Rigetti Computing Inc. (RGTI) is at the forefront of the quantum computing revolution, committed to democratizing access to groundbreaking quantum technologies across a variety of industries, including finance, pharmaceuticals, and logistics. With a portfolio that includes cutting-edge quantum processors and a sophisticated cloud platform, Rigetti enables organizations to integrate quantum algorithms with existing computing infrastructures, significantly enhancing their computational abilities. The company's robust focus on research and development ensures its continued leadership in the sector, positioning Rigetti to play a pivotal role in the advancement of high-performance computing solutions for a diverse range of applications.
| Revenue (TTM) | $13.35M |
| Gross Profit (TTM) | $4.62M |
| EBITDA | $-87.23M |
| Operating Margin | -546.00% |
| Return on Equity | -43.80% |
| Return on Assets | -9.45% |
| Revenue/Share (TTM) | $0.04 |
| Book Value | $1.61 |
| Price-to-Book | 9.94 |
| Price-to-Sales (TTM) | 315.70 |
| EV/Revenue | 371.15 |
| EV/EBITDA | 1.29 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 185.30% |
| Shares Outstanding | $333.77M |
| Float | $327.96M |
| % Insiders | 1.74% |
| % Institutions | 54.35% |
Volatility is currently expanding
RGTI's shares have plunged 21% in a month, as widening losses and valuation concerns clash with strong liquidity, government funding and quantum growth prospects.
Quantum computing stocks are bouncing back after a dilution scare rattled the group. IonQ (NYSE:IONQ | IONQ Price Prediction) stock is up 3% to $32.51, leading the rebound early in the session despite a 28% decline year to date.
IonQ (NYSE:IONQ | IONQ Price Prediction) stock is trading at $32.76, down 6%, after the quantum company priced a $2 billion equity offering.
Rigetti Computing is transitioning from speculative hype to tangible progress, with operational milestones now driving its investment narrative. RGTI's $100 million U.S. government R&D funding and new commercial orders, like the $8.4 million C-DAC deal, signal growing validation and potential scalability. Despite a high P/S ratio of 347 and negative operating margins, RGTI's $541 million cash position and zero debt provide a financial cushion for continued growth.
RGTI targets longer coherence times in its 108-qubit Cepheus system through chip redesigns and materials innovations to improve quantum computing reliability.
IonQ (NYSE:IONQ | IONQ Price Prediction) stock is at $36.19, down 9% in morning trading, after the quantum computing company agreed to buy a cybersecurity business using its own shares as currency.
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.
Quantinuum, backed by Honeywell's continued majority-voting stake, is still working through post-IPO price discovery following its June Nasdaq debut. IBM's quantum bet is funded by its much larger, profitable core business, giving it a longer runway than smaller pure-play competitors.
In the most recent trading session, Rigetti Computing, Inc. (RGTI) closed at $14.61, indicating a -3.72% shift from the previous trading day.
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