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Rigetti Computing Inc is engaged in the business of full-stack quantum computing. The company offers full-stack quantum computing platform as a cloud service to a wide range of end-users, directly through its Rigetti QCS platform, and also through cloud service providers. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, the company derives the majority of its revenue from the United States.
Rigetti Computing trades on the NASDAQ stock market under the symbol RGTI.
As of March 20, 2025, RGTI stock price declined to $8.99 with 61,153,764 million shares trading.
RGTI has a beta of 3.28, meaning it tends to be more sensitive to market movements. RGTI has a correlation of 0.08 to the broad based SPY ETF.
RGTI has a market cap of $2.57 billion. This is considered a Mid Cap stock.
Last quarter Rigetti Computing reported $2 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-226,000 and missed earnings estimates by -$.02.
In the last 3 years, RGTI traded as high as $21.42 and as low as $.36.
The top ETF exchange traded funds that RGTI belongs to (by Net Assets): VTI, IWM, PTF, QTUM, VXF.
RGTI has outperformed the market in the last year with a price return of +413.7% while the SPY ETF gained +10.7%. RGTI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.3% and +9.9%, respectively, while the SPY returned -2.9% and -3.0%, respectively.
RGTI support price is $8.99 and resistance is $10.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RGTI shares will trade within this expected range on the day.