Rigetti Computing (RGTI) is making technical progress and expanding partnerships, but financials remain weak with declining revenue and widening losses. RGTI trades at extremely high valuation multiples—over 1,000x sales—despite falling revenue, high cash burn, and heavy reliance on government contracts. Recent momentum and hype have driven the stock up nearly 92%, but fundamentals have not caught up to justify the price surge.
Instead of looking for the “next” artificial intelligence (AI) stock, some traders are turning to quantum computing stocks for big price moves.
Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.08 per share a year ago.
RGTI secures $5.7M in Novera system orders and India MOU, but Q3 will test if momentum can turn into real revenue growth.
RGTI's Q3 results are likely to reflect steady quantum progress but limited near-term revenue growth as public-sector funding uncertainty lingers.
RGTI's Q3 results are likely to gain from U.S. funding clarity, new contracts and gains from its next-gen quantum system.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
In the most recent trading session, Rigetti Computing, Inc. (RGTI) closed at $39.12, indicating a -11.63% shift from the previous trading day.
Invesco QQQ, Rigetti Computing, CoreWeave, AltC Acquisition, United Parcel Service, BigBear.ai, and D-Wave Quantum are the seven Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies that appear to trade below their intrinsic or fair value based on fundamentals such as earnings, book value, or cash flow.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Quantum computing is attracting investor attention, but it could be decades before it is ready for prime time. Is it too early to bet on pure plays like Rigetti?
Rigetti Computing recently sold two of its quantum computing systems. The stock has pulled back from its all-time high.