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Rigetti Computing Inc
NASDAQ:RGTI

Watchlist Manager
Rigetti Computing Inc
NASDAQ:RGTI
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Price: 1.11 USD -5.93% Market Closed
Updated: Dec 6, 2022

Intrinsic Value

The intrinsic value of one RGTI stock under the Base Case scenario is 2.4 USD. Compared to the current market price of 1.11 USD, Rigetti Computing Inc is Undervalued by 54%.

The Intrinsic Value is calculated as the average of the two valuation methods:

RGTI Intrinsic Value
Base Case
2.4 USD
Undervaluation 54%
Intrinsic Value
Price
R
Worst Case
Base Case
Best Case

Fundamental Analysis

RGTI Profitability Score
Profitability Due Diligence

Rigetti Computing Inc's profitability score is 22/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative 3-Year Average ROIC
Negative Free Cash Flow
Negative Operating Income
22/100
Profitability
Score

Rigetti Computing Inc's profitability score is 22/100. The higher the profitability score, the more profitable the company is.

RGTI Solvency Score
Solvency Due Diligence

Rigetti Computing Inc's solvency score is 63/100. The higher the solvency score, the more solvent the company is.

Low Interest Coverage
Average Altman Z-Score
Low D/E
Short-Term Liabilities
63/100
Solvency
Score

Rigetti Computing Inc's solvency score is 63/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
-68%
Gross Margin
-677%
Operating Margin
-434%
Net Margin
-544%
FCF Margin
-22%
ROE
-43%
ROIC
Other

RGTI Capital Structure
Rigetti Computing Inc

Market Capitalization 130M USD
Total Debt 25.2M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 184M USD
Short-Term Investments 0 USD
Enterprise Value -28.8M USD

Wall St
Price Targets

RGTI Price Targets Summary
Rigetti Computing Inc

Wall Street analysts forecast RGTI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for RGTI is 2.55 USD with a low forecast of 2.02 USD and a high forecast of 3.15 USD.

Lowest
Price Target
2.02 USD
82% Upside
Average
Price Target
2.55 USD
130% Upside
Highest
Price Target
3.15 USD
184% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

RGTI Competitors
Rigetti Computing Inc

RGTI Suppliers & Customers
Rigetti Computing Inc

Rigetti Computing Inc has 3 key suppliers from 2 countries and 3 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Retail industry.

Rigetti Computing Inc has 5 key customers from 3 countries and 5 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Ownership

RGTI Insider Trading
Buy and sell transactions by insiders

Rigetti Computing Inc insiders have sold more shares than they have bought in the past 12 months.

During the last 12 months Rigetti Computing Inc insiders bought 3.1M USD , and sold 11.7M USD worth of shares. The last transaction was made on Dec 6, 2022 by Fitzgerald Alissa (Director), who sold 21.3k USD worth of RGTI shares.

Sold
0-3
months
119k USD
1
3-6
months
11.6M USD
4
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
1
3.1M USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
119k USD
N/A
-118.6k
6 Months
11.7M USD
N/A
-11.7M
9 Months
11.7M USD
N/A
-11.7M
12 Months
11.7M USD
3.1M USD
-8.6M
Purchases
2
Sales
40
Why is insider trading important?

Shareholder Return

RGTI Price
Rigetti Computing Inc

1M 1M
-34%
6M 6M
-85%
1Y 1Y
-89%
3Y 3Y
-89%
5Y 5Y
-89%
Annual Price Range
1.11
52w Low
1.11
52w High
10.24
Price Metrics
Average Annual Return
N/A
Standard Deviation of Annual Returns
N/A
Max Drawdown -89%
Shares Statistics
Market Capitalization 130M USD
Shares Outstanding 121 329 000
Percentage of Shares Shorted
N/A

Company Profile

Rigetti Computing Inc

Country

United States of America

Industry

Semiconductors

Market Cap

130M USD

Dividend Yield

0%

Description

Rigetti Computing, Inc. provides full-stack quantum computing services. The company is headquartered in Berkeley, California. The company went IPO on 2021-03-02. The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for practical quantum computing. The company has developed a multi-chip quantum processor for scalable quantum computing systems. The company designs and manufactures its chips in-house at Fab-1, which is an integrated quantum device manufacturing facility. Its quantum operating systems are QUIL and Quil-T. Its software tools include PyQuil, Quilc and QVM. The firm supports integration with a variety of classical resources through network application programming interface (API). The API provide access to core quantum operating system functions such as user authentication, system service authorization, circuit submission, circuit scheduling and concurrency.

Contact

CALIFORNIA
Berkeley
775 Heinz Avenue
+15102105550.0

IPO

2021-03-02

Employees

-

Officers

Founder
Dr. Chad Rigetti
Chief Financial Officer
Mr. Brian J. Sereda
Interim CEO, Pres, Gen. Counsel & Corp. Sec.
Mr. Richard Danis
Chief Technology Officer
Mr. Michael Harburn
Sr. VP of HR
Ms. Jackie Kaweck
Sr. VP of Engineering
Mr. Mike Pelstring
Show More
Sr. VP of Systems & Services
Mr. David Rivas
Chief Revenue Officer
Mr. Greg Peters
Chief Security Officer
Mr. Lou DeSorbo
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one RGTI stock?

The intrinsic value of one RGTI stock under the Base Case scenario is 2.4 USD.

Is RGTI stock undervalued or overvalued?

Compared to the current market price of 1.11 USD, Rigetti Computing Inc is Undervalued by 54%.