Quantum Computing (NASDAQ:QUBT – Get Free Report) is expected to be posting its Q1 2025 quarterly 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 posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) earnings per share (EPS) 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 period in the previous year, the business earned ($0.09) EPS.
Quantum Computing Price Performance
Quantum Computing stock opened at $11.36 on Monday. The firm has a 50 day simple moving average of $8.39 and a 200-day simple moving average of $9.07. The stock has a market capitalization of $1.60 billion, a PE ratio of -39.17 and a beta of 3.74. Quantum Computing has a 12-month low of $0.35 and a 12-month high of $27.15.
Insider Transactions at Quantum Computing
In other news, insider Yuping Huang sold 200,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the transaction, the insider now owns 24,051,256 shares in the company, valued at $203,954,650.88. This represents a 0.82% decrease in their position. The sale 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 firm’s stock in a transaction on 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 owned by insiders.
Institutional Trading of Quantum Computing
Several hedge funds and other institutional investors have recently bought and sold shares of QUBT. Royal Bank of Canada lifted its holdings 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 worth $430,000 after acquiring an additional 19,527 shares during the period. Millennium Management LLC raised its stake in shares of Quantum Computing by 288.9% in the first quarter. Millennium Management LLC now owns 651,455 shares of the company’s stock worth $5,212,000 after acquiring an additional 483,940 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Quantum Computing by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock worth $2,610,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Quantum Computing in the first quarter worth about $28,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
QUBT has been the subject of a number of research reports. Ascendiant Capital Markets raised their target price on shares of Quantum Computing from $8.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Quantum Computing from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 22nd.
Get Our Latest Stock Analysis on QUBT
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.
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