Rigetti Computing, Inc. (RGTI)Technology | Computer Hardware | Berkeley, United States | NasdaqCM
11.68 USD
-1.10
(-8.607%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 11.65 -0.03 (-0.030%) ⇩ (Oct. 14, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 7:07 a.m. EDT
The long-term investment case is fundamentally broken. Despite a recent statistical anomaly showing a massive price surge, the underlying business is deteriorating rapidly. The company is burning cash with negative operating margins and a return on equity of nearly -44%. The valuation is absurd, trading at 350 times sales with no path to profitability visible in the forward estimates. This is a classic value trap where the market is paying a premium for a speculative technology story while the fundamentals crumble. The recent price action appears to be a speculative bubble detached from reality, likely fueled by hype around quantum computing rather than sustainable earnings power. For the short term, the setup is volatile and dangerous. While the options data reveals heavy speculation on a massive upside move, the underlying weakness makes any rally fragile. The stock is trading well below its 50-day and 200-day averages, confirming a downtrend that has recently been interrupted by a sharp, likely unsustainable spike. The heavy put writing suggests smart money is hedging against a failure of the catalyst driving the recent rally. Given the high beta and negative earnings, this is a high-risk momentum play with a low probability of survival as a core holding. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.111347 |
| AutoETS | 0.115558 |
| AutoTheta | 0.341612 |
| AutoARIMA | 0.427795 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 0.24 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.170 |
| Excess Kurtosis | -0.38 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 1.433 |
| Revenue per Share | 0.04 |
| Market Cap | 3,898,418,944 |
| Forward P/E | -56.70 |
| Beta | 2.03 |
| Website | https://www.rigetti.com |
As of Oct. 10, 2026, 7:07 a.m. EDT: Speculators are aggressively positioning for a massive gap-up event, evidenced by massive open interest walls at strikes like $18, $20, $30, and $35 across multiple expirations. Call volume is heavily skewed out-of-the-money, suggesting bets on a binary outcome rather than steady appreciation. Conversely, put writers are establishing significant defensive walls at $14-$16, indicating a fear of a sharp rejection or a 'sell the news' event if the anticipated catalyst fails to materialize. The implied volatility surface shows extreme spikes at deep out-of-the-money strikes, reflecting a market pricing in a high-variance, low-probability boom-or-bust scenario.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.73358345 |
| Address1 | 775 Heinz Avenue |
| All Time High | 58.15 |
| All Time Low | 0.36 |
| Ask | 30.0 |
| Ask Size | 1 |
| Audit Risk | 7 |
| Average Daily Volume10 Day | 13,673,070 |
| Average Daily Volume3 Month | 17,751,377 |
| Average Volume | 17,751,377 |
| Average Volume10Days | 13,673,070 |
| Beta | 2.027 |
| Bid | 12.77 |
| Bid Size | 5 |
| Board Risk | 7 |
| Book Value | 1.611 |
| City | Berkeley |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 11.68 |
| Current Ratio | 3.944 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 12.39 |
| Day Low | 11.55 |
| Debt To Equity | 1.433 |
| Display Name | Rigetti Computing |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,050,000 |
| Earnings Call Timestamp Start | 1,786,050,000 |
| Earnings Timestamp | 1,786,046,400 |
| Earnings Timestamp End | 1,794,340,800 |
| Earnings Timestamp Start | 1,794,340,800 |
| Ebitda | -87,229,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -40.267 |
| Enterprise To Revenue | 263.043 |
| Enterprise Value | 3,512,410,880 |
| Eps Current Year | -0.187 |
| Eps Forward | -0.206 |
| Eps Trailing Twelve Months | -0.77 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 16.0568 |
| Fifty Day Average Change | -4.3768005 |
| Fifty Day Average Change Percent | -0.27258235 |
| Fifty Two Week Change Percent | -73.358345 |
| Fifty Two Week High | 55.16 |
| Fifty Two Week High Change | -43.48 |
| Fifty Two Week High Change Percent | -0.78825235 |
| Fifty Two Week Low | 11.55 |
| Fifty Two Week Low Change | 0.13000011 |
| Fifty Two Week Low Change Percent | 0.011255421 |
| Fifty Two Week Range | 11.55 - 55.16 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,619,098,200,000 |
| Float Shares | 327,964,508 |
| Forward Eps | -0.206 |
| Forward P E | -56.69903 |
| Free Cashflow | 26,453,624 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 162 |
| Fullday Change | -1.1300001 |
| Fullday Change Percent | -8.841942 |
| Fullday Price | 11.68 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.34614 |
| Gross Profits | 4,622,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01737 |
| Held Percent Institutions | 0.5435 |
| Implied Shares Outstanding | 333,768,747 |
| 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 | 3,898,418,944 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_270093415 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -238,672,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 5,341,968,795 |
| Number Of Analyst Opinions | 12 |
| Open | 12.341 |
| Operating Cashflow | -60,716,000 |
| Operating Margins | -5.4616604 |
| Overall Risk | 8 |
| Phone | 510 210 5550 |
| Post Market Change | -0.030000687 |
| Post Market Change Percent | -0.2568552 |
| Post Market Price | 11.65 |
| Post Market Time | 1,792,022,387 |
| Previous Close | 12.78 |
| Price Eps Current Year | -62.459892 |
| Price Hint | 2 |
| Price To Book | 7.2501554 |
| Price To Sales Trailing12 Months | 291.9508 |
| Profit Margins | 0.0 |
| Quick Ratio | 3.784 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -1.1 |
| Regular Market Change Percent | -8.60719 |
| Regular Market Day High | 12.39 |
| Regular Market Day Low | 11.55 |
| Regular Market Day Range | 11.55 - 12.39 |
| Regular Market Open | 12.341 |
| Regular Market Previous Close | 12.78 |
| Regular Market Price | 11.68 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 25,246,719 |
| Return On Assets | -0.094519995 |
| Return On Equity | -0.43765 |
| Revenue Growth | 1.853 |
| Revenue Per Share | 0.04 |
| Sand P52 Week Change | 0.1570785 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 333,768,747 |
| Shares Percent Shares Out | 0.19680001 |
| Shares Short | 65,671,238 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 58,908,223 |
| Short Name | Rigetti Computing, Inc. |
| Short Percent Of Float | 0.1976 |
| Short Ratio | 3.99 |
| Source Interval | 15 |
| State | CA |
| Symbol | RGTI |
| Target High Price | 40.0 |
| Target Low Price | 17.3 |
| Target Mean Price | 28.525 |
| Target Median Price | 30.0 |
| Total Cash | 393,708,992 |
| Total Cash Per Share | 1.18 |
| Total Debt | 7,701,000 |
| Total Revenue | 13,353,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.77 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 17.974825 |
| Two Hundred Day Average Change | -6.2948246 |
| Two Hundred Day Average Change Percent | -0.35020226 |
| Type Disp | Equity |
| Volume | 25,246,719 |
| Website | https://www.rigetti.com |
| Zip | 94,710 |