Quantum Computing Inc. (QUBT) – What Are Investment Firms Saying About This Stock?

Shares of Quantum Computing Inc. (NASDAQ:QUBT) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.67.

Several analysts have recently weighed in on QUBT shares. Cantor Fitzgerald restated a “neutral” rating and set a $10.00 price objective on shares of Quantum Computing in a research report on Tuesday, August 11th. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price target on shares of Quantum Computing in a research report on Monday, October 19th. Ascendiant Capital Markets boosted their price objective on shares of Quantum Computing from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Wedbush reaffirmed a “neutral” rating on shares of Quantum Computing in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Monday, September 21st.

Institutional Investors Weigh In On Quantum Computing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Quantum Computing during the second quarter worth about $172,020,000. Bank of New York Mellon Corp bought a new position in Quantum Computing in the 2nd quarter worth $19,164,000. Van ECK Associates Corp lifted its position in shares of Quantum Computing by 35.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,317,352 shares of the company’s stock worth $12,778,000 after purchasing an additional 345,750 shares during the period. Pacific Heights Asset Management LLC bought a new stake in shares of Quantum Computing during the 2nd quarter valued at about $9,700,000. Finally, Focus Financial Network Inc. boosted its stake in shares of Quantum Computing by 402.6% during the 2nd quarter. Focus Financial Network Inc. now owns 911,635 shares of the company’s stock valued at $8,843,000 after purchasing an additional 730,240 shares in the last quarter. 4.26% of the stock is currently owned by institutional investors.

Quantum Computing Trading Down 2.1%

Shares of NASDAQ:QUBT opened at $6.17 on Friday. Quantum Computing has a 12 month low of $5.39 and a 12 month high of $14.45. The stock has a market cap of $1.40 billion, a P/E ratio of -41.13 and a beta of 3.95. The company has a 50 day moving average of $7.46 and a 200 day moving average of $8.54.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $9.50 million during the quarter, compared to the consensus estimate of $7.61 million. During the same quarter in the previous year, the business earned $0.01 EPS. On average, equities analysts forecast that Quantum Computing will post -0.19 earnings per share for the current fiscal year.

Latest Quantum Computing News

Investors following QUBT have been watching these news items:

• Positive Sentiment: QUBT reported record third-quarter revenue of $9.5 million, above the roughly $7.6 million analyst consensus. The company also said it achieved its 2024–2026 roadmap objectives and expects to ship its first Dirac-3S optimization machine in the fourth quarter. Is Quantum Computing Cheap On Record Revenue And Its Manufacturing Expansion Plan?
• Neutral Sentiment: The company’s earnings call highlighted a shift toward commercial growth, with Q3 revenue aided by acquisitions. The durability of organic growth and the pace of scaling remain important questions for investors. QUBT Q3 Earnings Call Focuses on Commercial Growth & Scaling
• Negative Sentiment: Despite the revenue beat, QUBT reported a loss of $0.07 per share, worse than the $0.04 loss analysts expected. Articles also note profitability concerns and continued share-price weakness; a broader comparison with quantum peers points to slowing revenue and widening losses at several companies. QUBT Stock Drops After Earnings Despite Revenue Surge IonQ Raised the Bar, But 3 Quantum Rivals Face Tough Questions

About Quantum Computing

Quantum Computing Inc. (QCi) develops quantum computing hardware and software, with a focus on photonics and systems designed to operate at room temperature. The company aims to make quantum technology more accessible for commercial and research applications. Its offerings include the Dirac quantum computing systems and software for optimization problems. QCi also develops photonic technologies for applications such as quantum sensing and cybersecurity. The company serves customers and organizations pursuing quantum computing and related technologies.