Rigetti Computing, Inc. (RGTI)Technology | Computer Hardware | Berkeley, United States | NasdaqCM
15.36 USD
-1.18
(-7.134%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:13 a.m. EDT
The long-term outlook remains deeply bearish due to deteriorating fundamentals. Despite a massive one-year price recovery, the underlying business is failing; revenue has contracted by 34%, operating cash flow is severely negative, and the company is burning capital without generating returns. The valuation metrics are absurd, trading at nearly 550 times sales with negative earnings, which confirms the market views this as a high-risk speculative vehicle rather than a viable enterprise. The recent price surge appears to be a temporary relief rally fueled by hype rather than operational improvement. In the short term, the situation is precarious. The stock is trading well below its 50-day and 200-day moving averages, indicating significant downward pressure from technical traders. While there is a heavy concentration of call options at higher strikes suggesting some investors are betting on a sudden, explosive reversal, the fundamental reality of shrinking revenues and cash burn makes such a move unlikely without a major external catalyst. The statistical forecasting model offers no directional guidance, reinforcing the view that the price action is currently driven by noise and speculation. For a rational investor, the combination of a shrinking business and a fragile technical structure warrants avoidance. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.207619 |
| AutoETS | 0.216331 |
| AutoTheta | 0.219965 |
| AutoARIMA | 0.223031 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 3.10 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.375 |
| Excess Kurtosis | -0.58 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 1.162 |
| Revenue per Share | 0.031 |
| Market Cap | 5,105,645,568 |
| Forward P/E | -76.38 |
| Beta | 1.96 |
| Website | https://www.rigetti.com |
As of July 11, 2026, 6:13 a.m. EDT: Speculators are positioning for a binary event rather than steady appreciation. Call open interest is heavily concentrated at strikes significantly above the current price (20, 21, 23, 30), creating a massive 'wall' of resistance that suggests a speculative bet on a massive gap-up. Conversely, put open interest is stacked at lower strikes (12, 14, 16, 17), indicating a hedge against a drop to the recent lows. The implied volatility is elevated across the board, reflecting uncertainty about whether the stock will find a floor or attempt a moonshot rally. The lack of volume at deep out-of-the-money strikes suggests the market is waiting for a catalyst to break the deadlock.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.29522324 |
| Address1 | 775 Heinz Avenue |
| All Time High | 58.15 |
| All Time Low | 0.36 |
| Ask | 19.43 |
| Ask Size | 2 |
| Audit Risk | 7 |
| Average Daily Volume10 Day | 23,472,640 |
| Average Daily Volume3 Month | 42,154,477 |
| Average Volume | 42,154,477 |
| Average Volume10Days | 23,472,640 |
| Beta | 1.957 |
| Bid | 12.01 |
| Bid Size | 1 |
| Board Risk | 6 |
| Book Value | 1.756 |
| City | Berkeley |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 15.36 |
| Current Ratio | 6.985 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 16.3 |
| Day Low | 15.15 |
| Debt To Equity | 1.162 |
| Display Name | Rigetti Computing |
| Earnings Call Timestamp End | 1,778,533,200 |
| Earnings Call Timestamp Start | 1,778,533,200 |
| Earnings Quarterly Growth | -0.223 |
| Earnings Timestamp | 1,778,529,600 |
| Earnings Timestamp End | 1,778,529,600 |
| Earnings Timestamp Start | 1,778,529,600 |
| Ebitda | -80,024,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -58.66 |
| Enterprise To Revenue | 468.668 |
| Enterprise Value | 4,694,182,912 |
| Eps Current Year | -0.18444 |
| Eps Forward | -0.20111 |
| Eps Trailing Twelve Months | -0.89 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 20.1572 |
| Fifty Day Average Change | -4.7972 |
| Fifty Day Average Change Percent | -0.23798941 |
| Fifty Two Week Change Percent | 29.522324 |
| Fifty Two Week High | 58.15 |
| Fifty Two Week High Change | -42.79 |
| Fifty Two Week High Change Percent | -0.7358555 |
| Fifty Two Week Low | 12.165 |
| Fifty Two Week Low Change | 3.1949997 |
| Fifty Two Week Low Change Percent | 0.2626387 |
| Fifty Two Week Range | 12.165 - 58.15 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,619,098,200,000 |
| Float Shares | 327,662,124 |
| Forward Eps | -0.20111 |
| Forward P E | -76.37611 |
| Free Cashflow | -6,209,875 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 162 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.29952 |
| Gross Profits | 3,000,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.017070001 |
| Held Percent Institutions | 0.56362 |
| Implied Shares Outstanding | 332,398,807 |
| Industry | Computer Hardware |
| Industry Disp | Computer Hardware |
| Industry Key | computer-hardware |
| Ipo Expected Date | 2,022-03-02 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California. |
| Long Name | Rigetti Computing, Inc. |
| Market | us_market |
| Market Cap | 5,105,645,568 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_270093415 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | -225,720,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 5,105,645,675 |
| Number Of Analyst Opinions | 12 |
| Open | 16.16 |
| Operating Cashflow | -61,108,000 |
| Operating Margins | -5.8979497 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 510 210 5550 |
| Pre Market Change | 0.19010067 |
| Pre Market Change Percent | 1.2376345 |
| Pre Market Price | 15.5501 |
| Pre Market Time | 1,784,027,168 |
| Previous Close | 16.54 |
| Price Eps Current Year | -83.27911 |
| Price Hint | 2 |
| Price To Book | 8.747152 |
| Price To Sales Trailing12 Months | 509.74896 |
| Profit Margins | 0.0 |
| Quick Ratio | 6.83 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -1.18 |
| Regular Market Change Percent | -7.13423 |
| Regular Market Day High | 16.3 |
| Regular Market Day Low | 15.15 |
| Regular Market Day Range | 15.15 - 16.3 |
| Regular Market Open | 16.16 |
| Regular Market Previous Close | 16.54 |
| Regular Market Price | 15.36 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 26,236,233 |
| Return On Assets | -0.12092 |
| Return On Equity | -0.57092 |
| Revenue Growth | 1.989 |
| Revenue Per Share | 0.031 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 332,398,807 |
| Shares Percent Shares Out | 0.17639999 |
| Shares Short | 58,632,870 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 62,144,031 |
| Short Name | Rigetti Computing, Inc. |
| Short Percent Of Float | 0.17709999 |
| Short Ratio | 1.38 |
| Source Interval | 15 |
| State | CA |
| Symbol | RGTI |
| Target High Price | 40.0 |
| Target Low Price | 20.0 |
| Target Mean Price | 29.64583 |
| Target Median Price | 30.0 |
| Total Cash | 418,246,016 |
| Total Cash Per Share | 1.258 |
| Total Debt | 6,783,000 |
| Total Revenue | 10,016,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.89 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 23.68695 |
| Two Hundred Day Average Change | -8.326951 |
| Two Hundred Day Average Change Percent | -0.3515417 |
| Type Disp | Equity |
| Volume | 26,236,233 |
| Website | https://www.rigetti.com |
| Zip | 94,710 |