Quantum Computing (NASDAQ:QUBT) Earns Neutral Rating from Cantor Fitzgerald

Quantum Computing (NASDAQ:QUBT)‘s stock had its “neutral” rating restated by investment analysts at Cantor Fitzgerald in a research report issued on Thursday,Benzinga reports. They presently have a $15.00 target price on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 46.77% from the company’s previous close.

QUBT has been the topic of a number of other reports. Lake Street Capital dropped their price target on Quantum Computing from $24.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a research note on Monday. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Ascendiant Capital Markets upped their price target on shares of Quantum Computing from $22.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Wedbush began coverage on shares of Quantum Computing in a research note on Wednesday. They set a “neutral” rating and a $12.00 price objective for the company. Two equities research 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.75.

Quantum Computing Price Performance

NASDAQ:QUBT opened at $10.22 on Thursday. The firm’s 50-day moving average price is $13.90 and its 200-day moving average price is $16.13. The company has a market capitalization of $2.29 billion, a PE ratio of -16.75 and a beta of 3.80. Quantum Computing has a 1-year low of $4.37 and a 1-year high of $27.15.

Quantum Computing (NASDAQ:QUBT) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $0.38 million for the quarter, compared to the consensus estimate of $0.12 million.

Institutional Trading of Quantum Computing

A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new stake in shares of Quantum Computing in the second quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Quantum Computing in the second quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in shares of Quantum Computing by 724.7% in the third quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company’s stock worth $28,000 after acquiring an additional 1,319 shares during the period. FWL Investment Management LLC purchased a new stake in Quantum Computing during the second quarter valued at $33,000. Finally, New Millennium Group LLC purchased a new position in Quantum Computing in the third quarter worth about $36,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.