Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report)’s share price shot up 8.6% during mid-day trading on Monday . The stock traded as high as $11.96 and last traded at $11.06. 231,601 shares traded hands during trading, an increase of 51% from the average session volume of 153,094 shares. The stock had previously closed at $10.18.
Rigetti Computing Price Performance
The firm’s 50 day simple moving average is $8.95 and its 200-day simple moving average is $10.04.
Rigetti Computing Company Profile
Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.
At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.
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