Rigetti Computing, Inc. (NASDAQ:RGTIW – Get Free Report)’s stock price was up 3% during mid-day trading on Wednesday . The company traded as high as $7.70 and last traded at $7.57. Approximately 55,702 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 149,457 shares. The stock had previously closed at $7.35.
Rigetti Computing Price Performance
The firm has a 50 day moving average price of $10.03 and a 200-day moving average price of $9.22.
About Rigetti Computing
Rigetti Computing is a quantum computing company that specializes in the design, development and deployment of superconducting quantum processors. The company’s core business centers on building quantum hardware and integrating it with classical computing resources to address complex computational problems. Rigetti’s technology is aimed at industries such as pharmaceuticals, finance, materials science and logistics, where quantum algorithms have the potential to deliver breakthroughs in optimization, simulation and machine learning.
At the heart of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which provides users with on-demand access to its quantum processing units (QPUs) and supporting software tools.
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