Quantinuum Inc. (NASDAQ:QNT) Stock Rated “Moderate Buy” by Wall Street Analysts

Quantinuum Inc. (NASDAQ:QNT) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $94.23.

Several brokerages have recently commented on QNT. Yorkville Ives began coverage on Quantinuum in a research note on Monday, October 5th. They issued an “outperform” rating and a $60.00 target price for the company. Jefferies Financial Group set a $85.00 price target on Quantinuum in a research note on Wednesday, August 12th. Morgan Stanley raised Quantinuum from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $78.00 to $62.00 in a research note on Thursday, October 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price target on shares of Quantinuum in a report on Wednesday, August 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Quantinuum in a research note on Wednesday, August 12th.

Quantinuum Stock Performance

Shares of NASDAQ QNT opened at $33.60 on Friday. The company has a market capitalization of $8.85 billion and a price-to-earnings ratio of -120.00. The business’s fifty day moving average is $45.53. Quantinuum has a 12-month low of $32.91 and a 12-month high of $86.79.

Quantinuum (NASDAQ:QNT) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The business had revenue of $8.00 million for the quarter. As a group, equities analysts anticipate that Quantinuum will post -4.76 EPS for the current year.

Institutional Trading of Quantinuum

Several hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new stake in Quantinuum in the 3rd quarter valued at $378,000. Flagship Harbor Advisors LLC acquired a new position in Quantinuum during the third quarter worth $206,000. McGuire Investment Group LLC raised its holdings in Quantinuum by 1,892.4% during the third quarter. McGuire Investment Group LLC now owns 57,360 shares of the company’s stock worth $2,757,000 after buying an additional 54,481 shares during the last quarter. Canton Hathaway LLC lifted its stake in shares of Quantinuum by 21.5% in the third quarter. Canton Hathaway LLC now owns 22,748 shares of the company’s stock valued at $1,093,000 after buying an additional 4,023 shares in the last quarter. Finally, Outfitters Financial LLC lifted its stake in shares of Quantinuum by 180.0% in the third quarter. Outfitters Financial LLC now owns 17,500 shares of the company’s stock valued at $841,000 after buying an additional 11,250 shares in the last quarter.

About Quantinuum

Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.

Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.