NASDAQ
RGTI

Rigetti Computing Inc

Computer Hardware
Technology

Prices are adjusted according to historical splits.

Rigetti Computing Inc Stock Price

Vitals

Today's Low:
$1.88
Today's High:
$2.2
Open Price:
$1.99
52W Low:
$0.36
52W High:
$3.43
Prev. Close:
$2.03
Volume:
6747161

Company Statistics

Market Cap.:
$244.70 million
Book Value:
0.894
Revenue TTM:
$14.39 million
Operating Margin TTM:
-618.71%
Gross Profit TTM:
$10.23 million
Profit Margin:
0%
Return on Assets TTM:
-28.09%
Return on Equity TTM:
-56.82%

Company Profile

Rigetti Computing Inc had its IPO on 2021-04-22 under the ticker symbol RGTI.

The company operates in the Technology sector and Computer Hardware industry. Rigetti Computing Inc has a staff strength of 129 employees.

Stock update

Shares of Rigetti Computing Inc opened at $1.99 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.88 - $2.2, and closed at $1.95.

This is a -3.94% slip from the previous day's closing price.

A total volume of 6,747,161 shares were traded at the close of the day’s session.

In the last one week, shares of Rigetti Computing Inc have increased by +5.98%.

Rigetti Computing Inc's Key Ratios

Rigetti Computing Inc has a market cap of $244.70 million, indicating a price to book ratio of 0.7347 and a price to sales ratio of 13.2796.

In the last 12-months Rigetti Computing Inc’s revenue was $14.39 million with a gross profit of $10.23 million and an EBITDA of $-80750000. The EBITDA ratio measures Rigetti Computing Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Rigetti Computing Inc’s operating margin was -618.71% while its return on assets stood at -28.09% with a return of equity of -56.82%.

In Q2.3333333333333, Rigetti Computing Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 55.9%.

Rigetti Computing Inc’s PE and PEG Ratio

Forward PE
0
Trailing PE
0
PEG

Its diluted EPS in the last 12-months stands at $-0.64 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Rigetti Computing Inc’s profitability.

Rigetti Computing Inc stock is trading at a EV to sales ratio of 1.6732 and a EV to EBITDA ratio of 0.314. Its price to sales ratio in the trailing 12-months stood at 13.2796.

Rigetti Computing Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$167.57 million
Total Liabilities
$21.35 million
Operating Cash Flow
$0
Capital Expenditure
$931000
Dividend Payout Ratio
0%

Rigetti Computing Inc ended 2024 with $167.57 million in total assets and $0 in total liabilities. Its intangible assets were valued at $167.57 million while shareholder equity stood at $118.36 million.

Rigetti Computing Inc ended 2024 with $0 in deferred long-term liabilities, $21.35 million in other current liabilities, 13000.00 in common stock, $-318972000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $21.71 million and cash and short-term investments were $105.48 million. The company’s total short-term debt was $13,015,000 while long-term debt stood at $0.

Rigetti Computing Inc’s total current assets stands at $117.53 million while long-term investments were $0 and short-term investments were $83.77 million. Its net receivables were $7.63 million compared to accounts payable of $947000.00 and inventory worth $1.09 million.

In 2024, Rigetti Computing Inc's operating cash flow was $0 while its capital expenditure stood at $931000.

Comparatively, Rigetti Computing Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$1.95
52-Week High
$3.43
52-Week Low
$0.36
Analyst Target Price
$3.5

Rigetti Computing Inc stock is currently trading at $1.95 per share. It touched a 52-week high of $3.43 and a 52-week low of $3.43. Analysts tracking the stock have a 12-month average target price of $3.5.

Its 50-day moving average was $1.99 and 200-day moving average was $1.11 The short ratio stood at 0.54 indicating a short percent outstanding of 0%.

Around 616% of the company’s stock are held by insiders while 5120.3% are held by institutions.

Frequently Asked Questions About Rigetti Computing Inc

The stock symbol (also called stock or share ticker) of Rigetti Computing Inc is RGTI

The IPO of Rigetti Computing Inc took place on 2021-04-22

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About

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.

Address

775 Heinz Avenue, Berkeley, CA, United States, 94710