Rigetti Computing (RGTI) Scheduled to Post Quarterly Earnings on Thursday

Rigetti Computing (NASDAQ:RGTI) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Rigetti Computing to post earnings of ($0.08) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Rigetti Computing (NASDAQ:RGTI) last issued its earnings results on Thursday, March 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $3.38 million during the quarter. Rigetti Computing had a negative return on equity of 59.51% and a negative net margin of 625.42%. On average, analysts expect Rigetti Computing to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rigetti Computing Stock Performance

Shares of RGTI opened at $1.31 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.71 and a quick ratio of 3.71. Rigetti Computing has a 12-month low of $0.36 and a 12-month high of $3.43. The business’s fifty day moving average price is $1.55 and its 200 day moving average price is $1.28. The stock has a market capitalization of $208.13 million, a PE ratio of -2.26 and a beta of 2.43.

Insider Activity

In related news, General Counsel Richard Danis sold 46,326 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.97, for a total value of $91,262.22. Following the sale, the general counsel now owns 1,052,141 shares of the company’s stock, valued at approximately $2,072,717.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 75,599 shares of company stock valued at $142,830. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RGTI has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Rigetti Computing in a research report on Friday, March 15th. Alliance Global Partners began coverage on Rigetti Computing in a report on Friday, March 1st. They set a “buy” rating and a $3.50 target price for the company.

About Rigetti Computing

Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.