Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) has earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.67.
QUBT has been the topic of a number of recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Quantum Computing in a report on Monday, October 19th. Cantor Fitzgerald restated a “neutral” rating and issued a $10.00 price objective on shares of Quantum Computing in a research report on Tuesday, August 11th. Ascendiant Capital Markets raised their target price on shares of Quantum Computing from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “sell” rating in a report on Saturday, October 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a research note on Monday, September 21st.
Read Our Latest Report on QUBT
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in Quantum Computing by 106.4% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,948 shares of the company’s stock valued at $25,000 after purchasing an additional 1,520 shares in the last quarter. State of Wyoming acquired a new stake in shares of Quantum Computing during the second quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new position in Quantum Computing during the second quarter worth $29,000. MCF Advisors LLC acquired a new position in shares of Quantum Computing during the second quarter worth $29,000. Finally, EFG International AG bought a new stake in Quantum Computing during the 2nd quarter valued at $48,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
Quantum Computing Price Performance
NASDAQ:QUBT opened at $6.33 on Friday. Quantum Computing has a 1-year low of $5.39 and a 1-year high of $14.45. The company has a market capitalization of $1.43 billion, a PE ratio of -90.42 and a beta of 3.95. The firm’s 50-day moving average price is $7.55 and its 200-day moving average price is $8.62.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $5.55 million during the quarter, compared to the consensus estimate of $5.15 million. Equities analysts anticipate that Quantum Computing will post -0.19 EPS for the current fiscal year.
Quantum Computing Company Profile
Quantum Computing, Inc (NASDAQ:QUBT) develops quantum computing and quantum communications technologies designed to make quantum capabilities more accessible to commercial, government and research customers. The company focuses on photonic and optical approaches intended to operate with less specialized infrastructure than some conventional quantum computing systems.
Its offerings include quantum optimization and machine-learning solutions, photonic quantum computing hardware and software, and related quantum cybersecurity and sensing technologies.
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