Signal Says This is Quantum Name is a Prime Play for Bears

Rigetti Computing Inc (NASDAQ:RGTI) stock is 12.8% lower to trade at $9.78 this afternoon, earlier hitting an 18-month low of $9.19. The company has been sliding down the charts since its October 2025 record highs, now off 73% over the past 12 months. In fact, more losses could be in store for the quantum stock, per this bear signal now flashing.

RGTI sports a 50-day call/put volume ratio of 3.47 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands in the 94th percentile of readings from the past year. Over the last three years, there have been five instances in which the equity's 50-day buy-to-open call/put ratio crossed above 1.0 and moved into the 90th percentile.

Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock was lower one month later 60% of the time after these signals, averaging a 2.4% loss. A move of similar magnitude would place the shares back near the round $9 mark.

Echoing this, RGTI's Schaeffer's put/call open interest ratio (SOIR) of 0.75 sits in just the 13th percentile of its annual range, suggesting short-term option players have rarely been more call-heavy during the past 12 months.

There is plenty of room for downgrades as well. Heading into today, eight of the 12 covering brokerages sport a "buy" or "strong buy" recommendation. Plus, the average 12-month price target of $26.69 comes in at a 172% premium to current levels.