How to Buy Rigetti Computing Stock
Rigetti Computing Inc
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them.
Rigetti Computing stock last closed at $1.15, down 3.36% from the previous day, and has increased 141.09% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.05 percentage points. Rigetti Computing stock is currently +219.44% from its 52-week low of $0.36, and -66.47% from its 52-week high of $3.43.
At the moment, there are 158.88M shares of RGTI outstanding. The market cap of RGTI is $182.71M. In the last 24 hours, 3.02M RGTI shares were traded.
How to Buy Rigetti Computing Stock
Not sure how to invest in Rigetti Computing stock? Here's how.
- Decide where to buy Rigetti Computing stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Rigetti Computing stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Pick your method of payment and add your details.
- Analyze Rigetti Computing stock: The Rigetti Computing ticker symbol is RGTI. Is Rigetti Computing stock a good investment? Should you buy shares of RGTI? How do RGTI's underlying business fundamentals look? Do top analysts think Rigetti Computing is a good buy? Why has RGTI's stock price moved recently? (Hint: Our stock research website can help you decide if RGTI is a good stock to buy).
- Make your RGTI trade: Decide if you will purchase RGTI shares at the current market price or use a limit order to purchase RGTI stock at a specific price.
- Keep tabs on your RGTI position: Create a watchlist to get the latest news on your position in Rigetti Computing stock.
Step 1: Decide where to buy Rigetti Computing stock
You need a brokerage account to access the NASDAQ market and buy RGTI shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. eToro gives you:
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can invest in RGTI stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on the best stock broker app, you can securely and quickly fund your account:
Check out the walkthrough below if you need help transferring funds into your brokerage account.
Step 4: Analyze Rigetti Computing stock
After you have chosen the best place to buy Rigetti Computing stock, it's very important to research their stock prior to buying, so you can wrap your head around the risk as well as the upside.
Rigetti Computing shares at a glance
Fundamentals of Rigetti Computing
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on RGTI's stock page.
Is RGTI stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RGTI's true value.
Using relative valuations ratios:
- RGTI may be undervalued based on its P/B ratio of 1.67x, relative to Computer Hardware industry P/B ratio of 13.22x
You can access more valuation research on RGTI's stock here.
RGTI Financial Summary
Positive Financial Indicators:
- RGTI has cash burn of 59638000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the RGTI balance sheet.
- There are more short-term assets than long-term liabilities on the RGTI balance sheet.
- Total RGTI debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- RGTI has $99.93M in cash and short term investments. This is not enough to cover its annual cash burn of $59.64M.
- RGTI has a relatively high debt to equity ratio of 0.46.
- RGTI profit margin has gone down from -545.9% to -625.5% in the past year.
Is it a good time to buy Rigetti Computing stock, according to Wall Street analysts?
Out of 3 sell side analysts who monitor RGTI, the consensus analyst rating on RGTI is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Rigetti Computing stock forecast page.
RGTI Momentum
RGTI Growth Metrics
Last year, RGTI revenue was $12.01M. In the last five year, RGTI's revenue has increased by 74.82% per year. This was faster than the Computer Hardware industry average of 9.07%.
Learn more about RGTI's earnings and revenue performance here.
Who is buying/selling RGTI?
Over the last year, executives and large shareholders at RGTI have sold more shares than they have bought.
Richard Danis, GENERAL COUNSEL CORP. SEC. of RGTI, was the latest RGTI insider to sell. They sold $91,262.22 worth of RGTI stock on Mar 18, 2024.
Learn more about who owns RGTI stock here.
Does RGTI stock generate passive income?
No, Rigetti Computing doesn't provide an income stream by paying out dividends.
Get analysis from other traders
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Step 5: Make your RGTI trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open button and eToro will execute the order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your RGTI position
Now that you own some RGTI stock, you'll want to stay up-to-date on your new investment.
Put RGTI on a watchlist to see the latest developments about your RGTI stock.
RGTI Feed
How to Buy Stock in Rigetti Computing
To summarize, here are the 6 steps you need to take to buy Rigetti Computing stock right now:
- Decide where to buy Rigetti Computing stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Rigetti Computing stock
- Make your RGTI trade
- Keep tabs on your RGTI position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Rigetti Computing, add RGTI to your watchlist below.
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