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

Rigetti Computing (NASDAQ:RGTI) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Rigetti Computing (NASDAQ:RGTI) last issued its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Rigetti Computing had a negative net margin of 538.72% and a negative return on equity of 54.61%. The firm had revenue of $3.09 million during the quarter, compared to analyst estimates of $3.53 million. During the same quarter last year, the business earned ($0.13) earnings per share. 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

NASDAQ RGTI opened at $1.51 on Friday. The firm has a market cap of $288.77 million, a P/E ratio of -3.21 and a beta of 2.13. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $0.96 and its 200-day moving average is $1.01. Rigetti Computing has a 12-month low of $1.13 and a 12-month high of $1.62.

Insiders Place Their Bets

In other news, Director Helene Gail Sandford sold 43,200 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $0.82, for a total transaction of $35,424.00. Following the completion of the transaction, the director now directly owns 257,752 shares in the company, valued at $211,356.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Needham & Company LLC dropped their target price on Rigetti Computing from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. B. Riley started coverage on Rigetti Computing in a report on Thursday, July 25th. They set a “buy” rating and a $3.00 price objective on the stock.

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.