Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock is on the rise, driven by positive analyst ratings that highlight the company’s technological advancements and robust financial standing. Despite a significant 41.6% drop in Q2 revenue, analysts are optimistic about Rigetti’s future, pointing to its strategic roadmap, the successful development of a 36-qubit quantum processor, and strong cash reserves. However, there is a note of caution due to increased insider selling, which tempers the otherwise bullish sentiment.
More about Rigetti Computing
YTD Price Performance: -19.00%
Average Trading Volume: 51,618,102
Technical Sentiment Signal: Buy
Current Market Cap: $5.23B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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