IQM Quantum Computers (NASDAQ:IQMX – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday. The company traded as low as $8.73 and last traded at $8.8460, with a volume of 22,197 shares trading hands. The stock had previously closed at $9.01.
Analyst Ratings Changes
A number of equities analysts have recently commented on IQMX shares. Rothschild & Co Redburn assumed coverage on shares of IQM Quantum Computers in a research note on Monday, July 27th. They set a “neutral” rating and a $12.88 price objective for the company. Zacks Research upgraded shares of IQM Quantum Computers to a “hold” rating in a report on Tuesday, October 6th. BTIG Research initiated coverage on IQM Quantum Computers in a research report on Monday, September 21st. They set a “buy” rating and a $20.00 price target on the stock. TD Cowen began coverage on shares of IQM Quantum Computers in a research report on Friday, October 2nd. They set a “buy” rating for the company. Finally, Weiss Ratings initiated coverage on shares of IQM Quantum Computers in a research report on Friday, September 25th. They issued a “sell (d)” rating on the stock. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.44.
Check Out Our Latest Research Report on IQMX
IQM Quantum Computers Stock Performance
The firm has a market cap of $2.37 billion, a P/E ratio of -6.58 and a beta of 0.56. The firm’s 50 day simple moving average is $10.14.
IQM Quantum Computers (NASDAQ:IQMX – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($1.37) EPS for the quarter. The company had revenue of $7.77 million for the quarter. As a group, analysts forecast that IQM Quantum Computers will post -3.30 earnings per share for the current year.
Hedge Funds Weigh In On IQM Quantum Computers
An institutional investor recently bought a new position in IQM Quantum Computers stock. SLT Holdings LLC purchased a new position in shares of IQM Quantum Computers (NASDAQ:IQMX – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 74,750 shares of the quantum computing company’s stock, valued at approximately $775,000.
IQM Quantum Computers Company Profile
IQM Quantum Computers is a Finnish quantum-computing company that develops full-stack quantum systems based on superconducting quantum processors. The company provides quantum hardware, control electronics, software and related integration services designed to help research institutions, businesses and public-sector organizations explore quantum applications.
Founded in 2018 by a group of quantum-technology researchers and entrepreneurs, including Chief Executive Officer and co-founder Jan Goetz, IQM has its headquarters in Espoo, Finland.
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