Quantum Computing (NASDAQ:QUBT - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data on Thursday, May 15th. 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 posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to analysts' expectations of $0.20 million. During the same quarter in the previous year, the firm earned ($0.09) EPS.
Quantum Computing Price Performance
QUBT traded up $0.14 on Wednesday, reaching $8.93. 21,696,034 shares of the company's stock were exchanged, compared to its average volume of 17,292,114. The stock's fifty day moving average price is $7.11 and its 200-day moving average price is $8.09. Quantum Computing has a twelve month low of $0.35 and a twelve month high of $27.15. The stock has a market cap of $1.23 billion, a PE ratio of -30.79 and a beta of 3.74.
Insider Activity
In other news, insider Yuping Huang sold 200,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 24,051,256 shares of the company's stock, valued at approximately $203,954,650.88. The trade was a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.10% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets lifted their target price on shares of Quantum Computing from $8.50 to $14.00 and gave the stock a "buy" rating in a research note on Monday, April 28th.
View Our Latest Report on QUBT
Quantum Computing Company Profile
(
Get Free Report)
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.
Further Reading
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