Rigetti Computing (NASDAQ:RGTI - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Rigetti Computing to post earnings of ($0.08) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Rigetti Computing (NASDAQ:RGTI - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. The business had revenue of $3.09 million during the quarter, compared to analyst estimates of $3.53 million. Rigetti Computing had a negative net margin of 538.72% and a negative return on equity of 54.61%. During the same period in the prior year, the firm posted ($0.13) earnings per share. On average, analysts expect Rigetti Computing to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Rigetti Computing Stock Down 0.9 %
Shares of NASDAQ RGTI traded down $0.01 during trading hours on Tuesday, hitting $1.12. 4,906,409 shares of the stock were exchanged, compared to its average volume of 5,284,957. Rigetti Computing has a 12 month low of $0.66 and a 12 month high of $2.36. The firm has a fifty day moving average price of $0.92 and a 200-day moving average price of $1.01. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.03. The company has a market cap of $214.19 million, a PE ratio of -2.38 and a beta of 2.13.
Insider Activity
In related news, Director Helene Gail Sandford sold 43,200 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $0.82, for a total value of $35,424.00. Following the completion of the transaction, the director now owns 257,752 shares in the company, valued at $211,356.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.81% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. B. Riley began coverage on Rigetti Computing in a research note on Thursday, July 25th. They set a "buy" rating and a $3.00 target price on the stock. Needham & Company LLC dropped their price target on Rigetti Computing from $3.00 to $2.00 and set a "buy" rating on the stock in a research note on Friday, August 9th.
View Our Latest Analysis on RGTI
Rigetti Computing Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Rigetti Computing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigetti Computing wasn't on the list.
While Rigetti Computing currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
