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Will Rigetti Dominate the Quantum Race?Quantum computing represents the ultimate technological frontier. Rigetti Computing (NASDAQ: RGTI) currently commands intense market attention. On May 20, 2026, the company signed a letter of intent with the US Department of Commerce. The non-binding LOI covers up to $100 million in CHIPS Act funding over three years. The funding aims to accelerate superconducting quantum computing R&D.
However, the deal carries important nuances investors must understand. The arrangement contemplates the Department receiving an equity stake in Rigetti. Newly issued common stock will price at a 15% discount to the lowest closing price on specified dates. The structure remains subject to negotiation of definitive agreements. We must analyze Rigetti across multiple domains to understand its true potential.
Geopolitics and Geostrategy
Nations view quantum computing as a vital strategic asset. The US Department of Commerce aggressively backs domestic superconducting players like Rigetti. The CHIPS Act move directly counters foreign technological dominance, particularly from China. Policymakers want to secure a localized quantum supply chain.
Commerce Secretary Howard Lutnick stated the investments will create high-paying jobs. He emphasized advancing American innovation in emerging technologies. Rigetti CEO Dr. Subodh Kulkarni cited quantum computing's impact on national security and economic prosperity. Rigetti integrates deeply into federal and defense programs.
The strategic alignment provides immense geopolitical leverage. The US considers quantum supremacy a national security imperative. Rigetti stands at the forefront of the geopolitical quantum chessboard. The company maintains active contracts with the Air Force and the National Quantum Computing Centre in the UK.
Macroeconomics and Economics
Capital constraints often hinder deep-tech ventures. However, Rigetti already maintains a fortress balance sheet entering the LOI discussions. The company held $569 million in cash, cash equivalents, and available-for-sale investments as of March 31, 2026. Rigetti also carries zero debt on its balance sheet.
Q1 2026 operating cash burn reached $16.2 million, up from $13.7 million in Q1 2025. The federal LOI adds incremental capital but introduces dilution risk through the Commerce equity stake. Investors must weigh the funding benefit against shareholder dilution potential carefully.
Broader economic trends favor heavily subsidized domestic tech sectors. High interest rates typically crush speculative growth stocks. Yet, government incentives partially shield Rigetti from harsh macroeconomic headwinds. The firm enjoys a unique economic moat through CHIPS Act backing.
Industry Trends and High-Tech
The quantum industry demands massive scale. Competitors like IBM, Google, and IonQ boast vast resources. Rigetti must navigate formidable scaling challenges to survive. The market shifts toward practical, fault-tolerant quantum systems.
Rigetti focuses specifically on superconducting quantum processors using a chiplet-based modular architecture. The specialization enables rapid high-tech iterations. The company launched general availability of its Cepheus-1-108Q system in Q1 2026. Cepheus-1-108Q combines twelve interconnected 9-qubit chiplets into a single 108-qubit system.
The industry demands strict execution consistency. Rigetti aims to smooth over past operational bumps. Targeted federal capital accelerates the high-tech maturation process. The company also announced plans to invest up to $100 million in the UK toward a system exceeding 1,000 qubits over three to four years.
Technology and Science
Superconducting architectures define Rigetti's core scientific approach. The systems require extreme cryogenic environments. They operate at temperatures colder than deep space.
Researchers constantly push the boundaries of quantum coherence. Managing qubit error rates remains a monumental scientific challenge. Rigetti currently delivers 99.1% median two-qubit gate fidelity on its 108-qubit system. The company targets 99.5% fidelity later in 2026 to enable broader commercial applications.
Furthermore, Rigetti achieved 99.8% median two-qubit gate fidelity on its 9-qubit systems using an adiabatic CZ gate. Rigetti designs and manufactures its chips at Fab-1, its dedicated quantum device manufacturing facility. The underlying physics demands absolute precision. Rigetti translates theoretical quantum mechanics into tangible commercial hardware.
Cybersecurity
Quantum computers threaten current cryptographic standards. Sufficiently powerful quantum machines could eventually break classical RSA and ECC encryption. Rigetti plays a crucial role in defensive cybersecurity research.
Federal defense programs require robust quantum-resistant cryptographic strategies. Rigetti hardware helps researchers develop post-quantum cryptographic protocols. The global race for quantum security is completely existential for national infrastructure.
Rigetti supplies the necessary computing power to test these defenses. Securing national data relies directly on the quantum hardware evolution. NIST finalized its first post-quantum cryptography standards in 2024, validating the urgency of the threat.
Business Models, Management, and Leadership
Rigetti operates a highly complex hybrid business model. The company blends hardware manufacturing with cloud-based quantum access. Cepheus-1-108Q runs on Rigetti Quantum Cloud Services, Amazon Braket, Microsoft Azure Quantum, and qBraid simultaneously.
CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen lead the executive team. Management faces intense pressure to deliver consistent scaling milestones. Q1 2026 revenue rose to $4.4 million from $1.5 million in Q1 2025, a 193% year-over-year increase.
The executive team prioritizes deep supply chain resilience and government contracts. Rigetti expects to recognize the remainder of a $5.7 million Novera QPU order in Q2 2026. An $8.4 million C-DAC contract for an on-premises 108-qubit system in India will recognize revenue in Q4 2026. Effective leadership bridges the gap between pure science and commercialization.
Company Culture, Innovation, and Patent Analysis
A culture of relentless innovation drives Rigetti forward. The company attracts top-tier physicists and engineers globally. They collaborate to solve unprecedented engineering bottlenecks.
Rigetti aggressively patents its superconducting breakthroughs. A robust patent portfolio protects valuable intellectual property in qubit design, chiplet integration, and quantum control systems. The patent moat creates a formidable barrier to entry for incoming rivals.
Innovation thrives under the mandate of federal backing. Cantor Fitzgerald and Craig-Hallum both maintain Buy ratings with $30 price targets on the stock. The latest analyst consensus price target sits at approximately $29.24 per share. Rigetti fosters an environment where scientific risk yields commercial reward.
Investor Risks to Monitor
Investors evaluating Rigetti must weigh significant execution and dilution risks. Key risks include:
LOI dilution: equity stake to Commerce at 15% discount to lowest closing price
Definitive agreement negotiations could alter or delay the LOI terms
Operating cash burn accelerated to $16.2M in Q1 2026 (vs $13.7M Q1 2025)
Two-qubit gate fidelity must improve from 99.1% to 99.5% on the 108Q system
Revenue remains lumpy and customer-concentration risk exists
Competition from IBM, Google, IonQ, and D-Wave intensifies daily
Quantum computing valuations carry extreme sentiment-driven volatility
Stock currently trades above InvestingPro Fair Value estimates
Conclusion
Rigetti Computing holds a pivotal position in the global quantum ecosystem. The May 20, 2026 CHIPS Act LOI solidifies its immediate strategic path forward. However, investors must factor in the dilution mechanics tied to the Commerce equity stake.
The $569 million existing cash position combined with the Cepheus-1-108Q commercial launch provides genuine execution momentum. Q1 2026 revenue growth of 193% year-over-year validates early commercial traction. Investors must monitor management execution very closely through 2026.
If Rigetti delivers on its fidelity targets and converts the LOI into a definitive agreement, the company will redefine modern computing. The path requires flawless technical execution alongside disciplined capital deployment through 2027. Long 
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Rigetti Computing: Balancing Technological PromisesCompany Foundation and Full-Stack Capabilities
Founded in 2013 and headquartered in Berkeley, California, Rigetti Computing has established itself as a vertically integrated player in the quantum computing sector. The company's comprehensive approach encompasses the entire ecosystem of quantum system development. Rigetti is actively involved in designing, building, and bringing to market superconducting quantum integrated circuits and processor chips. Crucially, the company also manufactures the specialized supercooled dilution refrigeration units that are indispensable for creating the extreme低温 environments required for these components to function in a quantum state. This full-stack capability allows Rigetti to control both the core technology and the critical infrastructure that supports it.
Commercial Product Portfolio and Modular Architecture
Rigetti's commercial strategy is built on offering a tiered portfolio of quantum systems designed to appeal to a broad range of customers, from research institutions to commercial enterprises. Key elements of this portfolio include:
Ankaa-3: The company's flagship quantum computer, which utilizes a non-modular chip design and represents the current pinnacle of its non-scaled architecture.
Novera: A more compact and accessible 9-qubit quantum processing unit (QPU). Its key value proposition lies in its flexibility; it can be deployed as a standalone system or linked with additional Novera units. This tandem configuration allows customers to create a scalable, "boosted" quantum computing solution that can grow in power incrementally to meet expanding computational demands.
Cepheus-1-108Q: The company's next-generation system, slated for commercial release by the end of the first quarter of 2026. The Cepheus system is built upon a modular architecture, integrating twelve of Rigetti's 9-qubit chiplets. This design is specifically intended to maximize the advantages of modularity, potentially offering a more scalable path to higher qubit counts and improved performance.
International Validation Amidst Operational Headwinds
In a significant commercial and geopolitical win, Rigetti recently secured an $8.4 million order from India's Centre for Development of Advanced Computing (C-DAC). As the Indian government's premier R&D institute under the Ministry of Electronics and Information Technology, C-DAC's decision to purchase a 108-qubit quantum computer for installation in Bengaluru serves as a strong endorsement of Rigetti's technology on the global stage.
However, this positive development is juxtaposed against several significant challenges that have contributed to a decline in the company's stock price. The primary headwinds include:
Intense Competitive Landscape: Rigetti operates in a highly competitive field, facing well-resourced and established technology giants like IBM, Google, and Honeywell, all of whom are making substantial strides in quantum computing.
Financial Performance Pressures: The company has faced scrutiny over its financial results, including revenues that have consistently fallen short of market expectations combined with ongoing and significant operating losses.
Product Development Delays: Delays in the rollout of its crucial 108-qubit Cepheus system have raised concerns about the company's ability to execute on its technology roadmap in a timely manner.
Recent Financial Results and Analyst Assessment
The impact of these challenges was reflected in Rigetti's fiscal third-quarter 2025 results. The company reported revenue of $1.9 million, a 19% decrease year-over-year that also missed analyst consensus estimates by approximately $223,000. The bottom line revealed deeper concerns, with an operating loss of $20.5 million for the quarter. This resulted in a non-GAAP net loss of $10.7 million, or a net loss of $0.03 per share.
In his coverage, 5-star analyst Sankar adopts a cautious yet balanced stance. He views the risk-reward profile as currently balanced, noting that while the company's valuation remains premium, Rigetti has lagged behind some of its peers in crucial areas such as revenue growth and the demonstration of qubit scaling and fidelity improvements. Sankar explicitly outlines the key risks to the investment thesis: the company's ongoing cash burn, which could necessitate a capital raise within the next one to two years; the fiercely competitive market dynamic against both large tech firms and alternative quantum modalities (like ion traps and photonics); and the critical, yet uncertain, path to scaling its processor roadmap while achieving competitive fidelity rates. Consequently, Sankar has assigned a Hold rating to Rigetti's shares, opting not to set a specific price target given these uncertainties.
Broader Market Sentiment and Future Outlook
Despite the cautious individual analyst view, the broader Wall Street consensus on Rigetti (NASDAQ: RGTI) remains moderately optimistic. The stock currently holds a Moderate Buy rating, derived from a mix of seven recent analyst evaluations—five Buy recommendations and two Holds. Trading at approximately $16.60, the stock's average analyst price target of $38.75 suggests a significant potential upside of around 133% over the next 12 months. This optimistic target reflects a degree of market belief in the company's long-term technological vision and the potential of its modular architecture to eventually overcome its current operational and financial hurdles. Long 
Rigetti's $600 Million Cash RunwayAs Rigetti Computing (RGTI) advances into 2026, it does so armed with one of the most robust balance sheets in the pure-play quantum computing sector. This financial strength serves as a key differentiator, setting the company apart from many peers that remain heavily reliant on frequent and often dilutive capital raises to fund their operations. With liquidity now surpassing the $600 million mark—bolstered by a series of warrant exercises completed during the second half of 2025—Rigetti has secured multi-year financial visibility. This substantial war chest significantly reduces the near-term risk of shareholder dilution and provides the company with the flexibility to pursue its ambitious technological roadmap without being forced to compromise on timelines simply to preserve cash. Financial Flexibility Fuels Roadmap Ambitions
Management has consistently reiterated that its current capital resources are more than sufficient to fund the development and launch of its planned next-generation quantum systems.
This next phase of innovation is expected to unfold as the company's commercialization efforts continue to gain traction and extend throughout 2026.
This financial flexibility is particularly critical given the inherently uneven and project-based nature of Rigetti's revenue profile. The company's income remains largely tied to contracts with government agencies, national laboratories, and academic research institutions. While recent momentum in securing new contracts—including expanded international engagements and growing demand for on-premise quantum systems—reinforces Rigetti's long-term relevance in the quantum ecosystem, it does little to smooth out the quarterly volatility that characterizes the sector. The sales cycles are long, deployments can be delayed, and revenue recognition is often lumpy.
Against this backdrop, the company's substantial liquidity acts as a strategic buffer. It allows Rigetti to absorb potential headwinds such as delayed government deployments, necessary recalibrations of its product roadmap, or the increased costs associated with customer-specific customization—all without being forced to seek external financing on unfavorable terms. In an industry where technological execution timelines are notoriously prone to slippage, a strong balance sheet has evolved from a mere footnote in investor presentations into a genuine competitive asset.
Taken together, Rigetti's 2026 setup suggests the company is financially equipped to sustain a high intensity of research and development spending, support the scaling of its manufacturing capabilities, and weather the inherent lumpiness of its revenue streams, all without needing to tap the public markets for additional capital in the near term.
Stock Performance, Valuation, and Key Support Levels
Despite the positive narrative surrounding its financial health and technological prospects, Rigetti's stock has faced significant headwinds in recent months. Shares of RGTI have declined by 16.6% over the last six-month period. This performance, while challenging, actually compares slightly favorably to the broader industry group, which has seen an average decline of 20.3% over the same timeframe.
From a valuation perspective, Rigetti currently trades at a price-to-book (P/B) multiple of 13.31. This figure sits above the industry average, indicating that the market is still assigning a premium to its assets, likely due to its perceived leadership position and improved financial footing. However, according to standard investment metrics, RGTI carries a Value Score of F, suggesting that on traditional valuation measures, the stock may appear expensive relative to its fundamentals.
For traders and investors monitoring technical levels, the stock has established a notable support zone between $10.00 and $13.00. This range is being closely watched as a potential area where buying interest could emerge to stabilize the price and potentially reverse some of the recent downward momentum. Short 
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Quantum Leap: $QTUM Continuation Pattern has triggered.The Defiance Quantum ETF (QTUM) is showing a classic bullish continuation pattern after a spectacular 2025. Following a sharp rally, the price has been consolidating in a tight range near its 52-week high of $117.12.
The Technical Setup: We are seeing a clear consolidation phase—likely a cup and handle / or continuation inverse head and shoulders Both have the same price objective—just above the 50-day moving average ($114.36).
This 'pause' in the trend is healthy and suggests that the previous uptrend is ready to resume.
FUNDAMENTAL DRIVER:
2026 is being labeled a potential 'inflection year' for the industry.
IBM is targeting quantum advantage by the end of this year with its 120-qubit Nighthawk processor, while IonQ aims for systems up to 256 qubits.
Diversified Exposure: Unlike betting on a single stock, QTUM holds 84 different companies, spreading risk across hardware, software, and machine learning leaders like Microsoft, Alphabet, and NVIDIA.
Massive Market Growth: Analysts estimate the quantum computing market could grow from $0.8 billion in 2025 to over $1 billion in 2026, with some projections suggesting a nearly $2 trillion value creation potential by 2035.
Sustained Inflows: The ETF has seen net AUM growth of over $2.39 billion in the last year, proving that institutional capital is rotating heavily into this sector.
What's your take? Is the quantum sector ready for another parabolic move?
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Understanding Rigetti ComputingRigetti Computing is a high-tech company that builds Quantum Computers. While normal computers (like your phone or laptop) use "bits" (0s and 1s), quantum computers use "qubits." This allows them to solve mathematical problems that are too complex for even the world's fastest supercomputers.
In 2025, Rigetti’s stock price became a "hot topic" because it grew by thousands of percentage points. However, as a new trader, it is important to understand why the price moved and why many experts are now careful.
Why the Stock Rose: The "Quantum Hype"
Several factors pushed Rigetti’s stock higher during the AI boom:
* Technology & Innovation: Rigetti is "vertically integrated." This means they make their own chips and their own software. This is a very professional and efficient way to build a company.
* Geopolitics: The United States government wants to win the "Quantum Race" against other countries. Because of this, companies like Rigetti often receive government support and contracts.
* Industry Trends: As Artificial Intelligence (AI) grows, it needs more power. Quantum computing is seen as the next step to make AI even smarter.
The Risk: Is the Price Too High?
When a stock grows too fast without having enough sales (revenue), traders call it " overbought." Here is the current situation for Rigetti:
* The Valuation Gap: Rigetti’s "Price-to-Sales" ratio is very high. This means the stock price is much higher than the actual money the company is making.
* High Cash Burn: Building quantum computers is very expensive. The company spends a lot of money on science and research, but does not yet have many paying customers.
* Market History: Professional traders remember the "Dot-Com" bubble of the year 2000. Back then, many internet stocks rose quickly and then crashed by 90%. Some experts fear Rigetti might follow a similar path.
Market Impact and 2026 Prediction
If you are trading this stock, you should expect high volatility. This means the price can go up or down 10% or 20% in a single day.
What to expect by the end of 2026:
Many analysts believe the "hype" will slow down and the price will return to a more realistic level. Predictions suggest the stock could settle between $3 and $7 by the end of 2026. This would be a "correction," where the market moves from trading on "dreams" to trading on "real financial results."
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Rigetti Stock (RGTI) May Retraced After Breaking Out of A Wedge The share price of Rigetti Computing, Inc. (NASDAQ: NASDAQ:RGTI ) is poised to retraced to the 61.8% fib. retracement level after a wonderful stint- The computing giant spike 218% in the past 1 month to break out of a bullish symmetrical triangle to reclaim the $50 zone.
With the last recorded SI at 55, NASDAQ:RGTI might consolidate more pushing the RSI to 35 amidst bearish sentiment.
The stock was down 14% in yesterday's trading session further pushing the loss to premarket trading currently down 1.48%.
Further adding to the bearish sentiment is the fact that the founder- Subodh Kulkarni, has no stake whatsoever in the quantum technology company.
In May, Kulkarni exercised options to acquire 1,000,000 shares, only to sell them immediately – leaving him with zero ownership in RGTI.
About RGTI
Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers Short 
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Rigetti broke ATH to $21.88Rigetti broke previous ATH to $21.88
Rigetti Computing Incorporated had a positive push up of 10% today, and that pushed the stock to an all-time high of $21.88. It broke its previous high of $21.50 to reach this all-time high.
If you look at the chart, you'll see a blue ascending trend line and a horizontal green line, with a confluence around the $21.54 zone.
So, looking at this stock, if this breakout of this zone is sustainable, we might see it push further upward. However, this zone is critical, and the sustainability of this push depends on it staying above this level. If it falls below, we might see it retest the $20 zone.
For me, I'll remain patient to see a clear price action for the direction I'll follow. Remain positive, and let's see how this plays out. Thanks!
Rigetti: Quantum Mirage or Computing's Next Frontier?Rigetti Computing, a pioneer in quantum computing, recently commanded market attention with a significant 41% surge in its stock. This jump followed a critical technological breakthrough: achieving 99.5% median 2-qubit gate fidelity on its modular 36-qubit system. This represents a twofold reduction in error rates from previous benchmarks, a vital step toward practical quantum applications. Rigetti's superconducting qubits offer gate speeds over 1,000 times faster than competing modalities like ion traps, leveraging semiconductor industry techniques for scalability. The company plans to launch its 36-qubit system by mid-2025 and aims for a 100+ qubit system by year-end, underscoring its rapid technological roadmap.
Beyond technical achievements, strategic partnerships and government contracts bolster Rigetti's position. A substantial $100 million manufacturing deal and a $35 million equity investment from server giant Quanta validate Rigetti's modular architecture. Government backing also provides a stable revenue stream, including a $1 million DARPA award for developing "utility-scale quantum computing" and a $5.48 million Air Force consortium award for advanced chip fabrication. The company further secured three UK Innovate awards for quantum error correction. These collaborations signal confidence from both private industry and national defense initiatives, crucial for a sector still in its nascent stages of commercialization.
Despite these positives, Rigetti's financial metrics reflect the high-risk, high-reward nature of quantum investment. While its market capitalization stands at a robust $5.5 billion, Q1 2025 revenue declined over 50% year-over-year to $1.5 million. Operating expenses remain substantial, with the company operating at a loss. Rigetti's valuation hinges on future potential rather than current profitability, trading at a high price-to-sales ratio. This places immense pressure on the company to meet ambitious technological milestones and rapidly scale revenue in the coming years, transforming speculative bets into tangible commercial success.
The broader quantum computing landscape is marked by intense competition and geopolitical implications. Giants like IBM and Google, also leveraging superconducting qubits, race alongside Rigetti. The sector's projected market size varies wildly, reflecting ongoing uncertainty about widespread commercial adoption. From a geostrategic perspective, quantum computing poses both a national security threat to current encryption and an opportunity for military advancement, driving a global race in post-quantum cryptography. Rigetti's extensive patent portfolio, comprising 37 quantum computing patents, underscores its intellectual property differentiation. However, macroeconomic factors, including rising interest rates, could tighten venture capital funding for speculative high-tech ventures, adding another layer of complexity to Rigetti's path forward. Long 
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Rigetti's Quantum Leap: Can RGTI Ride the Hype to $100?Rigetti Computing Inc. (RGTI) is a notable company in the quantum computing space, focused on developing superconducting qubit systems. As of late May 2025, the stock is trading around $14.19, marking a sharp rise from its earlier levels this year.
The stock has rallied more than 1,200% over the past six months, pushing RGTI toward the upper boundary of its current ascending channel. The $15.00–$15.50 range is acting as a psychological resistance area. After such a strong move, a technical pullback toward the $12.50 zone would be considered healthy, potentially allowing the stock to reset while remaining within its bullish structure. If $12.50 fails to hold, the next notable support sits near $7.59, a previous area of accumulation.
Rigetti’s growth outlook is supported by several key drivers:
Technological Innovation: The company is on track to roll out more advanced quantum systems, including a 36-qubit system by mid-2025 and a 100+ qubit system by year-end. These advances are built on its modular chip architecture, aimed at scaling performance.
Strategic Collaborations: Rigetti has been expanding its reach by partnering with leading cloud platforms, making its quantum systems more widely accessible and integrated with broader tech ecosystems.
Government Support: The company is also involved in government-backed quantum initiatives, strengthening its credibility and positioning in the national quantum strategy.
As the global quantum computing market continues to gain momentum, Rigetti is well-positioned to benefit. If the bullish trend persists, some forecasts suggest the stock could potentially reach the $100 level by the end of 2026.
Traders and investors should watch key levels: $12.50 and $7.59 on the downside as support, and $15.50 as the immediate resistance to confirm momentum or identify pullback opportunities. Long 
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Rigetti Computing (RGTI): Potential Buying OpportunityRigetti fails to hold the $9.80 support, it could continue its decline toward the $5.50 zone.
Till then we can see:
Rigetti Computing (RGTI) is at a pivotal moment, currently trading around $8.90 after a 56% drop from its $16 peak to a recent low of $7. The stock failed to hold the critical $9.80 support level, raising concerns about further downside pressure. However, this decline also presents a short-term buying opportunity before the next major move.
Short-Term Buying Scenario
If buying momentum picks up from $8.90, we could see a rebound toward $12–$13.
This level is a key resistance zone, and failing to break above $13 will confirm that the downtrend remains intact.
Bearish Breakdown Possibility
If RGTI struggles to hold $9.80 and fails to sustain the $12–$13 recovery, it would signal continued weakness.
This could trigger a further drop toward $5.50, and in a worst-case scenario, it could even reach $5.
Key Levels to Watch
$9.80 Support (Broken) → Previously a strong support, now acting as resistance.
$12–$13 Resistance → If RGTI fails here, it confirms further downside potential.
$5.50–$5.00 Support Zone → The next major target if bearish momentum continues.
Conclusion: Decision Point for RGTI
Rigetti Computing is at a critical turning point. A rebound from $8.90 toward $12–$13 is possible, but failure to break above this range will likely confirm the bearish trendline. If that happens, we could see another major drop to $5.50 or even $5. Investors should watch how the stock behaves around $12–$13, as this will determine the next big move. Long 
