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While quantum computing giant Rigetti Computing (RGTI) may have been one of the top-performing tech players this year, that label is swiftly coming under attack. While RGTI stock is still up roughly 68% — a great performance no matter how one slices it — its recent implosion has been horrific. In the past week, the equity plunged about 23%, raising questions about forward viability.

Not helping matters was the company’s third-quarter print. On paper, Rigetti posted a smaller-than-expected adjusted loss of 3 cents per share, technically beating out expectations calling for a loss of 5 cents. Unfortunately, the tech specialist only generated $1.9 million on the top line, which slipped below the consensus target of $2.2 million.

Raising further eyebrows was the forward guidance. For the full year, Rigetti expects to report a loss of 29 cents on revenue of $8.1 million. However, last year, the company posted a loss of 36 cents but on revenue of $10.8 million.

According to a Barron’s report, enterprises within the quantum computing sphere have been attempting to cut back their losses to make progress toward profitability. However, Rigetti’s operating losses seem to be widening, presenting risks for prospective investors. Still, with RGTI stock hemorrhaging almost 54% in the past month, is now a time to consider diving in?

Using Kolmogorov-Markov frameworks layered with kernel density estimates, the forward 10-week median returns of RGTI stock can be arranged as a distributional curve, with outcomes ranging between approximately $21 and $28 (assuming an anchor price of $25.87). Further, price clustering would likely be predominant at around $24.10.

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The above assessment aggregates all sequences since RGTI’s public market debut. Currently, the stock is structured in an accumulation-leaning 6-4-U formation; that is, in the trailing 10 weeks, RGTI printed six up weeks and four down weeks, with an overall upward slope.

Under this condition, the range of forward outcomes may land mostly between $21 and $35, with price clustering being likely predominant at $25.90. In other words, the bulk of outcomes over the next 10 weeks will likely land just below the anchor, with the possibility of some outliers reaching toward the higher end of the pricing spectrum.

Objectively at this hour, RGTI stock remains a high-risk, high-reward idea. As such, any position should be taken prudently and cautiously.

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