Rigetti Computing (Rigetti Computing) 6-1 Month Momentum % : 29.90% (As of May. 12, 2024)

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What is Rigetti Computing 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Rigetti Computing's 6-1 Month Momentum % is 29.90%.

The industry rank for Rigetti Computing's 6-1 Month Momentum % or its related term are showing as below:

RGTI's 6-1 Month Momentum % is ranked better than
82.38% of 2474 companies
in the Hardware industry
Industry Median: 1.6 vs RGTI: 29.90

Competitive Comparison of Rigetti Computing's 6-1 Month Momentum %

For the Computer Hardware subindustry, Rigetti Computing's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rigetti Computing's 6-1 Month Momentum % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rigetti Computing's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Rigetti Computing's 6-1 Month Momentum % falls into.

Rigetti Computing (NAS:RGTI) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rigetti Computing (NAS:RGTI) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Rigetti Computing 6-1 Month Momentum % Related Terms

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Rigetti Computing (Rigetti Computing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Rigetti Computing Inc (NAS:RGTI) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

775 Heinz Avenue, Berkeley, CA, USA, 94710

Website

https://www.rigetti.com

Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.

Executives

Richard Danis	officer: General Counsel and Corp. Sec.	5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033
David Rivas	officer: SVP, Sys. and Serv. (Software)	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701
Thomas J Iannotti	director	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Alissa Fitzgerald	director	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Cathy L Mccarthy	director	1400 TOASTMASTER DRIVE, ELGIN IL 60120
Jeffrey A. Bertelsen	officer: Chief Financial Officer	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Mike Harburn	officer: SVP, Fabrication Ops. Hardware	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Chad Rigetti	director, officer: President and CEO	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Brian J Sereda	officer: Chief Financial Officer	3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Subodh K Kulkarni	officer: President and CEO	5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Supernova Partners Ii, Llc	other: Former 10% Owner	4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Gregory John Peters	officer: Chief Revenue Officer	C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Helene Gail Sandford	director	C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Amanda Sue Birch	officer: SVP, Technology Partnerships	C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Bessemer Venture Partners X L.p.	10 percent owner	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538