Rigetti Computing (RGTI)

Financial Performance

Rigetti Computing's financial performance shows some concerning signs. The company reported a revenue of $2.4M last quarter, which is down by -22.9% from the previous quarter and down by -29.6% year over year. Their gross profit was $1.2M, showing a significant decrease of -39.5% from the previous quarter. The operating income profit also decreased to -$17.3M, down by -7.8% from the previous quarter and slightly down year over year (-0.8%). Rigetti's EBITDA ratio stands at -5.16 indicating the firm's struggle with profitability.

Stock Price

The stock price for Rigetti Computing is currently at $4.38, showing an impressive increase of 182.6% in just the last month and up by 321.2% on a yearly basis which indicates strong bullish sentiment among investors despite poor financial results recently reported by the company.The RSI value is at a high level of 85.39 suggesting that the stock may be in overbought territory while its PE ratio stands at -11.84 reflecting negative earnings.

Alternative Data Signals

The company's web traffic has seen a positive growth trend with an estimated monthly visitor count of 33651, up by 7.4%. This could indicate growing interest in their services or products but this needs to be substantiated with other data points such as conversion rates for it to have meaningful impact on stock performance analysis.The number of job openings remains unchanged indicating stable workforce demand.Rigetti Computing enjoys positive employee sentiment with approximately 65% reporting positive business outlook.Social media following is also growing steadily with Twitter followers increasing by about 7% in the last 90 days.

Conclusion

In conclusion, Rigetti Computing's stock shows a mix of bearish and bullish signals. While the recent financial performance is concerning with declining revenues and profits, the stock price has seen significant appreciation indicating investor confidence. Alternative data signals indicate a stable business outlook among employees and growing online interest. However, given the poor financial results, it seems that much of the positive sentiment around this stock may be based on future expectations rather than current performance. Therefore, caution is advised for potential investors.

Note: This AI Stock Analysis is based on data as of December 09. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Rigetti Computing (RGTI), currently trading at $15.44, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.