Comparing Project Energy Reimagined Acquisition (NASDAQ:PEGR) and Rigetti Computing (NASDAQ:RGTI)

Project Energy Reimagined Acquisition (NASDAQ:PEGR) and Rigetti Computing (NASDAQ:RGTI) are both small-cap unclassified companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, analyst recommendations, earnings, dividends, institutional ownership and profitability.

Profitability

This table compares Project Energy Reimagined Acquisition and Rigetti Computing’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Project Energy Reimagined Acquisition	N/A	N/A	N/A
Rigetti Computing	-625.42%	-59.51%	-41.47%

Volatility and Risk

Project Energy Reimagined Acquisition has a beta of 0.03, meaning that its stock price is 97% less volatile than the S&P 500. Comparatively, Rigetti Computing has a beta of 2.43, meaning that its stock price is 143% more volatile than the S&P 500.

Earnings & Valuation

This table compares Project Energy Reimagined Acquisition and Rigetti Computing’s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Project Energy Reimagined Acquisition	N/A	N/A	N/A	N/A	N/A
Rigetti Computing	$12.01 million	16.80	-$75.11 million	($0.58)	-2.19

Project Energy Reimagined Acquisition has higher earnings, but lower revenue than Rigetti Computing.

Analyst Ratings

This is a summary of recent ratings for Project Energy Reimagined Acquisition and Rigetti Computing, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Project Energy Reimagined Acquisition	0	0	0	0	N/A
Rigetti Computing	0	0	3	0	3.00

Rigetti Computing has a consensus target price of $3.17, indicating a potential upside of 149.34%. Given Rigetti Computing’s higher probable upside, analysts clearly believe Rigetti Computing is more favorable than Project Energy Reimagined Acquisition.

Institutional & Insider Ownership

95.5% of Project Energy Reimagined Acquisition shares are owned by institutional investors. Comparatively, 35.4% of Rigetti Computing shares are owned by institutional investors. 16.4% of Project Energy Reimagined Acquisition shares are owned by insiders. Comparatively, 2.6% of Rigetti Computing shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Project Energy Reimagined Acquisition beats Rigetti Computing on 5 of the 9 factors compared between the two stocks.

About Project Energy Reimagined Acquisition

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector. Project Energy Reimagined Acquisition Corp. was incorporated in 2021 and is based in Menlo Park, California.

About Rigetti Computing

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service. It also provides quantum cloud services that provides various range of support in programming, public or private clouds integration, and connectivity, as well as quantum operating system software that supports both public and private cloud architectures. In addition, the company offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. It has operations in the United States and the United Kingdom. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.