Quantum Computing (NASDAQ:QUBT) Shares Up 10.1% – Time to Buy?

Posted by Brenda Bartman on Jun 18th, 2026

Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report)’s share price traded up 10.1% on Thursday . The stock traded as high as $10.81 and last traded at $10.76. Approximately 21,107,175 shares traded hands during trading, an increase of 21% from the average daily volume of 17,426,246 shares. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Quantum Computing from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research note on Tuesday, March 3rd. 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 note on Monday. Finally, Cantor Fitzgerald reduced their price objective on shares of Quantum Computing from $15.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.33.

Check Out Our Latest Report on QUBT

Quantum Computing Stock Up 10.1%

The stock has a 50-day moving average price of $9.94 and a 200 day moving average price of $9.80. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -38.43 and a beta of 3.72.

Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.02) earnings per share 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 analyst estimates of $3.13 million. As a group, equities analysts forecast that Quantum Computing Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quantum Computing

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Quantum Computing by 57.1% in the 1st quarter. Royal Bank of Canada now owns 53,752 shares of the company’s stock valued at $430,000 after purchasing an additional 19,527 shares during the last quarter. Millennium Management LLC grew its position in Quantum Computing by 288.9% in the 1st quarter. Millennium Management LLC now owns 651,455 shares of the company’s stock valued at $5,212,000 after buying an additional 483,940 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Quantum Computing by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock worth $2,610,000 after acquiring an additional 2,280 shares during the period. Rhumbline Advisers acquired a new position in Quantum Computing during the 1st quarter worth approximately $28,000. Finally, JPMorgan Chase & Co. grew its holdings in Quantum Computing by 12,826.8% during the second quarter. JPMorgan Chase & Co. now owns 54,551 shares of the company’s stock worth $1,046,000 after acquiring an additional 54,129 shares during the period. 4.26% of the stock is currently owned by institutional investors and hedge funds.

About Quantum Computing

(Get Free Report)

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.