Rigetti Computing burns cash, has a sky-high valuation at 150x forward sales, and faces relentless share dilution, making it an unattractive investment. The company's near-term prospects hinge on developing scalable quantum systems, but it struggles with revenue growth and financial stability. Despite a partnership with Quanta Computer, Rigetti's shrinking revenue base and likely need for another capital raise weaken its investment appeal.
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and Chief Executive Officer Jeffrey Bertelsen - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Shadi Mitwalli - Needham & Company Steven Silverman - TD Cowen Richard Shannon - Craig-Hallum Brian Kinstlinger - Alliance Global Partners David Williams - The Benchmark Company Operator Thank you for standing by, and welcome to Rigetti's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.09 per share a year ago.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Rigetti Computing (RGTI 2.08%) stock has been on a tear in recent months. Six months ago, the stock was trading at a price of under $1.
Shares of Rigetti Computing (RGTI -8.98%) have taken quite a ride, down 61% from their 52-week high yet still up a spectacular 362% over the past year. In some ways, that extreme volatility mirrors the quantum systems the company aims to harness, where particles exist in multiple states, defined by superposition, entanglement, and intrinsic uncertainty.
Rigetti Computing (RGTI -8.98%), one of a group of high-flying quantum computing stocks, took a dive last month as a combination of news items and macroeconomic concerns weighed on the stock.
RGTI's fourth-quarter 2024 performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships.
Major technological breakthroughs can, over time, create trillions in shareholder value. The late 2022 release of OpenAI's ChatGPT is a great example of this phenomenon, as it set off a massive wave of interest in (and investment in) generative artificial intelligence (AI).
Rigetti Computing (RGTI -5.86%) is one of the market's hottest quantum computing stocks right now.
Zacks.com users have recently been watching Rigetti Computing (RGTI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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?