Rigetti Computing (RGTI) Set to Announce Earnings on Thursday

Rigetti Computing (NASDAQ:RGTI) will announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Rigetti Computing (NASDAQ:RGTI) last posted its earnings results on Thursday, May 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Rigetti Computing had a negative return on equity of 59.05% and a negative net margin of 563.97%. The company had revenue of $3.05 million for the quarter. During the same quarter in the prior year, the company posted ($0.19) EPS. 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 Up 6.3 %

Shares of NASDAQ RGTI opened at $0.85 on Wednesday. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.06. The company has a market cap of $145.48 million, a P/E ratio of -1.60 and a beta of 2.32. Rigetti Computing has a 52 week low of $0.75 and a 52 week high of $2.86. The business has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.27.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. B. Riley began coverage on shares of Rigetti Computing in a research note on Thursday, July 25th. They set a “buy” rating and a $3.00 price objective for the company. Benchmark restated a “buy” rating and set a $3.00 target price on shares of Rigetti Computing in a research report on Monday, May 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Rigetti Computing in a research report on Monday, May 13th.

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.