Shares of Quantinuum Inc. (NASDAQ:QNT – Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $30.53 and last traded at $30.99, with a volume of 213,601 shares changing hands. The stock had previously closed at $32.75.
Key Stories Impacting Quantinuum
Here are the key news stories impacting Quantinuum this week:
- Positive Sentiment: Quantinuum beat third-quarter expectations, reporting a loss of $0.29 per share versus the $0.99 loss analysts expected. Revenue rose 233% year over year to $9.05 million, and the company raised its full-year 2026 revenue outlook. The report also noted that gross margin turned positive, although expenses are increasing. Quantinuum Q3 results and outlook
- Positive Sentiment: Commercial traction strengthened: Quantinuum said it secured its largest cloud agreement to date, expanded access through a hyperscaler and an Oracle beta launch, and saw platform adoption rise nearly 20% quarter over quarter. These developments could help build future revenue. Quantinuum Q3 results and outlook
- Positive Sentiment: The company outlined its Nexus developer-platform roadmap, connecting application development with future hardware, including its planned Apollo fault-tolerant quantum computer. The roadmap and reported technical milestones could strengthen Quantinuum’s longer-term competitive position. Nexus roadmap announcement
- Negative Sentiment: Some analysts lowered their forecasts and price targets after the results. Cantor Fitzgerald cut its target from $90 to $55 and Needham lowered its target from $100 to $60, though both retained positive ratings—Overweight and Buy, respectively. The cuts may temper enthusiasm despite the earnings beat. Analysts cut forecasts after Q3 results
Analysts Set New Price Targets
QNT has been the topic of a number of analyst reports. Cantor Fitzgerald reduced their price objective on Quantinuum from $90.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday. Wall Street Zen upgraded Quantinuum from a “sell” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Quantinuum in a research note on Wednesday, August 12th. Weiss Ratings initiated coverage on Quantinuum in a report on Monday, August 31st. They set a “sell (d)” rating on the stock. Finally, Yorkville Ives assumed coverage on shares of Quantinuum in a research report on Monday, October 5th. They set an “outperform” rating and a $60.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Quantinuum has an average rating of “Moderate Buy” and an average target price of $85.62.
View Our Latest Research Report on Quantinuum
Quantinuum Stock Up 26.0%
The company has a market cap of $9.89 billion and a PE ratio of -134.18. The stock has a 50 day simple moving average of $43.41.
Quantinuum (NASDAQ:QNT – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.29) EPS for the quarter, beating the consensus estimate of ($0.99) by $0.70. The company had revenue of $9.05 million for the quarter. On average, equities research analysts anticipate that Quantinuum Inc. will post -4.76 EPS for the current fiscal year.
Institutional Trading of Quantinuum
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in shares of Quantinuum in the third quarter worth approximately $97,000. Pier 88 Investment Partners LLC acquired a new position in Quantinuum during the third quarter worth approximately $154,000. Fifth Third Bancorp increased its position in Quantinuum by 1,530.2% during the third quarter. Fifth Third Bancorp now owns 1,027 shares of the company’s stock worth $49,000 after purchasing an additional 964 shares during the last quarter. State of Wyoming acquired a new position in Quantinuum during the third quarter worth approximately $378,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Quantinuum during the third quarter worth approximately $206,000.
About Quantinuum
Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.
Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.
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