Rigetti Computing, Inc. (RGTI) shares surged 5.3% to $43.91, driven by $5.7 million in new commercial orders for its quantum systems. The company’s stock has gained 175.3% in the past four weeks, reflecting growing investor interest in quantum tech. Demand for Rigetti’s technology is rising, signaling progress towards real-world adoption.
The upcoming quarterly report for Rigetti Computing is expected to show a loss of $0.05 per share, a 37.5% increase from last year. Revenue is projected to reach $2.39 million, up 0.4%. The stock has a Zacks Rank #3 (Hold) with steady EPS estimates, indicating potential future strength in the company’s performance.
In contrast, Flywire (FLYW) saw its stock drop 5.9% to $12.68, with an upcoming EPS estimate of $0.19, down 36.7% from last year. Flywire carries a Zacks Rank of #4 (Sell), highlighting potential challenges ahead for the company in the internet software industry. Investors should monitor these trends for future insights.
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Read more at Nasdaq: Rigetti Computing (RGTI) Moves 5.3% Higher: Will This Strength Last?
