Quantum Computing (NASDAQ:QUBT) Stock Price Down 2.6% – Time to Sell?

Quantum Computing Inc. (NASDAQ:QUBT)’s share price fell 2.6% during mid-day trading on Thursday . The stock traded as low as $12.16 and last traded at $12.18. 23,254,103 shares were traded during trading, an increase of 31% from the average session volume of 17,716,184 shares. The stock had previously closed at $12.51.

More Quantum Computing News

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on QUBT with a “Buy” rating and a $22 price target (about an 80% upside vs. the current price), a clear bullish catalyst that can support upside if momentum shifts to fundamentals and sentiment. Rosenblatt Buy Coverage (Benzinga) Barron’s: Rosenblatt on Quantum Stocks
• Positive Sentiment: Broad analyst optimism in the sector also included Quantum Computing in a roundup of names analysts remain bullish on, which can attract momentum and headline-driven flows. Analysts Still Bullish (247WallSt)
• Neutral Sentiment: Longer-form commentary urges caution: several pieces note the sector’s rapid gains last year and flag valuation and execution risks even as the addressable market looks large — useful context but not an immediate price catalyst. Quarterly/sector analysis (The Motley Fool)
• Negative Sentiment: Recent insider selling is weighing on the stock: reports show insider transactions and headlines linking a drop in trading to insider sales, which often spooks retail traders and can increase short-term downward pressure. Trading Down on Insider Selling (AmericanBankingNews) Insider Sale Detail (AmericanBankingNews)
• Negative Sentiment: A published price target cut (reported to $16.58, ~18.75% reduction) signals at least one analyst has trimmed expectations, which can blunt upside from the new buy rating and contribute to near-term weakness. Price Target Cut (MSN)

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QUBT shares. Wedbush began coverage on shares of Quantum Computing in a report on Wednesday, December 17th. They set a “neutral” rating and a $12.00 price target for the company. Rosenblatt Securities initiated coverage on Quantum Computing in a report on Thursday. They issued a “buy” rating and a $22.00 target price on the stock. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Ascendiant Capital Markets decreased their target price on Quantum Computing from $40.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Finally, Lake Street Capital cut their price target on Quantum Computing from $24.00 to $16.00 and set a “buy” rating for the company in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

Quantum Computing Trading Down 2.6%

The company has a market cap of $2.73 billion, a price-to-earnings ratio of -19.97 and a beta of 3.49. The stock has a 50 day moving average price of $11.59 and a two-hundred day moving average price of $15.41.

Quantum Computing (NASDAQ:QUBT) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $0.38 million during the quarter, compared to the consensus estimate of $0.12 million.

Insider Buying and Selling at Quantum Computing

In related news, COO Milan Begliarbekov sold 2,860 shares of Quantum Computing stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $11.85, for a total transaction of $33,891.00. Following the transaction, the chief operating officer owned 24,240 shares of the company’s stock, valued at $287,244. This trade represents a 10.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Quantum Computing

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in Quantum Computing during the 2nd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Quantum Computing during the 2nd quarter valued at about $29,000. Farther Finance Advisors LLC lifted its holdings in shares of Quantum Computing by 724.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,501 shares of the company’s stock valued at $28,000 after purchasing an additional 1,319 shares in the last quarter. FWL Investment Management LLC bought a new stake in Quantum Computing during the 2nd quarter worth approximately $33,000. Finally, New Millennium Group LLC acquired a new stake in Quantum Computing during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Company Profile

Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.

The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.