Rigetti Computing Stock Piotroski F Score

RGTI Stock  USD 2.40  0.20  9.09%   
This module uses fundamental data of Rigetti Computing to approximate its Piotroski F score. Rigetti Computing F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Rigetti Computing. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Rigetti Computing financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Rigetti Computing Altman Z Score, Rigetti Computing Correlation, Rigetti Computing Valuation, as well as analyze Rigetti Computing Alpha and Beta and Rigetti Computing Hype Analysis.
For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.
  
As of now, Rigetti Computing's Debt To Equity is increasing as compared to previous years. The Rigetti Computing's current Long Term Debt To Capitalization is estimated to increase to 0.09, while Short and Long Term Debt is projected to decrease to under 9.7 M. As of now, Rigetti Computing's Capex To Depreciation is increasing as compared to previous years. The Rigetti Computing's current PB Ratio is estimated to increase to 1.25, while Price To Sales Ratio is projected to decrease to 10.28.
At this time, it appears that Rigetti Computing's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Rigetti Computing Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Rigetti Computing is to make sure Rigetti is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Rigetti Computing's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Rigetti Computing's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.07270.0751
Sufficiently Down
Slightly volatile
Gross Profit Margin0.50.7668
Way Down
Very volatile
Total Current Liabilities19.5 M29.1 M
Way Down
Slightly volatile
Non Current Liabilities Total20.2 M21.3 M
Notably Down
Slightly volatile
Total Assets115.7 M159.9 M
Way Down
Slightly volatile
Total Current Assets74.5 M107.7 M
Way Down
Slightly volatile

Rigetti Computing F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Rigetti Computing's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Rigetti Computing in a much-optimized way.

About Rigetti Computing Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

0.87

As of now, Rigetti Computing's Book Value Per Share is increasing as compared to previous years.

Rigetti Computing ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Rigetti Computing's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Rigetti Computing's managers, analysts, and investors.
Environmental
Governance
Social

About Rigetti Computing Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Rigetti Computing's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rigetti Computing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rigetti Computing based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

When determining whether Rigetti Computing offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rigetti Computing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rigetti Computing Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rigetti Computing Stock:
Check out Rigetti Computing Altman Z Score, Rigetti Computing Correlation, Rigetti Computing Valuation, as well as analyze Rigetti Computing Alpha and Beta and Rigetti Computing Hype Analysis.
For more detail on how to invest in Rigetti Stock please use our How to Invest in Rigetti Computing guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rigetti Computing. If investors know Rigetti will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rigetti Computing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.37)
Revenue Per Share
0.073
Quarterly Revenue Growth
(0.23)
Return On Assets
(0.26)
Return On Equity
(0.51)
The market value of Rigetti Computing is measured differently than its book value, which is the value of Rigetti that is recorded on the company's balance sheet. Investors also form their own opinion of Rigetti Computing's value that differs from its market value or its book value, called intrinsic value, which is Rigetti Computing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rigetti Computing's market value can be influenced by many factors that don't directly affect Rigetti Computing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rigetti Computing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rigetti Computing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rigetti Computing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.