Rigetti Computing (RGTI) closed at $11.48, down 4.73%, significantly underperforming the S&P 500's 1.21% loss. The stock has declined 24.71% over the past month.
While the company projects strong revenue growth of 99.64% for the upcoming quarter and 246.36% annually, earnings are expected to remain negative at -$0.05 per share. RGTI currently holds a Zacks Rank of #3 (Hold).