Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.3333.
Several equities analysts recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $10.00 target price on shares of Quantum Computing in a report on Wednesday, June 24th. Northland Securities began coverage on Quantum Computing in a research report on Monday, April 20th. They set an “outperform” rating and a $20.00 price objective for the company. Lake Street Capital reiterated a “buy” rating on shares of Quantum Computing in a report on Monday, July 6th. Ascendiant Capital Markets raised their target price on Quantum Computing from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Wall Street Zen lowered Quantum Computing from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.
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Quantum Computing News Summary
Here are the key news stories impacting Quantum Computing this week:
- Positive Sentiment: QUBT announced an acquisition of NHanced Semiconductors and a new deployment agreement for its NeuraWave photonic reservoir computer, expanding its technology footprint and giving investors fresh commercial catalysts. Quantum Computing (QUBT) Acquires NHanced And Lands NeuraWave AI Deployment Deal
- Positive Sentiment: The company also landed a purchase order and framework agreement with Planck Dynamics, reinforcing the idea that QUBT is starting to convert quantum and photonic AI capabilities into real customer activity. Quantum Computing (QUBT) Lands New Deals, Is The Stock Still Undervalued?
- Positive Sentiment: Coverage noted that QUBT has outperformed the sector over the past year, with policy support and commercialization progress strengthening the long-term growth narrative. Quantum Computing Outpaces Sector in a Year: Is the Stock Still a Buy?
- Positive Sentiment: Analyst commentary cited Microsoft’s quantum-security warning and pointed to an average price target of $18.33, suggesting meaningful upside from recent trading levels. This $8 quantum stock has 111% upside after Microsoft’s warning
- Neutral Sentiment: Quantum Computing filed a $118.52 million shelf registration tied to employee stock ownership and received approval to raise authorized shares, while also being added to several Russell benchmarks. The index inclusion is supportive, but the shelf filing raises the possibility of future dilution. Will Quantum Computing’s New Equity Shelf and Index Additions Reshape QUBT’s Capital and Growth Narrative?
- Neutral Sentiment: One valuation review said QUBT looks reasonable on book value, but stretched on broader measures after a very large three-year gain, suggesting the stock may already reflect a lot of optimism. Quantum Computing (QUBT) Stock Looks Reasonable On Book Value But Stretched On Broader Checks
Quantum Computing Stock Down 5.4%
Quantum Computing stock traded down $0.49 during trading on Friday, reaching $8.66. The stock had a trading volume of 8,415,474 shares, compared to its average volume of 13,510,794. Quantum Computing has a 52-week low of $6.18 and a 52-week high of $25.84. The stock has a market cap of $1.95 billion, a PE ratio of -30.93 and a beta of 3.78. The business has a 50 day moving average price of $10.30 and a 200 day moving average price of $9.54.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $3.69 million during the quarter, compared to analysts’ expectations of $3.13 million. On average, equities analysts predict that Quantum Computing will post -0.14 EPS for the current fiscal year.
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.
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