Quantum Computing Inc. (QUBT) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Seven firms give Quantum Computing a consensus “Hold” rating—four buys, two holds and one sell—with an average 12-month price target of $18.67.
• The company reported a quarterly loss of $0.05 per share, missing analysts’ $0.03 loss estimate, while revenue of $5.55 million topped the $5.15 million consensus.
• Institutional investors and hedge funds own 4.26% of the stock; shares opened at $6.33, below their 50-day and 200-day moving averages of $7.55 and $8.62.

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.67.

Several equities analysts have issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $22.00 target price on shares of Quantum Computing in a research note on Monday, October 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Quantum Computing in a research note on Monday, September 21st. Ascendiant Capital Markets increased their price target 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 raised shares of Quantum Computing from a "strong sell" rating to a "sell" rating in a research note on Saturday, October 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $10.00 target price on shares of Quantum Computing in a report on Tuesday, August 11th.

Hedge Funds Weigh In On Quantum Computing

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Quantum Computing in the 2nd quarter valued at about $29,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Quantum Computing by 106.4% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,948 shares of the company's stock worth $25,000 after acquiring an additional 1,520 shares during the last quarter. MCF Advisors LLC bought a new position in shares of Quantum Computing during the 2nd quarter valued at about $29,000. State of Wyoming acquired a new stake in shares of Quantum Computing in the second quarter valued at approximately $29,000. Finally, EFG International AG acquired a new stake in shares of Quantum Computing in the 2nd quarter valued at $48,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.

Quantum Computing Stock Performance

Shares of NASDAQ:QUBT opened at $6.33 on Friday. The stock has a market cap of $1.43 billion, a PE ratio of -90.42 and a beta of 3.95. Quantum Computing has a one year low of $5.39 and a one year high of $14.45. The business's fifty day moving average price is $7.55 and its two-hundred day moving average price is $8.62.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The business had revenue of $5.55 million for the quarter, compared to the consensus estimate of $5.15 million. As a group, equities research analysts predict that Quantum Computing will post -0.19 earnings per share for the current fiscal year.

About Quantum Computing

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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