Quantum Computing (NASDAQ:QUBT) Shares Gap Up – Still a Buy?

Quantum Computing Inc. (NASDAQ:QUBT) gapped up before the market opened on Thursday . The stock had previously closed at $9.56, but opened at $10.47. Quantum Computing shares last traded at $11.0890, with a volume of 16,367,530 shares changing hands.

Trending Headlines about Quantum Computing

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

• Positive Sentiment: QUBT is benefiting from a sector-wide rally after reports that the U.S. government is considering backing or taking stakes in select quantum computing companies, fueling speculation that the industry could receive major policy support. QUBT Rallies With the Rest of Quantum Computing, but Don’t Buy the Hype
• Positive Sentiment: Investors are also reacting to follow-through buying in the quantum trade after Thursday’s surge, with QUBT continuing to move as part of a basket of high-beta quantum stocks rather than on company-specific news alone. Rigetti Surges 17%, Quantum Computing Inc. Soars 14%, D-Wave Pops 13%, IonQ Rises 8%: The Quantum Bounce Becomes a Rally
• Neutral Sentiment: Some commentary is turning more cautious, noting that QUBT’s valuation remains highly speculative and must be justified by future execution, which could create volatility even as the stock rises. Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned
• Negative Sentiment: Bearish articles are also emphasizing that QUBT remains a high-risk, heavily shorted “moonshot” stock, suggesting the move may be driven more by speculation than by fundamental improvement. Why Quantum Computing (QUBT) Remains a High-Risk Quantum Bet

Wall Street Analyst Weigh In

QUBT has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a research report on Friday, March 27th. Northland Securities initiated coverage on Quantum Computing in a research report on Monday, April 20th. They set an “outperform” rating and a $20.00 target price on the stock. Cantor Fitzgerald lowered their target price on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Quantum Computing from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Quantum Computing presently has a consensus rating of “Hold” and an average price target of $17.50.

Quantum Computing Stock Up 7.9%

The company has a fifty day moving average price of $8.55 and a 200-day moving average price of $9.95. The stock has a market capitalization of $2.78 billion, a P/E ratio of -43.96 and a beta of 3.70.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $3.69 million for the quarter, compared to the consensus estimate of $3.13 million. As a group, research analysts expect that Quantum Computing Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Quantum Computing

In related news, CFO Christopher Bruce Roberts sold 68,902 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 1,132,398 shares in the company, valued at approximately $8,889,324.30. The trade was a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.30% of the company’s stock.

Institutional Trading of Quantum Computing

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Quantum Computing by 38.1% during the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after purchasing an additional 4,643,818 shares in the last quarter. Marex Group plc increased its position in shares of Quantum Computing by 255.6% during the fourth quarter. Marex Group plc now owns 8,272,153 shares of the company’s stock worth $84,872,000 after purchasing an additional 5,945,679 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Quantum Computing during the third quarter worth $123,014,000. Anson Funds Management LP increased its position in shares of Quantum Computing by 14.9% during the third quarter. Anson Funds Management LP now owns 5,373,455 shares of the company’s stock worth $98,925,000 after purchasing an additional 695,092 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Quantum Computing by 45.5% during the fourth quarter. Geode Capital Management LLC now owns 4,565,192 shares of the company’s stock worth $46,846,000 after purchasing an additional 1,428,120 shares in the last quarter. Hedge funds and other institutional investors own 4.26% of the company’s stock.

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.