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Stock impact report

Up 2,400%, Should You Buy Rigetti Computing Right Now? [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
And Rigetti Computing (NASDAQ: RGTI) is a standout even among some of the most impressive gains, with the stock rising more than 2,400% since January 2023. But as we all know, all that glitters is not gold. There are some very good reasons to avoid Rigetti right now, even as its stock price surges. Here are three of them. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » One glaring issue with buying Rigetti stock right now is that the company has virtually no sales. Fine, to be fair, it had $1.9 million in revenue in the first quarter. But that was down 18% from the year-ago quarter. Falling sales for a so-called growth stock is a big red flag. With such low sales, it shouldn't come as a surprise that Rigetti isn't profitable. The company reported a generally accepted accounting principles ( GAAP) net loss of $201 million in Q3. So, when can investors expe Show less Read more
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