Cantor Fitzgerald Has Weak Outlook for QUBT FY2025 Earnings

Quantum Computing Inc. (NASDAQ:QUBT) – Equities researchers at Cantor Fitzgerald lowered their FY2025 earnings estimates for shares of Quantum Computing in a research note issued to investors on Monday, August 18th. Cantor Fitzgerald analyst T. Jensen now anticipates that the company will post earnings per share of ($0.26) for the year, down from their previous forecast of ($0.07). Cantor Fitzgerald currently has a “Neutral” rating and a $15.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Quantum Computing’s FY2026 earnings at ($0.33) EPS.

Other equities analysts also recently issued reports about the stock. Ascendiant Capital Markets boosted their price target on shares of Quantum Computing from $14.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Wall Street Zen lowered shares of Quantum Computing from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Quantum Computing Price Performance

Shares of NASDAQ:QUBT opened at $14.62 on Wednesday. Quantum Computing has a 1 year low of $0.58 and a 1 year high of $27.15. The company has a market capitalization of $2.34 billion, a PE ratio of -21.50 and a beta of 4.09. The business has a fifty day moving average price of $17.49 and a two-hundred day moving average price of $11.56.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $0.06 million for the quarter, compared to analysts’ expectations of $0.10 million.

Institutional Investors Weigh In On Quantum Computing

A number of institutional investors and hedge funds have recently modified their holdings of QUBT. Nisa Investment Advisors LLC bought a new position in shares of Quantum Computing in the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Quantum Computing in the 2nd quarter worth approximately $29,000. FWL Investment Management LLC bought a new position in Quantum Computing in the 2nd quarter valued at $33,000. Tower Research Capital LLC TRC bought a new position in Quantum Computing in the 4th quarter valued at $30,000. Finally, Allworth Financial LP purchased a new position in shares of Quantum Computing during the 2nd quarter valued at $42,000. 4.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quantum Computing

In other news, CFO Christopher Boehmler sold 46,440 shares of the firm’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $20.00, for a total value of $928,800.00. Following the completion of the transaction, the chief financial officer directly owned 351,152 shares of the company’s stock, valued at $7,023,040. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Turmelle sold 200,986 shares of Quantum Computing stock in a transaction on Monday, June 9th. The shares were sold at an average price of $14.18, for a total value of $2,849,981.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 519,871 shares of company stock worth $8,369,064. Company insiders own 19.30% of the company’s stock.

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.