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Rigetti Computing (RGTI-Q)
NASDAQ:RGTI
13.59
0.13
(0.95%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 4 opinions in the last 12 months.
Rigetti Computing (RGTI-Q) is currently experiencing significant scrutiny from various experts due to its position in the volatile quantum computing sector, described as being in a hype cycle. The company's revenue is expected to be minimal at around $11 million next year, compared to its considerable market capitalization of $2.5 billion, raising concerns regarding its financial sustainability. Major industry figures, including Nvidia's CEO, have conveyed skepticism about the viability of quantum computing in the near term, leading to recommendations to sell or take profits. Experts emphasize the speculative nature of the stock, highlighting its massive negative cash flow and the high risks it entails. While the potential for growth in the quantum computing sector exists, many believe that the risks currently outweigh the benefits, advising caution and waiting for better indicators of financial health.
$10.040
No
Quantum computing now is in a classic hype cycle. Don't take any options. Take some profits. There's a lot of volatility in this space; these companies are not profitable. But in a few years, you will wish you had got in on the ground floor.
RGTI is in the quantum computing space so it is getting a lot of attention currently. Revenues are fairly low with $11 mln expected next year compared to the market cap at $2.5 bln. The company is losing money currently. We would view it as high risk and speculative.and we would consider it one to watch only. The quantum computing space is the current 'hot' sector, but commercialization is years awy. RGTI has massive negative cash flow. It does have $80M cash. We would consider it very very risky at this point. If quantum is going to be 'the next big thing' there will be lots of time to buy this. We would like to see higher revenues and cash flow at least getting towards break even. Certainly the stock could still move higher on momentum and speculation, but we cannot justify purchase on any fundamentals.
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Small revenue base, losing a lot of money.
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Rigetti Computing(RGTI-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 4
Rigetti Computing(RGTI-Q) Frequently Asked Questions
What is Rigetti Computing stock symbol?
Rigetti Computing is a American stock, trading under the symbol RGTI-Q on the NASDAQ (RGTI). It is usually referred to as NASDAQ:RGTI or RGTI-Q
Is Rigetti Computing a buy or a sell?
In the last year, 4 stock analysts published opinions about RGTI-Q. 2 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Rigetti Computing.
Is Rigetti Computing a good investment or a top pick?
Rigetti Computing was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Rigetti Computing.
Why is Rigetti Computing stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Rigetti Computing worth watching?
4 stock analysts on Stockchase covered Rigetti Computing In the last year. It is a trending stock that is worth watching.
What is Rigetti Computing stock price?
On 2025-02-05, Rigetti Computing (RGTI-Q) stock closed at a price of $13.59.
Nvidia CEO, Jensen Huang, said that quantum computing has a long way to go, which crushed quantum computing stocks today. This sector got overheated. These stocks have even more downside ahead. They're losing tons of money and have zero or very little revenue. Frothy and excessive. RGTI was $1 just last October. It's not too late to sell.