--- title: "Rigetti Computing (NASDAQ:RGTI) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS" description: "Rigetti Computing (NASDAQ:RGTI) reported a quarterly loss of $0.14 per share, missing analysts' estimates by $0.06. The company had a negative return on equity and net margin. Revenue for the quarter " type: "news" locale: "en" url: "https://longbridge.com/en/news/203899141.md" published_at: "2024-05-11T03:15:28.000Z" --- # Rigetti Computing (NASDAQ:RGTI) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS > Rigetti Computing (NASDAQ:RGTI) reported a quarterly loss of $0.14 per share, missing analysts' estimates by $0.06. The company had a negative return on equity and net margin. Revenue for the quarter was $3.05 million. Insiders have been selling shares, and the stock price has been declining. Overall, it was a disappointing earnings report for Rigetti Computing. Rigetti Computing (NASDAQ:RGTI - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06), Zacks reports. The firm had revenue of $3.05 million during the quarter. Rigetti Computing had a negative return on equity of 59.51% and a negative net margin of 625.42%. During the same quarter last year, the firm posted ($0.19) EPS. Get **Rigetti Computing** alerts: ## Rigetti Computing Price Performance Shares of RGTI stock traded down $0.12 on Friday, hitting $1.16. 3,713,836 shares of the stock traded hands, compared to its average volume of 4,059,189. The firm has a market cap of $184.30 million, a price-to-earnings ratio of -2.00 and a beta of 2.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $1.28. Rigetti Computing has a 52 week low of $0.44 and a 52 week high of $3.43. ## Analysts Set New Price Targets RGTI has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $3.00 target price on shares of Rigetti Computing in a research note on Friday, March 15th. Alliance Global Partners began coverage on shares of Rigetti Computing in a report on Friday, March 1st. They set a "buy" rating and a $3.50 price target on the stock. **Read Our Latest Research Report on RGTI** ## Insiders Place Their Bets In other news, General Counsel Richard Danis sold 46,326 shares of the company's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $1.97, for a total value of $91,262.22. Following the completion of the transaction, the general counsel now owns 1,052,141 shares of the company's stock, valued at $2,072,717.77. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 75,599 shares of company stock worth $142,830. Corporate insiders own 2.60% of the company's stock. ## Rigetti Computing Company Profile (Get Free Report) 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. ## Read More - Five stocks we like better than Rigetti Computing - How Technical Indicators Can Help You Find Oversold Stocks - Bounce Alert: 3 Large Caps With RSIs Too Good To Ignore - What is Forex and How Does it Work? - Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive - 3 Natural Gas Stocks That Offer Great Dividend Yields - JFrog Stock Gets Punished for Solid Results: Buy the Dip *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Do This Today BEFORE Biden Wins in November (From Stansberry Research) (Ad)## Should you invest $1,000 in Rigetti Computing right now? Before you consider Rigetti Computing, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigetti Computing wasn't on the list. 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