Alliance Global Partners Begins Coverage on Quantum eMotion (NYSEAMERICAN:QNC)

Key Points

• Alliance Global Partners initiated coverage on Quantum eMotion with a "buy" rating and a $5.00 price target, implying about an 82.35% upside from the current price.
• Quantum eMotion (QNC) opened at $2.74 with a market cap of $556.95M, a negative P/E of -63.77, a beta of -11.34, and a 52‑week range of $0.37 to $4.56, indicating significant volatility.
• Quantum eMotion develops quantum-safe encryption solutions aimed at protecting consumer and enterprise devices, IoT, cloud applications, servers, and military equipment.

Alliance Global Partners began coverage on shares of Quantum eMotion (NYSEAMERICAN:QNC - Get Free Report) in a note issued to investors on Monday, Marketbeat reports. The brokerage set a "buy" rating and a $5.00 price target on the stock. Alliance Global Partners' price target points to a potential upside of 82.35% from the company's current price.

Quantum eMotion Trading Up 1.9%

NYSEAMERICAN:QNC opened at $2.74 on Monday. The company has a market cap of $556.95 million, a price-to-earnings ratio of -63.77 and a beta of -11.34. Quantum eMotion has a fifty-two week low of $0.37 and a fifty-two week high of $4.56.

About Quantum eMotion

Quantum eMotion Inc is dedicated to developing of a new generation of quantum-safe encryption for the quantum computing age. It is a developer of a new generation of cryptographic solutions under the acquisition of licenses. It allows clients and partners to develop secure quantum-safe encryption that can protect anything from consumer and enterprise devices like mobile phones, computers, the Internet of Things, and networking equipment to demanding cloud-based applications, servers, and military devices.

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