technology, Electronic Equipment, Instruments & Components, Computer Hardware, Technology, Computing (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Rigetti Computing report their recommendations after researching Rigetti Computing's financial statements, talking to executives and customers, or listening in on Rigetti Computing's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Rigetti Computing. The Rigetti consensus assessment is calculated by taking the average forecast from all of the analysts covering Rigetti Computing. | |||||
Rigetti Computing's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Rigetti Computing's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Rigetti Computing's financial leverage. It provides some insight into what part of Rigetti Computing's total assets is financed by creditors.
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Rigetti Computing (RGTI) is traded on NASDAQ Exchange in USA. It is located in 775 Heinz Avenue, Berkeley, CA, United States, 94710 and employs 134 people. Rigetti Computing is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 199.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Rigetti Computing's market, we take the total number of its shares issued and multiply it by Rigetti Computing's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Rigetti Computing conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 171.63 M outstanding shares of which 17.79 M shares are at this time shorted by private and institutional investors with about 3.92 trading days to cover.
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.
Check Rigetti Computing Probability Of Bankruptcy
Ownership AllocationRigetti Computing owns a total of 171.63 Million outstanding shares. 30% of Rigetti Computing outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Rigetti Ownership Details
Rigetti Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Rigetti Computing jumping above the current price in 90 days from now is about 86.43%. The Rigetti Computing probability density function shows the probability of Rigetti Computing stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 4.6151 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.
Based on a normal probability distribution, the odds of Rigetti Computing to move above the current price in 90 days from now is about 86.43 (This Rigetti Computing probability density function shows the probability of Rigetti Stock to fall within a particular range of prices over 90 days) .
Rigetti Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Rigetti Computing that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Rigetti Computing's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Rigetti Computing's value.| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 514.8 K | |
| Marshall Wace Asset Management Ltd | 2023-12-31 | 443.2 K | |
| State Street Corporation | 2023-12-31 | 378.4 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 282.6 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 220.3 K | |
| Northern Trust Corp | 2023-12-31 | 183.2 K | |
| Quadrature Capital Llp | 2023-12-31 | 162.4 K | |
| Squarepoint Ops Llc | 2023-12-31 | 160.7 K | |
| Two Sigma Advisers, Llc | 2023-12-31 | 140.7 K | |
| American Assets Investment Management | 2023-12-31 | 8.8 M | |
| Vanguard Group Inc | 2023-12-31 | 4.4 M |
Rigetti Computing Historical Income Statement
Rigetti Computing Income Statement is one of the three primary financial statements used for reporting Rigetti's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Rigetti Computing revenue and expense. Rigetti Computing Income Statement primarily focuses on the company's revenues and expenses during a particular period.
The Rigetti Computing's current Cost Of Revenue is estimated to increase to about 12.5 M, while Net Interest Income is projected to decrease to (738.1 K). View More FundamentalsRigetti Stock Against Markets
Picking the right benchmark for Rigetti Computing stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Rigetti Computing stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Rigetti Computing is critical whether you are bullish or bearish towards Rigetti Computing at a given time. Please also check how Rigetti Computing's historical prices are related to one of the top price index indicators.
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Rigetti Computing Corporate Management
Elected by the shareholders, the Rigetti Computing's board of directors comprises two types of representatives: Rigetti Computing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rigetti. The board's role is to monitor Rigetti Computing's management team and ensure that shareholders' interests are well served. Rigetti Computing's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Rigetti Computing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Harburn | Chief Officer | Profile | |
| Greg Peters | Chief Officer | Profile | |
| Andrew Bestwick | Senior Systems | Profile | |
| Richard Danis | General Secretary | Profile | |
| Lou DeSorbo | Chief Officer | Profile | |
| Mike Pelstring | Senior Engineering | Profile |
How to buy Rigetti Stock?
Before investing in Rigetti Computing, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Rigetti Computing. To buy Rigetti Computing stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Rigetti Computing. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Rigetti Computing stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Rigetti Computing stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Rigetti Computing stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Rigetti Computing, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Rigetti Stock please use our How to Invest in Rigetti Computing guide.
Already Invested in Rigetti Computing?
The danger of trading Rigetti Computing is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rigetti Computing is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rigetti Computing. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rigetti Computing is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Rigetti Computing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rigetti Computing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rigetti Computing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rigetti Computing Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rigetti Computing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.