Rigetti Computing Stock Today
| RGTI Stock | USD 1.74 0.26 17.57% |
Performance12 of 100
| Odds Of DistressLess than 41
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Rigetti Computing is trading at 1.74 as of the 25th of November 2024. This is a 17.57 percent increase since the beginning of the trading day. The stock's open price was 1.48. Rigetti Computing has about a 41 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Rigetti Computing are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 22nd of April 2021 | Category Technology | Classification Information Technology |
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. The company has 192.3 M outstanding shares of which 25.67 M shares are at this time shorted by private and institutional investors with about 4.28 trading days to cover. More on Rigetti Computing
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Rigetti Stock Highlights
| President CEO | Subodh Kulkarni | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, Information Technology, Electronic Equipment, Instruments & Components, Computer Hardware, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsRigetti Computing can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Rigetti Computing's financial leverage. It provides some insight into what part of Rigetti Computing's total assets is financed by creditors.
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Rigetti Computing (RGTI) is traded on NASDAQ Exchange in USA. It is located in 775 Heinz Avenue, Berkeley, CA, United States, 94710 and employs 134 people. Rigetti Computing is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 334.6 M. Rigetti Computing conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 192.3 M outstanding shares of which 25.67 M shares are at this time shorted by private and institutional investors with about 4.28 trading days to cover.
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.
Check Rigetti Computing Probability Of Bankruptcy
Ownership AllocationRigetti Computing owns a total of 192.3 Million outstanding shares. 30% of Rigetti Computing outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Rigetti Ownership Details
Rigetti Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Exoduspoint Capital Management, Lp | 2024-09-30 | 1 M | |
| Atlantic Trust Group, Llc | 2024-06-30 | 800 K | |
| Nuveen Asset Management, Llc | 2024-06-30 | 758.2 K | |
| Comprehensive Financial Management Llc | 2024-09-30 | 736.5 K | |
| Susquehanna International Group, Llp | 2024-06-30 | 601.7 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 482.7 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 410.7 K | |
| Jane Street Group Llc | 2024-06-30 | 197.5 K | |
| Two Sigma Investments Llc | 2024-09-30 | 153.1 K | |
| Blackrock Inc | 2024-06-30 | 8.9 M | |
| American Assets Investment Management | 2024-09-30 | 8.1 M |
Rigetti Computing Historical Income Statement
Rigetti Stock Against Markets
Rigetti Computing Corporate Management
| Michael Harburn | Chief Officer | Profile | |
| Greg Peters | Chief Officer | Profile | |
| Andrew Bestwick | Senior Systems | Profile | |
| Richard Danis | General Secretary | Profile | |
| Lou DeSorbo | Chief Officer | Profile | |
| Mike Pelstring | Senior Engineering | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rigetti Computing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rigetti Computing. If investors know Rigetti will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rigetti Computing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.37) | Revenue Per Share 0.073 | Quarterly Revenue Growth (0.23) | Return On Assets (0.26) | Return On Equity (0.51) |
The market value of Rigetti Computing is measured differently than its book value, which is the value of Rigetti that is recorded on the company's balance sheet. Investors also form their own opinion of Rigetti Computing's value that differs from its market value or its book value, called intrinsic value, which is Rigetti Computing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rigetti Computing's market value can be influenced by many factors that don't directly affect Rigetti Computing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rigetti Computing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rigetti Computing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rigetti Computing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.