Analyzing Trailblazer Merger Co. I (NASDAQ:TBMC) & Rigetti Computing (NASDAQ:RGTI)

Trailblazer Merger Co. I (NASDAQ:TBMC) and Rigetti Computing (NASDAQ:RGTI) are both small-cap unclassified companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability and risk.

Valuation and Earnings

This table compares Trailblazer Merger Co. I and Rigetti Computing’s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Trailblazer Merger Co. I	N/A	N/A	$1.35 million	N/A	N/A
Rigetti Computing	$12.01 million	12.86	-$75.11 million	($0.53)	-1.69

Trailblazer Merger Co. I has higher earnings, but lower revenue than Rigetti Computing.

Institutional and Insider Ownership

77.1% of Trailblazer Merger Co. I shares are owned by institutional investors. Comparatively, 35.4% of Rigetti Computing shares are owned by institutional investors. 2.6% of Rigetti Computing shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Ratings

This is a breakdown of recent ratings and price targets for Trailblazer Merger Co. I and Rigetti Computing, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Trailblazer Merger Co. I	0	0	0	0	N/A
Rigetti Computing	0	0	4	0	3.00

Rigetti Computing has a consensus price target of $2.88, indicating a potential upside of 220.08%. Given Rigetti Computing’s higher possible upside, analysts clearly believe Rigetti Computing is more favorable than Trailblazer Merger Co. I.

Risk and Volatility

Trailblazer Merger Co. I has a beta of -0.02, suggesting that its share price is 102% less volatile than the S&P 500. Comparatively, Rigetti Computing has a beta of 2.32, suggesting that its share price is 132% more volatile than the S&P 500.

Profitability

This table compares Trailblazer Merger Co. I and Rigetti Computing’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Trailblazer Merger Co. I	N/A	-106.78%	2.68%
Rigetti Computing	-538.72%	-54.61%	-38.67%

Summary

Rigetti Computing beats Trailblazer Merger Co. I on 6 of the 10 factors compared between the two stocks.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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.