Rigetti Computing Stock Analysis

RGTI Stock  USD 2.75  1.01  58.05%   
Rigetti Computing is undervalued with Real Value of 2.9 and Target Price of 3.5. The main objective of Rigetti Computing stock analysis is to determine its intrinsic value, which is an estimate of what Rigetti Computing is worth, separate from its market price. There are two main types of Rigetti Computing's stock analysis: fundamental analysis and technical analysis.
The Rigetti Computing stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Rigetti Computing's ongoing operational relationships across important fundamental and technical indicators.
  
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For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.

Rigetti Stock Analysis Notes

About 34.0% of the company shares are owned by institutional investors. The book value of Rigetti Computing was at this time reported as 0.64. The company has Price/Earnings To Growth (PEG) ratio of 0.07. Rigetti Computing recorded a loss per share of 0.37. The entity had not issued any dividends in recent years. 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. To find out more about Rigetti Computing contact Subodh Kulkarni at 510 210 5550 or learn more at https://www.rigetti.com.

Rigetti Computing Quarterly Total Revenue

2.38 Million

Rigetti Computing Investment Alerts

Rigetti Computing is way too risky over 90 days horizon
Rigetti Computing appears to be risky and price may revert if volatility continues
The company reported the previous year's revenue of 12.01 M. Net Loss for the year was (75.11 M) with profit before overhead, payroll, taxes, and interest of 10.23 M.
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.
Rigetti Computing has a frail financial position based on the latest SEC disclosures
Latest headline from gurufocus.com: Director Cathy Mccarthy Sells 50,000 Shares of Rigetti Computing Inc

Rigetti Computing Upcoming and Recent Events

Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Rigetti Computing previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
25th of March 2024
Upcoming Quarterly Report
View
9th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
25th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Rigetti Largest EPS Surprises

Earnings surprises can significantly impact Rigetti Computing's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-11-12
2024-09-30-0.09-0.07870.011312 
2024-03-15
2023-12-31-0.06-0.04110.018931 
2024-08-08
2024-06-30-0.1-0.070.0330 
View All Earnings Estimates

Rigetti Stock Institutional Investors

Shares
Exoduspoint Capital Management, Lp2024-09-30
M
Atlantic Trust Group, Llc2024-06-30
800 K
Nuveen Asset Management, Llc2024-06-30
758.2 K
Comprehensive Financial Management Llc2024-09-30
736.5 K
Susquehanna International Group, Llp2024-06-30
601.7 K
Goldman Sachs Group Inc2024-06-30
482.7 K
Bank Of New York Mellon Corp2024-06-30
410.7 K
Jane Street Group Llc2024-06-30
197.5 K
Two Sigma Investments Llc2024-09-30
153.1 K
Blackrock Inc2024-06-30
8.9 M
American Assets Investment Management2024-09-30
8.1 M
Note, although Rigetti Computing's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Rigetti Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 334.6 M.

Rigetti Profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets(0.47)(0.49)
Return On Capital Employed(0.55)(0.52)
Return On Assets(0.47)(0.49)
Return On Equity(0.69)(0.65)

Management Efficiency

Rigetti Computing has return on total asset (ROA) of (0.2606) % which means that it has lost $0.2606 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5146) %, meaning that it created substantial loss on money invested by shareholders. Rigetti Computing's management efficiency ratios could be used to measure how well Rigetti Computing manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.49. The Rigetti Computing's current Return On Capital Employed is estimated to increase to -0.52. As of now, Rigetti Computing's Net Tangible Assets are increasing as compared to previous years. The Rigetti Computing's current Intangibles To Total Assets is estimated to increase to 0.15, while Total Assets are projected to decrease to under 115.7 M.
Last ReportedProjected for Next Year
Book Value Per Share 0.83  0.87 
Tangible Book Value Per Share 0.83  0.87 
Enterprise Value Over EBITDA(2.31)(2.43)
Price Book Value Ratio 1.19  1.25 
Enterprise Value Multiple(2.31)(2.43)
Price Fair Value 1.19  1.25 
Enterprise Value139.2 M132.2 M
Understanding the operational decisions made by Rigetti Computing management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Operating Margin
(7.29)
Beta
2.138
Return On Assets
(0.26)
Return On Equity
(0.51)

Technical Drivers

As of the 26th of November, Rigetti Computing holds the Coefficient Of Variation of 584.19, semi deviation of 4.4, and Risk Adjusted Performance of 0.1402. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Rigetti Computing, as well as the relationship between them.

Rigetti Computing Price Movement Analysis

Execute Study
The output start index for this execution was eleven with a total number of output elements of fifty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Rigetti Computing middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Rigetti Computing. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Rigetti Computing Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Rigetti Computing insiders, such as employees or executives, is commonly permitted as long as it does not rely on Rigetti Computing's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Rigetti Computing insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Johnson Ray O few days ago
Acquisition by Johnson Ray O of 113821 shares of Rigetti Computing subject to Rule 16b-3
 
Fitzgerald Alissa over a month ago
Disposition of 8000 shares by Fitzgerald Alissa of Rigetti Computing at 0.272 subject to Rule 16b-3
 
Fitzgerald Alissa over two months ago
Disposition of 17294 shares by Fitzgerald Alissa of Rigetti Computing at 0.8 subject to Rule 16b-3
 
David Rivas over three months ago
Disposition of 638 shares by David Rivas of Rigetti Computing at 0.87 subject to Rule 16b-3
 
Fitzgerald Alissa over three months ago
Disposition of 20000 shares by Fitzgerald Alissa of Rigetti Computing at 0.82 subject to Rule 16b-3
 
Fitzgerald Alissa over three months ago
Disposition of 20000 shares by Fitzgerald Alissa of Rigetti Computing at 1.09 subject to Rule 16b-3
 
Richard Danis over three months ago
Acquisition by Richard Danis of 100802 shares of Rigetti Computing at 0.272 subject to Rule 16b-3
 
Fitzgerald Alissa over three months ago
Disposition of 50000 shares by Fitzgerald Alissa of Rigetti Computing at 1.0 subject to Rule 16b-3
 
Fitzgerald Alissa over six months ago
Acquisition by Fitzgerald Alissa of 30000 shares of Rigetti Computing at 0.272 subject to Rule 16b-3
 
Brian Sereda over six months ago
Disposition of 8822 shares by Brian Sereda of Rigetti Computing at 0.97 subject to Rule 16b-3
 
Subodh Kulkarni over six months ago
Acquisition by Subodh Kulkarni of 500000 shares of Rigetti Computing subject to Rule 16b-3
 
Subodh Kulkarni over six months ago
Acquisition by Subodh Kulkarni of 1000000 shares of Rigetti Computing subject to Rule 16b-3

Rigetti Computing Outstanding Bonds

Rigetti Computing issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Rigetti Computing uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Rigetti bonds can be classified according to their maturity, which is the date when Rigetti Computing has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Rigetti Computing Predictive Daily Indicators

Rigetti Computing intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Rigetti Computing stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Rigetti Computing Forecast Models

Rigetti Computing's time-series forecasting models are one of many Rigetti Computing's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Rigetti Computing's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Rigetti Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Rigetti Computing prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Rigetti shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Rigetti Computing. By using and applying Rigetti Stock analysis, traders can create a robust methodology for identifying Rigetti entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(6.25)(6.57)
Operating Profit Margin(6.02)(6.32)
Net Loss(6.25)(6.57)
Gross Profit Margin 0.77  0.50 

Current Rigetti Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Rigetti analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Rigetti analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
3.5Strong Buy5Odds
Rigetti Computing current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Rigetti analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Rigetti stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Rigetti Computing, talking to its executives and customers, or listening to Rigetti conference calls.
Rigetti Analyst Advice Details

Rigetti Stock Analysis Indicators

Rigetti Computing stock analysis indicators help investors evaluate how Rigetti Computing stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Rigetti Computing shares will generate the highest return on investment. By understating and applying Rigetti Computing stock analysis, traders can identify Rigetti Computing position entry and exit signals to maximize returns.
Begin Period Cash Flow57.9 M
Total Stockholder Equity109.6 M
Property Plant And Equipment Net52.1 M
Cash And Short Term Investments99.9 M
Shares Float165.9 M
Cash21.4 M
200 Day M A1.1769
50 Day M A1.0923
Total Current Liabilities29.1 M
Interest Expense5.8 M
Stock Based Compensation12.4 M
Common Stock Shares Outstanding132 M
Free Cash Flow-59.6 M
Operating Income-71.3 M
Other Current Assets2.7 M
Accounts Payable5.8 M
Net Debt9.2 M
Depreciation9.1 M
Other Operating Expenses83.3 M
Non Current Assets Total52.2 M
E P S Estimate Current Quarter-0.09
Total Current Assets107.7 M
Liabilities And Stockholders Equity159.9 M
Non Currrent Assets Other129 K

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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