Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Reaches New 52-Week Low - Time to Sell?

Key Points

• XNDU fell to a new 52-week low of $4.25, well below its 50-day moving average of $9.06, giving the stock a market capitalization of about $1.38 billion.
• Despite the selloff, analysts maintain a “Moderate Buy” consensus with an average price target of $28.75; ratings include one Strong Buy, three Buys, one Hold and one Sell.
• Xanadu reported a quarterly loss of $0.14 per share on $1.51 million in revenue, while analysts expect a full-year loss of approximately $0.54 per share. The company develops photonic quantum computers and related cloud and software tools.

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU - Get Free Report) hit a new 52-week low on Monday. The company traded as low as $4.25 and last traded at $4.27, with a volume of 478531 shares. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

XNDU has been the subject of a number of recent analyst reports. Royal Bank Of Canada started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Monday, September 28th. They issued an "outperform" rating and a $16.00 target price for the company. Canaccord Genuity Group cut their price target on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from $45.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Wall Street Zen raised shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a "strong sell" rating to a "sell" rating in a report on Saturday, June 20th. Weiss Ratings cut shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 26th. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Tuesday, July 28th. They set a "sector outperform" rating and a $22.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.75.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Stock Up 5.6%

The business's 50 day simple moving average is $9.06. The firm has a market cap of $1.38 billion, a PE ratio of -10.81 and a beta of 15.25. The company has a quick ratio of 25.09, a current ratio of 25.53 and a debt-to-equity ratio of 0.10.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU - Get Free Report) last posted its earnings results on Wednesday, August 5th. The quantum computing company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $1.51 million during the quarter. On average, research analysts forecast that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.54 earnings per share for the current fiscal year.

Institutional Trading of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares

An institutional investor recently bought a new position in Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares stock. Tidal Investments LLC bought a new position in shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,737 shares of the quantum computing company's stock, valued at approximately $324,000.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Company Profile

Xanadu Quantum Technologies Limited is a Canadian quantum computing company that develops photonic quantum computers and the software tools used to program them. Its technology is designed to use light particles, or photons, to perform quantum computations and support applications across areas such as materials science, drug discovery, finance and artificial intelligence.

The company provides access to its quantum hardware through cloud-based services and develops PennyLane, an open-source software framework for quantum machine learning, quantum chemistry and quantum computing.

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