Quantum Computing Inc. (QUBT, Financial) experienced a notable increase in bullish options activity, with approximately 9,366 call options exchanged. This volume is consistent with expectations, marked by a 1.0x ratio. As a result, the implied volatility for the stock's options has risen by nearly four percentage points, reaching 126.29%.
The most traded options were the Apr-25 8 call and Apr-25 7.5 call contracts, which together accounted for nearly 3,900 contracts. This active trading suggests heightened interest in the company's prospects as these particular contracts are drawing significant attention among investors.
Additionally, the Put/Call Ratio stands at a low 0.26, indicating a strong preference for call options over puts, thereby underscoring a bullish sentiment among traders. Investors are closely watching the company as it is scheduled to report earnings on May 8th, an event that could further influence its stock price and options market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Quantum Computing Inc (QUBT, Financial) is $8.50 with a high estimate of $8.50 and a low estimate of $8.50. The average target implies an upside of 16.84% from the current price of $7.28. More detailed estimate data can be found on the Quantum Computing Inc (QUBT) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Quantum Computing Inc's (QUBT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Quantum Computing Inc (QUBT, Financial) in one year is $1.28, suggesting a downside of 82.41% from the current price of $7.275. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Quantum Computing Inc (QUBT) Summary page.
