Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.
FAIL · Does not pass the screen
15.27 USD
At the last full screen 2026-09-11
Screened 2026-09-11 · the tape above runs as of 05:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Rigetti Computing, Inc. holds its Markdown at $15.27. The statistical read favours the sellers, held for 5 days.
As held on the ledger · 2026-09-11
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 5 days
Price at the screen
$15.27
Valuation
N/A trailing · -74.49 forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.01
The Workings
Five Screens, Shown in Full
Does not pass. Revenue purity
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
1.08%
Below 33%
Interest-bearing debt is just 1.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
21.95%
Below 33%
Cash held in interest-bearing accounts and securities is 22.0% of assets, under the one-third limit.
Pass
Receivables
7.11%
Below 49%
Money owed to the company is 7.1% of assets, under the 49% limit.
Pass
Revenue purity
233.65%
Below 5%
233.6% of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 96.5% margin of safety to the base estimate.
Third-party analyst targets: 12 covering, consensus Buy. The average target sits +96% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Quantum Computing Promise Collides With Heavy Losses
Picture a lab racing to build machines that could one day crack problems no ordinary computer can touch. Rigetti is one of those labs, posting 199 percent revenue growth while still posting zero profit margins and a negative 57 percent return on equity. The business clears the ethical screen, yet our opportunity rating sits at none because the financials remain too fragile to justify a position.
Forward earnings sit at a deeply negative 70 times, which tells the real story of cash still flowing out the door. Analysts may cluster around a 30 dollar target, yet that view ignores how little visibility exists on when, or if, the technology scales into steady profits. The unknown moat leaves the firm exposed to bigger players who can outspend and out-engineer it.
Risk sits high because revenue growth alone does not fix negative returns or the long road to commercial traction in quantum hardware. Currency swings and funding needs add further pressure in a field where breakthroughs are rare and delays common. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
RGTI trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-11Markdown · changed$16.94+2.5%Entry 5
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 2.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are up 73%. Our forward projection puts the odds of a 10% gain over the next month near 49%. The street (12 analysts) rates it none, with a mean price target of $29.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 21.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are up 73%. Our forward projection puts the odds of a 10% gain over the next month near 49%. The street (12 analysts) rates it none, with a mean price target of $29.
2026-07-18Markup$20.98+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is momentum reading bullish. Over the past year the shares are up 73%. Our forward projection puts the odds of a 10% gain over the next month near 49%. The street (12 analysts) rates it none, with a mean price target of $29.
2026-07-03Markup$20.98+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$20.98Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
