Quantum Computing (NASDAQ:QUBT) Trading 6.5% Higher – Here's What Happened – MarketBeat
Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) rose 6.5% during trading on Friday . The company traded as high as $11.18 and last traded at $10.6850. Approximately 15,117,879 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 27,557,570 shares. The stock had previously closed at $10.03.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Lake Street Capital started coverage on Quantum Computing in a research note on Thursday, September 18th. They issued a “buy” rating and a $24.00 target price on the stock. Ascendiant Capital Markets increased their price target on shares of Quantum Computing from $22.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Wall Street Zen lowered shares of Quantum Computing from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Quantum Computing in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Quantum Computing currently has an average rating of “Hold” and a consensus target price of $26.33.
View Our Latest Stock Report on Quantum Computing
Quantum Computing Stock Performance
The firm has a market capitalization of $2.39 billion, a P/E ratio of -15.66 and a beta of 3.82. The firm’s 50-day moving average is $17.44 and its 200 day moving average is $15.77.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.10 million.
Insider Transactions at Quantum Computing
In other news, Director Robert B. Fagenson sold 5,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $16.88, for a total value of $84,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Yuping Huang sold 1,000,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $14.41, for a total transaction of $14,410,000.00. Following the transaction, the chief executive officer owned 21,287,718 shares of the company’s stock, valued at $306,756,016.38. The trade was a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,154,649 shares of company stock worth $16,805,481 in the last 90 days. 19.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Quantum Computing
A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of Quantum Computing by 44.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 26,732 shares of the company’s stock valued at $492,000 after acquiring an additional 8,191 shares in the last quarter. Two Sigma Investments LP boosted its position in Quantum Computing by 2.5% during the third quarter. Two Sigma Investments LP now owns 40,705 shares of the company’s stock valued at $749,000 after purchasing an additional 1,001 shares during the last quarter. Vident Advisory LLC bought a new position in Quantum Computing in the third quarter valued at approximately $845,000. Ghisallo Capital Management LLC bought a new position in Quantum Computing in the third quarter valued at approximately $74,194,000. Finally, Squarepoint Ops LLC increased its position in shares of Quantum Computing by 602.1% during the 3rd quarter. Squarepoint Ops LLC now owns 269,920 shares of the company’s stock worth $4,969,000 after purchasing an additional 231,473 shares during the last quarter. 4.26% of the stock is currently owned by institutional investors and hedge funds.
About Quantum Computing
(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.
Featured Stories
- Five stocks we like better than Quantum Computing
- How to Use Stock Screeners to Find Stocks
- Eli Lilly Strikes Deal With Trump: Why Shares Are Up 10% Since
- How to Choose Top Rated Stocks
- Here’s What We Learned From AST SpaceMobile’s Q3 Earnings Report
- 3 Defense Stocks Set to Benefit From Increased Military Spending
- 3 Stocks Quietly Leveraging AI While Everyone Chases NVIDIA
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Quantum Computing, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Quantum Computing wasn’t on the list.
While Quantum Computing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools.
Featured By
345 N Reid Place, Suite 620, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© MarketBeat Media, LLC 2010-2025. All rights reserved.
© 2025 Fair market value prices are updated every minute and are provided by Polygon.io. Other market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
My Account –
source
This is a newsfeed from leading technology publications. No additional editorial review has been performed before posting.
