Quantum Computing (NASDAQ:QUBT) Trading 9.2% Higher – Still a Buy?

Quantum Computing Inc. (NASDAQ:QUBT)’s stock price was up 9.2% on Thursday . The stock traded as high as $12.21 and last traded at $12.0480. Approximately 16,369,520 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 15,636,233 shares. The stock had previously closed at $11.03.

Key Quantum Computing News

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Northland Securities raised its earnings estimates for Quantum Computing and reiterated an Outperform rating with a $20 price target, signaling improved analyst expectations for the company’s longer-term earnings path.
• Positive Sentiment: Multiple articles highlighted the stock’s post-earnings surge and a huge revenue beat, showing that investors are still reacting to the strong quarterly results and rapid top-line growth.
• Neutral Sentiment: Analyst-target commentary from Yahoo Finance and Zacks pointed to roughly 61.7% upside, but also noted that consensus targets have mixed predictive value, so this was more of a sentiment support item than a clear catalyst.
• Neutral Sentiment: Coverage from TipRanks and Seeking Alpha suggested Wall Street remains skeptical about how quickly Quantum Computing can turn revenue growth into durable profits, keeping expectations elevated but not fully validated.
• Negative Sentiment: The broader quantum-computing group sold off Friday, with QUBT falling alongside peers like IonQ, Rigetti, and D-Wave, indicating sector-wide pressure rather than company-specific bad news.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a report on Friday, March 27th. Cantor Fitzgerald reduced their target price on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Quantum Computing from a “sell” rating to a “hold” rating in a report on Saturday. Northland Securities started coverage on Quantum Computing in a research note on Monday, April 20th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $22.00 price objective on shares of Quantum Computing in a report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Quantum Computing Stock Performance

The firm’s 50 day moving average is $8.27 and its 200-day moving average is $10.12. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -37.53 and a beta of 3.70.

Quantum Computing (NASDAQ:QUBT) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $3.69 million for the quarter, compared to analyst estimates of $3.13 million. As a group, sell-side analysts forecast that Quantum Computing Inc. will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Christopher Bruce Roberts sold 68,902 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $7.85, for a total value of $540,880.70. Following the completion of the transaction, the chief financial officer owned 1,132,398 shares of the company’s stock, valued at approximately $8,889,324.30. This represents a 5.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.30% of the company’s stock.

Institutional Trading of Quantum Computing

Institutional investors and hedge funds have recently made changes to their positions in the business. Aventura Private Wealth LLC purchased a new stake in Quantum Computing in the 4th quarter worth $26,000. International Assets Investment Management LLC acquired a new stake in Quantum Computing in the 4th quarter valued at about $26,000. Rhumbline Advisers purchased a new position in Quantum Computing in the 1st quarter worth approximately $28,000. Tucker Asset Management LLC purchased a new position in Quantum Computing in the 4th quarter worth approximately $29,000. Finally, Toth Financial Advisory Corp boosted its holdings in shares of Quantum Computing by 50.0% during the 4th quarter. Toth Financial Advisory Corp now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Computing Company Profile

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.