QUBT Stock — Quantum Computing Inc. (NASDAQ: QUBT) stock skyrocketed more than 30% in Tuesday’s trading session, continuing a staggering multi-week rally that has turned the micro-cap quantum tech firm into one of the Nasdaq’s most-watched names. The stock closed at $19.74, up $4.61 on the day, marking one of its most explosive sessions of the year.
This latest surge adds to an already dramatic upswing. Over just five days, QUBT has gained more than 54%, and over the past month, it has soared by a remarkable 105%. Its six-month performance is even more impressive, with gains of over 202%. On a one-year basis, the stock has delivered a jaw-dropping return of 3,040%, drawing attention from retail investors and hedge funds alike.
Despite the recent rally, QUBT’s year-to-date gain stands at a relatively modest 16.78%, reflecting how deeply the stock had declined earlier in the year. In fact, the stock is still down nearly 68% from its all-time highs, reminding investors of its highly volatile history and speculative nature.
The company’s fundamentals offer a mixed picture. In its most recent quarterly report, Quantum Computing posted a loss of $0.47 per share, significantly missing analyst expectations of a $0.05 loss. Revenue for the quarter came in at just $60,000, well below the consensus estimate of $200,000. These figures underscore the company’s early-stage status and the high-risk, high-reward dynamic it presents.
Still, some analysts are turning cautiously optimistic. Ascendiant Capital Markets recently raised its price target for the stock from $14 to $22 and issued a “Buy” rating. Wall Street Zen also upgraded the stock from a “Strong Sell” to a “Hold.” These upgrades reflect growing belief in the company’s potential, especially amid broader market enthusiasm for quantum technologies.
Institutional investors are beginning to take notice. Vanguard Group increased its stake by 24% last quarter, now holding over 5.1 million units of QUBT. Meanwhile, hedge funds like Alyeska Investment Group and Anson Funds have taken significant new positions, suggesting a shift in sentiment among more sophisticated players.
The recent rally was accompanied by a spike in trading volume, which surged 82% above average levels. Insider activity has also drawn attention, with company insiders selling nearly $8 million worth of stock in May. While insider selling can raise questions, the overall volume traded during the rally has diluted its impact.
Quantum Computing Inc. is focused on developing compact, energy-efficient quantum machines and security applications. Its product line includes photonic quantum computers, random number generators, and entanglement-based cybersecurity tools. The company aims to make quantum computing more accessible and scalable across enterprise and government markets.