IQM Quantum Computers (NASDAQ:IQMX) Upgraded at Wall Street Zen

IQM Quantum Computers (NASDAQ:IQMX) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Rothschild & Co Redburn started coverage on IQM Quantum Computers in a report on Monday, July 27th. They issued a “neutral” rating and a $12.88 price objective on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.88.

IQM Quantum Computers Stock Down 2.0%

IQMX traded down $0.22 during midday trading on Friday, hitting $10.59. 580,622 shares of the company traded hands, compared to its average volume of 374,403. IQM Quantum Computers has a 52-week low of $9.00 and a 52-week high of $15.10.

IQM Quantum Computers (NASDAQ:IQMX) last released its earnings results on Tuesday, August 4th. The quantum computing company reported ($1.37) EPS for the quarter. The firm had revenue of $7.77 million for the quarter.

About IQM Quantum Computers

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.