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0.000299638381624399 0.00153102899103966 0.00153102899103966 0.00153102899103966 0.00358334667339838 -0.000110825154847403 -0.0395194292914988 -0.0528553895914655
Stock impact report

Is It Too Late to Buy Rigetti Computing Stock? [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
Its current valuation is sky-high, even compared to other tech companies. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) stock took a sharp upturn after the end of the third quarter, apparently after investors heard that three billionaire hedge fund managers invested in the quantum computing company during the quarter. Rigetti is now up 3,220% over the last three years. That kind of growth is impressive, but it also raises the question of whether Rigetti is worth buying at today's prices. Rigetti's share price may be up big time, but its revenue isn't. At last report, revenue for the trailing-12-month period had actually declined 43% over the last three years and sat at just $7.5 million. The quantum computing company currently trades at over 1,000 times trailing sales. Now, valuation isn't the only factor that matters when investing in stocks. It's a single metric, and tech stocks often trade at higher valuations than stocks in other mar Show less Read more
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