Quantum Computing (QUBT) Expected to Announce Quarterly Earnings on Thursday

Quantum Computing (NASDAQ:QUBT - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data after the market closes 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 issued its quarterly earnings data 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 firm had revenue of $0.06 million during the quarter, compared to analysts' expectations of $0.20 million. During the same quarter in the prior year, the company posted ($0.09) EPS.

Quantum Computing Trading Up 39.3%

Shares of QUBT stock traded up $3.63 during trading hours on Friday, reaching $12.87. The company's stock had a trading volume of 91,313,177 shares, compared to its average volume of 17,888,654. The stock has a market capitalization of $1.81 billion, a P/E ratio of -44.38 and a beta of 3.74. Quantum Computing has a one year low of $0.35 and a one year high of $27.15. The firm's fifty day simple moving average is $7.45 and its 200 day simple moving average is $8.28.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets lifted their price target on Quantum Computing from $8.50 to $14.00 and gave the company a "buy" rating in a research report on Monday, April 28th.

Insider Buying and Selling

In other Quantum Computing news, insider Yuping Huang sold 200,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of Quantum Computing by 288.9% during the first quarter. Millennium Management LLC now owns 651,455 shares of the company's stock valued at $5,212,000 after purchasing an additional 483,940 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Quantum Computing by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company's stock valued at $2,610,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Quantum Computing by 57.1% during the first quarter. Royal Bank of Canada now owns 53,752 shares of the company's stock valued at $430,000 after purchasing an additional 19,527 shares in the last quarter. 4.26% of the stock is owned by 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.