◆ NeutralRGTIRGTIW

Rigetti Turned $10,000 Into Over $81,000 in 3 Years -- and It's Still 73% Off Its High. Here's Why I Still Wouldn't Touch It.

The Motley Fool·
Rigetti Turned $10,000 Into Over $81,000 in 3 Years -- and It's Still 73% Off Its High. Here's Why I Still Wouldn't Touch It.

Rigetti Computing stock has delivered exceptional returns over three years despite being down 73% from its peak, driven by quantum computing sector optimism. However, the analyst warns against investing due to the company's extreme volatility, unprofitable operations ($28.1M operating loss on $5.1M revenue), significant cash burn ($32M in H1), and sky-high valuation of 375x sales, making it unsuitable for investors seeking portfolio stability.

Read Full Article at The Motley Fool
← Back to Financial Intelligence