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RGTI Rising: Time to Buy or Watch?

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
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Rigetti Computing Inc.’s stocks have been trading up by 4.61 percent, driven by promising quantum computing advancements.

Key Highlights

  • A strategic partnership between Rigetti Computing and Quanta stirred attention, as this alliance aims to advance Rigetti’s quantum computing footprint. Though Quanta is known globally for its notebooks and servers, its entry into quantum computing shows confidence in Rigetti’s technology.

Candlestick Chart

Live Update At 16:03:01 EST: On Wednesday, April 02, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending up by 4.61%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Despite posting a quarterly earnings loss with an EPS of (68c), which was much lower than Wall Street’s expectations, Rigetti managed to rally investor interest by announcing a prominent, future-oriented collaboration with Quanta.

  • Alliance Global Partners raised Rigetti’s price target to $16 from $15, bolstered by the investment from Quanta. This move encouraged a renewed interest among optimistic investors looking for potential growth in the quantum sector.

A Quick Look at Rigetti’s Financial Performance

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Rigetti has recently been under the spotlight after revealing its Q4 and full-year 2024 financial results. The numbers weren’t exactly what investors wished to see, with the company reporting a substantial operating loss. The EPS of (68c) far exceeded the expected (6c), creating concern among many.

Interestingly, despite the disappointing earnings report, Rigetti is experiencing some positive momentum. How? Well, this surge in interest links to a new friendship—the partnership with Quanta. Quanta’s involvement signals possible innovation and expansion in Rigetti’s quantum computing platform.

Delving into Rigetti’s financial health, key ratios uncover more details. A note of concern is Rigetti’s negative profit margins—like the ebitmargin at -1852.5 and a pretaxprofitmargin of -1003.5. Nevertheless, it’s worth mentioning the company’s gross margin of 52.8, showing potential value despite ongoing struggles.

More Breaking News

Buoying their financial foundation, Rigetti boasts a strong current ratio of 17.4, showing it can easily cover its short-term obligations. The cash flow statements revealed $67.63M in cash reserves at the end of 2024, thanks to a positive change in working capital and significant cash inflow from Quanta’s strategic collaboration.

What Does This Mean for Rigetti on the Stock Market?

Rigetti’s current stock trajectory is a topic of intrigue. The mixed financial profile, ongoing partnership, and revised expectations mean there’s more to consider than just the earnings report loss. This information gives rise to intriguing debates.

The 5-minute candle chart shows spikes that coincide with news releases regarding the partnership with Quanta. This suggests that the market is more attuned to potential future prospects stemming from strategic initiatives than past performance figures. Rigetti’s stock, moving in fits and starts, reached a recent close of $8.49, revealing optimism, likely spurred by the partnership news.

When looking at earnings, questions about Rigetti’s pricing models drive analysis deeper. With high P/B and P/S ratios, evaluating true value becomes critical. The hope remains that Rigetti’s recent partnership places the company on a path towards achieving sustainability in revenue.

An Overview of Market Movement: Theories and Anticipation

Rigetti’s latest performance on the stock exchange narrates a tale of caution, curiosity, and potential. The partnership implies credibility and ambition, important for a player in the volatile technology sector. For those watching the quantum computing sphere, Rigetti’s pioneering partnership with Quanta indicates that despite setbacks, the company remains resilient in its mission to innovate.

As the week ended on Apr 2, 2025, fluctuations were evident on Rigetti’s stock charts. The initial drop turned upwards, paralleling announcements and partnerships that might drive substantial market interest moving forward. Positive price targets from analysts renewed hope, even amidst setbacks.

While some investors voiced skepticism due to challenging financial publications, others embraced the long-term promise within Rigetti’s strategy. Their calculated risk, amid alliances and market positioning, could forge now unforeseen pathways. This case of Rigetti Computing demonstrates not just the data and figures at a financial analyst’s disposal but the sentiment held by those anticipating the next ground-breaking leap in technology.

Conclusion

At present, Rigetti Computing Inc. seems perched on the brink of a fresh dynamism driven by strategic partnerships, despite its less-than-stellar recent earnings report. The roadmap reflects ambition, a nod to innovation, and a potential for capitalizing on burgeoning markets within quantum computing. Traders are left to ponder whether this rise reflects a new dawn or a cautious climb requiring further substantiation. As millionaire penny stock trader and teacher Tim Sykes says, “The goal is not to win every trade but to protect your capital and keep moving forward.” The ongoing conversation surrounding Rigetti is as much about future prospects as historical performance, with each news headline broadcasting how the ever-evolving scenarios influence stock market behavior.

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”