74,750 Shares in IQM Quantum Computers $IQMX Purchased by SLT Holdings LLC

SLT Holdings LLC bought a new position in shares of IQM Quantum Computers (NASDAQ:IQMX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 74,750 shares of the quantum computing company’s stock, valued at approximately $775,000.

Separately, GAMMA Investing LLC bought a new position in IQM Quantum Computers in the 3rd quarter valued at about $31,000.

IQM Quantum Computers Stock Performance

IQMX stock opened at $9.50 on Friday. IQM Quantum Computers has a 52 week low of $8.74 and a 52 week high of $15.10. The company has a 50-day simple moving average of $10.18.

IQM Quantum Computers (NASDAQ:IQMX) last issued its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($1.37) earnings per share for the quarter. The business had revenue of $7.77 million for the quarter. On average, analysts predict that IQM Quantum Computers will post -3.30 EPS for the current year.

Analysts Set New Price Targets

IQMX has been the subject of several research reports. TD Cowen initiated coverage on shares of IQM Quantum Computers in a research report on Friday, October 2nd. They set a “buy” rating for the company. BTIG Research started coverage on IQM Quantum Computers in a research report on Monday, September 21st. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Research upgraded IQM Quantum Computers to a “hold” rating in a research note on Tuesday, October 6th. Rothschild & Co Redburn assumed coverage on IQM Quantum Computers in a report on Monday, July 27th. They set a “neutral” rating and a $12.88 price target for the company. Finally, Weiss Ratings assumed coverage on IQM Quantum Computers in a report on Friday, September 25th. They set a “sell (d)” rating for the company. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.44.

IQM Quantum Computers Company Profile

IQM Quantum Computers is a Finland-based quantum computing company that develops superconducting quantum processors and complete quantum computing systems. Its technology is designed for use by research institutions, universities, high-performance computing centers and commercial organizations exploring applications such as simulation, optimization and machine learning.

The company provides quantum hardware, system integration and related software and services. Its offerings support both on-premises installations and access through cloud-based environments, allowing customers to develop and run quantum algorithms alongside conventional computing resources.

Founded in 2018 by a group of quantum technology researchers and entrepreneurs, IQM has expanded its operations across Europe, including activities in Finland, Germany, France, Spain and Poland.