Quantum Computing (NASDAQ:QUBT) Sees Unusually-High Trading Volume – Here’s Why

Quantum Computing Inc. (NASDAQ:QUBT) shares saw an uptick in trading volume on Friday . 18,633,829 shares changed hands during mid-day trading, an increase of 15% from the previous session’s volume of 16,235,482 shares.The stock last traded at $12.9090 and had previously closed at $11.41.

Quantum Computing News Roundup

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

• Positive Sentiment: QUBT is benefiting from a sector-wide rally after reports that the U.S. government is considering backing or taking stakes in select quantum computing companies, fueling speculation that the industry could receive major policy support. QUBT Rallies With the Rest of Quantum Computing, but Don’t Buy the Hype
• Positive Sentiment: Investors are also reacting to follow-through buying in the quantum trade after Thursday’s surge, with QUBT continuing to move as part of a basket of high-beta quantum stocks rather than on company-specific news alone. Rigetti Surges 17%, Quantum Computing Inc. Soars 14%, D-Wave Pops 13%, IonQ Rises 8%: The Quantum Bounce Becomes a Rally
• Neutral Sentiment: Some commentary is turning more cautious, noting that QUBT’s valuation remains highly speculative and must be justified by future execution, which could create volatility even as the stock rises. Quantum Computing Inc.: The Story Is Big, But The Valuation Must Be Earned
• Negative Sentiment: Bearish articles are also emphasizing that QUBT remains a high-risk, heavily shorted “moonshot” stock, suggesting the move may be driven more by speculation than by fundamental improvement. Why Quantum Computing (QUBT) Remains a High-Risk Quantum Bet

Analysts Set New Price Targets

A number of research firms recently commented on QUBT. Northland Securities began coverage on Quantum Computing in a research note on Monday, April 20th. They issued an “outperform” rating and a $20.00 price target for the company. Wall Street Zen upgraded Quantum Computing from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a research note on Friday, March 27th. Cantor Fitzgerald decreased their price target on Quantum Computing from $15.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price target on shares of Quantum Computing in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Quantum Computing currently has a consensus rating of “Hold” and an average price target of $17.50.

Quantum Computing Stock Up 7.9%

The stock has a 50 day simple moving average of $8.55 and a 200 day simple moving average of $9.95. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -43.96 and a beta of 3.70.

Quantum Computing (NASDAQ:QUBT) last issued its earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $3.69 million during the quarter, compared to analyst estimates of $3.13 million. As a group, analysts forecast that Quantum Computing Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In other Quantum Computing news, CFO Christopher Bruce Roberts sold 68,902 shares of Quantum Computing stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $7.85, for a total value of $540,880.70. Following the completion of the transaction, the chief financial officer directly owned 1,132,398 shares in the company, valued at $8,889,324.30. The trade was a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 19.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Quantum Computing

Several hedge funds and other institutional investors have recently made changes to their positions in QUBT. Alyeska Investment Group L.P. acquired a new position in shares of Quantum Computing during the third quarter worth approximately $123,014,000. Marex Group plc boosted its position in shares of Quantum Computing by 255.6% during the fourth quarter. Marex Group plc now owns 8,272,153 shares of the company’s stock worth $84,872,000 after buying an additional 5,945,679 shares during the period. Vanguard Group Inc. boosted its position in shares of Quantum Computing by 38.1% during the fourth quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after buying an additional 4,643,818 shares during the period. Ghisallo Capital Management LLC acquired a new position in shares of Quantum Computing during the third quarter worth approximately $74,194,000. Finally, Defiance ETFs LLC acquired a new position in shares of Quantum Computing during the fourth quarter worth approximately $33,071,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.

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.