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Rigetti Computing NasdaqCM:RGTI Stock Report

Last Price

US$1.54

Market Cap

US$243.6m

7D

-9.9%

1Y

180.0%

Updated

27 Mar, 2024

Data

Company Financials +

Rigetti Computing, Inc.

NasdaqCM:RGTI Stock Report

Market Cap: US$243.6m

Rigetti Computing, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rigetti Computing
Historical stock prices
Current Share PriceUS$1.54
52 Week HighUS$3.43
52 Week LowUS$0.36
Beta2.5
1 Month Change-17.20%
3 Month Change50.98%
1 Year Change180.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO-84.44%

Recent News & Updates

Recent updates

Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Feb 28
Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Nov 11
Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

May 19
Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

Rigetti Computing Matches IBM By Producing Deep Red

Sep 29

Rigetti announces new partnerships

Sep 16

Deutsche Bank initiates coverage on Rigetti Computing with buy rating

Aug 09

Rigetti Computing board chairman to step down

Jul 06

Shareholder Returns

RGTIUS SemiconductorUS Market
7D-9.9%0.8%0.4%
1Y180.0%96.7%28.8%

Return vs Industry: RGTI exceeded the US Semiconductor industry which returned 102.5% over the past year.

Return vs Market: RGTI exceeded the US Market which returned 29.5% over the past year.

Price Volatility

Is RGTI's price volatile compared to industry and market?
RGTI volatility
RGTI Average Weekly Movement17.0%
Semiconductor Industry Average Movement6.8%
Market Average Movement6.0%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: RGTI's share price has been volatile over the past 3 months.

Volatility Over Time: RGTI's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2013134Subodh Kulkarnihttps://www.rigetti.com

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.

Rigetti Computing, Inc. Fundamentals Summary

How do Rigetti Computing's earnings and revenue compare to its market cap?
RGTI fundamental statistics
Market capUS$243.60m
Earnings (TTM)-US$75.11m
Revenue (TTM)US$12.01m

20.3x

P/S Ratio

-3.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RGTI income statement (TTM)
RevenueUS$12.01m
Cost of RevenueUS$2.80m
Gross ProfitUS$9.21m
Other ExpensesUS$84.32m
Earnings-US$75.11m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.47
Gross Margin76.68%
Net Profit Margin-625.47%
Debt/Equity Ratio20.1%

How did RGTI perform over the long term?

See historical performance and comparison
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