Quantum computing: Rigetti shares now volatile after rocket launch!

Quantum computing: Rigetti shares now volatile after rocket launch!

Rigetti Computing, Inc. (ISIN: US76655K1034, WKN: A3DE3J, NASDAQ symbol: RGTI) is currently the subject of a stock analysis by “The Shareholder”. After a significant price increase in quantum computing stocks, the first declines are now evident. The stock lost 5% in premarket trading on Monday. These declines appear to be in the context of a strong rally that has taken place since November.

Rick Danis, Rigetti's former CEO, sold 500,000 shares in late December, netting at least $8 million. Since Danis is no longer an insider, he is required to report the sale of shares he received as compensation, but not the sales price itself. Since the quantum rally began in November, Rigetti's price has risen an impressive 1,600%. The company's current valuation is at a price-to-sales ratio (P/S) of 340. Analysts expect Rigetti's stock to remain volatile even after this rally aktiencheck.de reported.

Market development and competition analysis

On Monday, shares of Rigetti Computing rose 21%, resulting in a remarkable growth of almost 450% over the past four weeks. The company is outperforming its competitors in the quantum computing sector. For comparison, D-Wave Quantum saw a 15% gain and a 300% increase in the last month. Quantum computing as an industry in general showed a price increase of around 25% and a monthly growth rate of 250%. IonQ increased its share price by almost 6% and has a performance of 55% since mid-November.
– Submitted by West-East media