Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Receives Average Recommendation of “Hold” from Analysts

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $44.00.

Several research firms have weighed in on XNDU. Weiss Ratings raised shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Canaccord Genuity Group started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Thursday, April 23rd. They issued a “buy” rating and a $45.00 target price on the stock. Northland Securities began coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Monday, April 20th. They set an “outperform” rating and a $43.00 target price on the stock. Finally, Canadian Imperial Bank of Commerce initiated coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Tuesday. They set an “outperform” rating for the company.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Trading Down 1.8%

Shares of NASDAQ:XNDU traded down $0.18 on Tuesday, hitting $10.02. The company had a trading volume of 1,105,043 shares, compared to its average volume of 4,371,876. The company has a market cap of $2.99 billion, a PE ratio of -35.79 and a beta of 15.00. The stock’s 50 day moving average is $12.69. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a 1-year low of $6.97 and a 1-year high of $42.44. The company has a current ratio of 14.35, a quick ratio of 14.05 and a debt-to-equity ratio of 0.11.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) last posted its earnings results on Thursday, May 14th. The quantum computing company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $2.83 million for the quarter, compared to the consensus estimate of $0.70 million. Sell-side analysts anticipate that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.48 earnings per share for the current fiscal year.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Company Profile

Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.

Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.