Why Rigetti Computing Inc Rgti Declined On Tuesday

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) were down 1.2% during mid-day trading on Wednesday . The company traded as low as $21.93 and last traded at $22.15. Approximately 23,055,970 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 69,407,094 shares. The stock had previously closed at $22.41. RGTI has been the topic of a number of research analyst reports.

B. Riley cut their target price on Rigetti Computing from $42.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 12th. Jefferies Financial Group assumed coverage on Rigetti Computing in a research note on Tuesday, December 16th. They set a "hold" rating and a $30.00 target price on the stock. Wedbush initiated coverage on shares of Rigetti Computing in a report on Wednesday, December 17th. They issued an "outperform" rating and a $35.00 price target on the stock.

Alliance Global Partners restated a "buy" rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Finally, Williams Trading set a $40.00 price objective on shares of Rigetti Computing in a research report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.22. The firm has a 50-day simple moving average of $28.89 and a 200-day simple moving average of $23.88. The stock has a market cap of $7.31 billion, a PE ratio of -17.04 and a beta of 1.68.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing's revenue was down 18.1% on a year-over-year basis. On average, research analysts expect that Rigetti Computing, Inc. will post -0.34 earnings per share for the current year.

In other news, Director Helene Gail Sandford sold 62,000 shares of the firm's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $44.89, for a total value of $2,783,180.00. Following the completion of the transaction, the director directly owned 120,371 shares in the company, valued at approximately $5,403,454.19. This trade represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Rigetti Computing Inc (NASDAQ:RGTI) shares are trading lower Tuesday morning, a day after the quantum computing firm surged to a new all-time high.

Here’s what investors need to know. What To Know: Tuesday’s decline comes amid a broader market downturn, with a lack of negative company-specific news to account for the reversal. Tech stocks, in particular, are facing selling pressure as broader indexes look to retest recent lows. Tuesday’s negative sentiment is being fueled by lingering concerns over U.S.-China trade tensions and domestic economic uncertainty, which has prompted a wider risk-off mood among investors. Rigetti’s 170% surge over the past month is backed by strong fundamentals and key strategic wins. A price target increase from Benchmark to $50 ignited the rally, which is further supported by the company’s solid financial position, including $21 million in 2025 contracts and a $571 million cash reserves.

Key partnerships, like one with Nvidia, and a clear focus on its 1,000+ qubit roadmap have fueled investor confidence. Recent contracts with the U.S. Air Force and UK’s National Quantum Computing Centre are also serving as validation of its chiplet architecture and its four-year technology roadmap. On Tuesday, Rigetti Computing Inc.’s stocks have been trading down by -8.1 percent amid concerns over technology volatility. Live Update At 12:04:39 EST: On Tuesday, September 02, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -8.1%!

Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. It’s been a tough quarter for Rigetti Computing. Their revenue numbers fell short, amplifying concerns among investors. The profits dried up, and losses mounted. Revenue for the period sat at $10.79M, a sore number for analysts who expected much more promising figures. The gross margin painted a glimmer of hope at 40.6%, yet overshadowed by the grim profitability margins.

The EBIT margin hit rock bottom at -2065%, leaving investors scratching their heads. Despite these setbacks, the balance sheet still provides some comfort. Cash reserves are sitting at $57.18M, ensuring they keep the wheels turning for now. Their short-term liabilities are manageable, thanks in part to a current ratio of 41.6. But with a leverage ratio of 1.2 and total equity heavily tied to volatile external investments, many wonder about their financial strategy. A glance at the cash flow statement reveals some more telling challenges.

Rigetti burnt through piles of cash, with investments seeming more like cash drains rather than cash seeds. Some investors are waiting, watching and hoping their high-stake gambits to future-proof the company turn the tide soon. We recently published an article titled Massive Sell-Offs Just Hit These 10 Stocks Today. In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against the other stocks. Wall Street’s main indices finished mixed on Tuesday, as investors digested the country’s latest inflation figures, which came out lower than expected.

On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021. Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent. Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs. Daily stocks & crypto headlines, free to your inbox

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