Should you buy a post -profit decline in RIGETTI Computing stocks?

Rijtti Computing (RGTI) says his net loss is more than three times on an annual basis to approximately $ 40 million in the second quarter.

The shares of a quantum technology specialist increased by about 8 % on Friday as well because their revenues fell by more than 40 % on an annual basis as well.

Rigetti Computing shares have been a profitable investment over the past four months. Despite the last diving, more than 100 % rose against the lowest level in April.

According to Subodh Kulkarni, the CEO of RIGETTI, quantum technology can develop into a trillion dollar market annually in the long run.

In the next four years, “Our point of view is still in the research and development phase,” he said Baron In a recent interview.

Kulkarni notes RGTI shares make less materially attractive to possessing them, especially when it rises more than 150 % against its lowest level despite the slowdown of revenue at a rate that warns of risk.

Rigetti Computing raised about $ 350 million by offering shares in the second fiscal quarter, where she wiped its public budget for all debts.

But it is hardly positive for the company listed on the Nasdaq Stock Exchange since the offer has almost doubled the number of its hanging shares, which raised the risk of mitigation.

More importantly, the RIGETTI computing (P/S) is traded of prices at more than 480X when writing, indicating the estimation of excessive evaluation.

Investors should also notice that RGTI has not yet achieved quantitative superiority, which makes the theoretical of the D-WAVE (QBTS) a better investment than the RIGETTI computing stock for quantum technology.

Investors should also notice that Wall Street no longer sees more attention in RGTI shares from the current levels.

While the classification of consensus on Riftti Computing shares remains at “strong purchase”, the average goal is about $ 17.80 indicates only about 6.7 %.

On the date of publication, Wajeeh Khan did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com