Quantinuum Inc. (NASDAQ:QNT) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Quantinuum Inc. (NASDAQ:QNT) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $98.42.

A number of research analysts have recently issued reports on the company. Bank of America began coverage on Quantinuum in a research note on Monday, June 29th. They issued a “buy” rating and a $100.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $155.00 target price on shares of Quantinuum in a research note on Wednesday, August 19th. Wall Street Zen cut Quantinuum from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Jefferies Financial Group set a $85.00 target price on Quantinuum in a report on Wednesday, August 12th. Finally, UBS Group initiated coverage on Quantinuum in a research note on Monday, June 29th. They issued a “buy” rating and a $93.00 price target on the stock.

Quantinuum Price Performance

Shares of NASDAQ QNT opened at $41.30 on Wednesday. Quantinuum has a twelve month low of $41.04 and a twelve month high of $86.79. The business’s fifty day moving average price is $52.32. The company has a market capitalization of $10.87 billion and a P/E ratio of -147.50.

Quantinuum (NASDAQ:QNT) last released its earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The company had revenue of $8.00 million for the quarter. As a group, analysts anticipate that Quantinuum will post -4.76 earnings per share for the current year.

Institutional Trading of Quantinuum

Large investors have recently modified their holdings of the stock. CoreCap Advisors LLC bought a new position in Quantinuum during the third quarter worth $32,000. Lisanti Capital Growth LLC acquired a new stake in Quantinuum in the second quarter worth $409,000. Integrated Wealth Concepts LLC bought a new stake in Quantinuum in the second quarter valued at $417,000. Outfitters Financial LLC bought a new stake in Quantinuum in the second quarter valued at $511,000. Finally, Moody National Bank Trust Division acquired a new position in shares of Quantinuum during the third quarter valued at about $525,000.

Quantinuum Company Profile

Quantinuum is a quantum computing and quantum information technology company that develops full-stack quantum computing systems, software and cybersecurity solutions. Its business combines trapped-ion quantum computing hardware with software designed to help organizations develop, test and run quantum applications.

The company offers quantum computing systems and related cloud access, as well as software products for quantum programming, algorithm development and chemistry research. Its portfolio has included the TKET software development toolkit, InQuanto for quantum chemistry and materials modeling, and Quantum Origin, a platform focused on quantum-enhanced cybersecurity and cryptographic key generation.