Quantum Computing (QUBT, Financial) is experiencing notable bullish sentiment in the options market, as evidenced by the trading of 27,435 call options, which is 1.7 times the anticipated volume. This surge in activity has driven implied volatility up by over 15 points, reaching 133.94%. Among the options, the Jun-25 20 calls and Jun-25 19 calls have been particularly popular, with approximately 6,500 contracts traded for these strikes. The Put/Call Ratio stands at 0.54, indicating a tilt towards calls over puts. Investors are looking ahead to the company's anticipated earnings report on August 14th, which could further influence 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 $22.00 with a high estimate of $22.00 and a low estimate of $22.00. The average target implies an upside of 14.11% from the current price of $19.28. 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 $1.53, suggesting a downside of 92.06% from the current price of $19.2799. 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.
QUBT Key Business Developments
Release Date: May 15, 2025
- Revenue: $39,000 for Q1 2025, up from $27,000 in Q1 2024.
- Gross Margin: Decreased to 33% from 41% in Q1 2024.
- Operating Expenses: $8.3 million, compared to $6.3 million in Q1 2024.
- Net Income: $17 million or $0.13 per basic share, compared to a net loss of $6.4 million in Q1 2024.
- Total Assets: $242.5 million as of March 31, 2025, up from $153.6 million at year-end 2024.
- Cash and Cash Equivalents: Increased by $87.5 million to $166.4 million at quarter end.
- Total Liabilities: $21.7 million, a decrease of approximately $25 million compared to year-end 2024.
- Stockholders' Equity: Rose to $220.8 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Quantum Computing Inc (QUBT, Financial) completed the construction of its Quantum photonic chip foundry in Tempe, Arizona, marking a significant milestone.
- The company secured its fifth purchase order for foundry services from a leading Canadian research institute, indicating global demand for its capacities.
- Quantum Computing Inc (QUBT) announced a collaboration with the Sanders Tri-Institutional Therapeutics Discovery Institute, leveraging its Dirac-3 quantum optimization machine for advanced research.
- The company secured a new subcontract with NASA's Langley Research Center to apply its Dirac-3 quantum machine, building on prior collaborations.
- Quantum Computing Inc (QUBT) strengthened its Board with the addition of Eric Schwartz, who brings over 20 years of experience in financing, M&A, and corporate strategy.
Negative Points
- First quarter 2025 revenues were only $39,000, showing modest growth from $27,000 in the prior year quarter.
- Gross margin decreased to 33% from 41% in the first quarter of 2024, indicating variability at the current revenue level.
- Operating expenses increased to $8.3 million from $6.3 million in the same quarter last year, driven mainly by employee-based expenses.
- The company is still in the process of discovering customers and validating its products, which takes time and may delay revenue growth.
- Despite a stronger financial position, the company acknowledges past financial challenges and the need to boost its sales and business development team.
