Transcription
I'm going to explain to you why Rigetti has some opportunity to struggle in the days ahead.
Even if the United States government wanted to prop them up and give them some funds, Rigetti's price-to-book ratio is reported at 27.2x, while its semiconductor industry peers have an average of 5.1. So, that basically means it's extremely expensive compared to its peers.
Alpha Spread states that RGTI is overvalued by 98%, which means yes, from $40, they would love to see this thing come back to $4.
The trailing margin numbers, which is the net margin, is reported at roughly -2000. We're talking about how much money and how fast they're burning it. They're making around $9.21 million in a period, while their operating losses are around 77 million, which largely seems unsustainable.
And so, if Washington handed them out $10 million every quarter, it really wouldn't be enough to sustain them.
Just want everybody investing in the quantum computing stocks to have a sober reality about what they're facing.