Quantum Computing (QUBT) Expected to Announce Earnings on Monday

Quantum Computing (NASDAQ:QUBT - Get Free Report) is anticipated to announce its Q1 2025 earnings results on Monday, June 9th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $0.30 million for the quarter.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The firm had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.20 million. During the same quarter in the previous year, the company earned ($0.09) EPS.

Quantum Computing Trading Up 4.2%

Shares of QUBT traded up $0.48 during trading hours on Monday, reaching $11.80. 12,130,308 shares of the stock traded hands, compared to its average volume of 19,343,513. Quantum Computing has a 52-week low of $0.35 and a 52-week high of $27.15. The company's 50-day moving average price is $8.39 and its two-hundred day moving average price is $9.07. The company has a market cap of $1.66 billion, a P/E ratio of -40.69 and a beta of 3.74.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QUBT. Wall Street Zen upgraded shares of Quantum Computing from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Ascendiant Capital Markets lifted their target price on shares of Quantum Computing from $8.50 to $14.00 and gave the company a "buy" rating in a research note on Monday, April 28th.

Insiders Place Their Bets

In related news, insider Yuping Huang sold 200,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.48, for a total value of $1,696,000.00. Following the completion of the transaction, the insider now directly owns 24,051,256 shares of the company's stock, valued at approximately $203,954,650.88. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Javad Shabani sold 39,973 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $11.66, for a total transaction of $466,085.18. The disclosure for this sale can be found here. Insiders have sold a total of 739,973 shares of company stock worth $8,012,085 in the last 90 days. 19.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Quantum Computing

Several hedge funds have recently made changes to their positions in QUBT. Royal Bank of Canada raised its position in shares of Quantum Computing by 57.1% during the 1st quarter. Royal Bank of Canada now owns 53,752 shares of the company's stock valued at $430,000 after buying an additional 19,527 shares in the last quarter. Millennium Management LLC raised its position in shares of Quantum Computing by 288.9% during the 1st quarter. Millennium Management LLC now owns 651,455 shares of the company's stock valued at $5,212,000 after buying an additional 483,940 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Quantum Computing by 0.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company's stock valued at $2,610,000 after buying an additional 2,280 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Quantum Computing during the 1st quarter valued at about $28,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Computing Company Profile

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.