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 $0.51, up 3.01% from the previous day, and has decreased 91.93% in one year. It has underperformed other stocks in the Computer Hardware industry by 0.73 percentage points. Rigetti Computing stock is currently +10.78% from its 52-week low of $0.46, and -94.6% from its 52-week high of $9.52.
At the moment, there are 123.03M shares of RGTI outstanding. The market cap of RGTI is $63.24M. In the last 24 hours, 847,863 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
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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.
- Enter your personal info to create your new trading account.
- Send your data by pressing the "Create Account" button.
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 0.38x, relative to Computer Hardware industry P/B ratio of 7.54x
You can access more valuation research on RGTI's stock here.
RGTI Financial Summary
Positive Financial Indicators:
- RGTI has $161.14M in cash and short term investments. This is enough to cover its annual cash burn of $85.90M.
- 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.
- RGTI has cash burn of 85896254. It has sufficient cash and short-term investments to cover this for at least one year.
- RGTI has a low debt to equity ratio of 0.28.
Negative Financial Indicators:
- RGTI profit margin has gone down from N/A to -527.5% in the past year.
Is it a good time to buy RGTI stock, according to analysts?
Out of 4 Wall Street analysts who give ratings on RGTI, the consensus analyst rating on RGTI is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent RGTI Analyst Upgrades/Downgrades
David Williams, a bottom 6% analyst from Benchmark reiterates RGTI with a strong buy rating and maintains their RGTI price target from $4.00 to $4.00, on Feb 21, 2023.
Quinn Bolton, a top 1% analyst from Needham maintains RGTI with a buy rating and lowers their RGTI price target from $11.00 to $3.00, on Nov 15, 2022.
Sidney Ho, a top 1% analyst from Deutsche Bank downgrades RGTI to a hold rating and lowers their RGTI price target from $10.00 to $2.00, on Nov 10, 2022.
An analyst from Needham initiates coverage on RGTI with a buy rating and announces their RGTI price target of $11.00, on Jun 8, 2022.
Krish Sankar, a top 10% analyst from Cowen & Co. initiates coverage on RGTI with a buy rating, on May 27, 2022.
You can dig deeper into what analysts are saying on the Rigetti Computing stock forecast page.
RGTI Trading Indicators
Is RGTI Making Money?
Last year, RGTI revenue was $12.58M. Over the last two year, RGTI's revenue has grown by 35.85% per year. This was faster than the Computer Hardware industry average of 22.03%.
Dig into RGTI's earnings and revenue performance here.
Who is buying/selling RGTI?
Over the last year, insiders at RGTI have sold more shares than they have bought.
Alissa Fitzgerald, Director of RGTI, was the latest RGTI insider to sell. They sold $5,287.68 worth of RGTI stock on Feb 8, 2023.
Dig into more about who owns RGTI stock here.
Can I get consistent income from RGTI stock?
No, Rigetti Computing doesn't provide an income stream by paying out dividends.
What do other investors have to say about RGTI?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your RGTI trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Hit the Open button and your broker will place your order.
If you require more help investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your RGTI position
Now that you own some shares in RGTI, you'll want to stay up-to-date on your new shares.
Start a watchlist to get the latest updates about your RGTI stock.
RGTI Feed
How to Buy Stock in Rigetti Computing
To reiterate, here are the 6 steps to buy Rigetti Computing stock:
- 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 need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get updates on your investment in Rigetti Computing, hit the button below to create your watchlist.
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