Rigetti Computing (NASDAQ:RGTI – Get Rating) is one of 719 public companies in the “Holding & other investment offices” industry, but how does it contrast to its rivals? We will compare Rigetti Computing to related companies based on the strength of its risk, dividends, earnings, valuation, institutional ownership, analyst recommendations and profitability.
Valuation and Earnings
This table compares Rigetti Computing and its rivals revenue, earnings per share (EPS) and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Rigetti Computing | $13.10 million | -$71.52 million | -0.82 |
Rigetti Computing Competitors | $1.17 billion | -$5.72 million | -6.31 |
Rigetti Computing’s rivals have higher revenue and earnings than Rigetti Computing. Rigetti Computing is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Volatility & Risk
Analyst Ratings
This is a summary of recent ratings and price targets for Rigetti Computing and its rivals, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Rigetti Computing | 0 | 1 | 4 | 0 | 2.80 |
Rigetti Computing Competitors | 115 | 592 | 883 | 15 | 2.50 |
Rigetti Computing currently has a consensus price target of $2.17, indicating a potential upside of 313.64%. As a group, “Holding & other investment offices” companies have a potential upside of 71.81%. Given Rigetti Computing’s stronger consensus rating and higher possible upside, analysts clearly believe Rigetti Computing is more favorable than its rivals.
Institutional and Insider Ownership
43.3% of Rigetti Computing shares are owned by institutional investors. Comparatively, 66.3% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 0.5% of Rigetti Computing shares are owned by company insiders. Comparatively, 18.3% of shares of all “Holding & other investment offices” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Profitability
This table compares Rigetti Computing and its rivals’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Rigetti Computing | -473.75% | -45.25% | -33.03% |
Rigetti Computing Competitors | -48.76% | -66.88% | -1.61% |
Summary
Rigetti Computing rivals beat Rigetti Computing on 7 of the 13 factors compared.
Rigetti Computing Company Profile
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
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