Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.6667.

Several equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce initiated coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Tuesday, July 28th. They issued a “sector outperform” rating and a $22.00 target price on the stock. Zacks Research raised Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares to a “hold” rating in a research report on Tuesday, April 21st. Northland Securities started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Monday, April 20th. They issued an “outperform” rating and a $43.00 price objective on the stock. Weiss Ratings upgraded Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group initiated coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Thursday, April 23rd. They set a “buy” rating and a $45.00 target price for the company.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Stock Performance

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares stock opened at $11.31 on Tuesday. The company has a current ratio of 14.35, a quick ratio of 14.05 and a debt-to-equity ratio of 0.11. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a 52-week low of $6.97 and a 52-week high of $42.44. The stock’s 50 day moving average price is $12.34. The company has a market cap of $3.38 billion, a price-to-earnings ratio of -40.39 and a beta of 14.92.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) last posted its quarterly earnings data on Thursday, May 14th. The quantum computing company reported ($0.28) EPS for the quarter. The firm had revenue of $2.83 million for the quarter, compared to the consensus estimate of $0.70 million. As a group, equities research analysts predict that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.48 EPS for the current fiscal year.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Company Profile

Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.

Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.