Cantor Fitzgerald Weighs in on QUBT FY2025 Earnings

Quantum Computing Inc. (NASDAQ:QUBT - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Quantum Computing in a research note issued on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen expects that the company will earn ($0.07) per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $15.00 target price on the stock. Cantor Fitzgerald also issued estimates for Quantum Computing's FY2026 earnings at ($0.27) EPS.

QUBT has been the subject of a number of other research reports. Wall Street Zen raised Quantum Computing from a "strong sell" rating to a "hold" rating in a report on Thursday, May 22nd. Ascendiant Capital Markets upped their target price on Quantum Computing from $14.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, June 6th.

Quantum Computing Stock Down 5.9%

Shares of NASDAQ:QUBT traded down $1.25 during trading on Friday, reaching $19.88. 21,688,576 shares of the company traded hands, compared to its average volume of 22,663,809. Quantum Computing has a 52 week low of $0.53 and a 52 week high of $27.15. The firm has a market capitalization of $2.80 billion, a PE ratio of -41.42 and a beta of 3.96. The company's 50 day moving average is $13.49 and its two-hundred day moving average is $10.70.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.18. The company had revenue of $0.04 million for the quarter, compared to the consensus estimate of $0.30 million.

Institutional Investors Weigh In On Quantum Computing

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new stake in shares of Quantum Computing in the first quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Quantum Computing in the second quarter valued at about $29,000. Tower Research Capital LLC TRC acquired a new stake in shares of Quantum Computing in the fourth quarter valued at about $30,000. Hollencrest Capital Management increased its stake in shares of Quantum Computing by 60.0% in the first quarter. Hollencrest Capital Management now owns 4,000 shares of the company's stock valued at $32,000 after buying an additional 1,500 shares during the period. Finally, IFP Advisors Inc bought a new stake in shares of Quantum Computing during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 4.26% of the company's stock.

Insider Transactions at Quantum Computing

In other Quantum Computing news, insider Yuping Huang sold 500,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.70, for a total value of $5,850,000.00. Following the completion of the transaction, the insider owned 21,236,906 shares of the company's stock, valued at $248,471,800.20. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Javad Shabani sold 39,973 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.66, for a total value of $466,085.18. The disclosure for this sale can be found here. Insiders sold 1,059,844 shares of company stock worth $14,685,149 in the last 90 days. 19.30% of the stock is currently owned by company insiders.

About Quantum Computing

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.