Rigetti Computing, Inc. (RGTI)

NASDAQ: RGTI · IEX Real-Time Price · USD
1.530
-0.010 (-0.65%)
At close: Mar 28, 2024, 4:00 PM
1.540
+0.010 (0.65%)
After-hours: Mar 28, 2024, 6:42 PM EDT

Total Valuation

RGTI has a market cap or net worth of $243.60 million. The enterprise value is $174.23 million.

Market Cap 243.60M
Enterprise Value 174.23M

Important Dates

The last earnings date was Thursday, March 14, 2024, after market close.

Earnings Date Mar 14, 2024
Ex-Dividend Date n/a

Share Statistics

RGTI has 158.18 million shares outstanding. The number of shares has increased by 29.01% in one year.

Shares Outstanding 158.18M
Shares Change (YoY) +29.01%
Shares Change (QoQ) +4.87%
Owned by Insiders (%) 5.14%
Owned by Institutions (%) 38.40%
Float 129.41M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 20.29
Forward PS 14.93
PB Ratio 2.22
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 14.51
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 3.71, with a Debt / Equity ratio of 0.28.

Current Ratio 3.71
Quick Ratio 3.61
Debt / Equity 0.28
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -12.00

Financial Efficiency

Return on equity (ROE) is -63.90% and return on invested capital (ROIC) is -51.58%.

Return on Equity (ROE) -63.90%
Return on Assets (ROA) -44.50%
Return on Capital (ROIC) -51.58%
Revenue Per Employee $89,612
Profits Per Employee -$560,500
Employee Count 134
Asset Turnover 0.07
Inventory Turnover n/a

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +178.18% in the last 52 weeks. The beta is 2.50, so RGTI's price volatility has been higher than the market average.

Beta (1Y) 2.50
52-Week Price Change +178.18%
50-Day Moving Average 1.53
200-Day Moving Average 1.48
Relative Strength Index (RSI) 43.69
Average Volume (30 Days) 6,841,959

Short Selling Information

The latest short interest is 13.55 million, so 8.57% of the outstanding shares have been sold short.

Short Interest 13.55M
Short Previous Month 13.53M
Short % of Shares Out 8.57%
Short % of Float 10.47%
Short Ratio (days to cover) 1.24

Income Statement

In the last 12 months, RGTI had revenue of $12.01 million and -$75.11 million in losses. Loss per share was -$0.57.

Revenue 12.01M
Gross Profit 9.21M
Operating Income -72.30M
Pretax Income -75.11M
Net Income -75.11M
EBITDA -60.22M
EBIT -69.33M
Loss Per Share -$0.57
Full Income Statement

Balance Sheet

The company has $99.93 million in cash and $30.57 million in debt, giving a net cash position of $69.36 million or $0.44 per share.

Cash & Cash Equivalents 99.93M
Total Debt 30.57M
Net Cash 69.36M
Net Cash Per Share $0.44
Equity / Book Value 109.59M
Book Value Per Share 0.69
Working Capital 78.62M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$50.58 million and capital expenditures -$9.06 million, giving a free cash flow of -$59.64 million.

Operating Cash Flow -50.58M
Capital Expenditures -9.06M
Free Cash Flow -59.64M
FCF Per Share -$0.45
Full Cash Flow Statement

Margins

Gross margin is 76.68%, with operating and profit margins of -602.06% and -625.47%.

Gross Margin 76.68%
Operating Margin -602.06%
Pretax Margin -625.47%
Profit Margin -625.47%
EBITDA Margin -501.50%
EBIT Margin -577.35%
FCF Margin -496.65%

Dividends & Yields

RGTI does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -29.01%
Shareholder Yield -29.01%
Earnings Yield -30.83%
FCF Yield -24.48%

Analyst Forecast

The average price target for RGTI is $2.75, which is 79.74% higher than the current price. The consensus rating is "Strong Buy".

Price Target $2.75
Price Target Difference 79.74%
Analyst Consensus Strong Buy
Analyst Count 4
Revenue Growth Forecast (5Y) 70.72%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

RGTI has an Altman Z-Score of -0.96 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.96
Piotroski F-Score 3