Quantum Computing Inc. Common
QUBT
$6.98
+3.10%
Quantum Computing Inc. is a technology company focused on developing integrated photonics and non-linear quantum optics for quantum computing and related applications. It positions itself as a provider of room-temperature, low-power quantum machines, aiming to bridge the gap between quantum hardware and enterprise adoption.…
QUBT
Quantum Computing Inc. Common
$6.98
Related headlines
Investment Opinion: Should I buy QUBT Today?
Based on a synthesis of the data, the objective assessment is a Sell/Hold for Speculators Only. The stock's valuation is completely disconnected from its current financial performance, trading at a Price-to-Sales ratio exceeding 2,400. While analyst projections are wildly optimistic, the company's minimal revenue, persistent losses, high cash burn, and extreme stock volatility present overwhelming fundamental risks. This stock is suitable only for investors with a very high risk tolerance and a long-term speculative horizon, understanding the high probability of capital loss.
Sign up to view all
QUBT 12-Month Price Forecast
The fundamental data overwhelmingly supports a bearish stance. The stock's price is sustained by narrative and sector hype, not financial reality, creating significant asymmetric downside risk over the next 12 months.
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Quantum Computing Inc. Common's 12-month outlook, with a consensus price target around $9.07 and implied upside of +29.9% versus the current price.
Average Target
$9.07
1 analysts
Implied Upside
+29.9%
vs. current price
Analyst Count
1
covering this stock
Price Range
$6 - $9
Analyst target range
Analyst coverage is limited, with only one analyst providing estimates for future EPS and revenue. The consensus estimated EPS is $1.90, with a range from $1.46 to $2.36, and estimated revenue is $1.48 billion. Recent institutional ratings from firms like Rosenblatt and Ascendiant Capital show a 'Buy' stance, while Cantor Fitzgerald maintains a 'Neutral' rating. The high revenue estimate suggests analysts see significant long-term commercial potential, but the limited number of analysts indicates coverage is sparse.
Bulls vs Bears: QUBT Investment Factors
QUBT is a quintessential high-risk, high-potential speculative investment. The bull case rests entirely on the massive projected revenue growth and sector tailwinds, while the bear case highlights the severe financial and valuation fundamentals that make the stock vulnerable. The current price reflects a battle between long-term optimism and near-term reality.
Bullish
- Massive Analyst Revenue Estimate: Single analyst projects $1.48B revenue, implying huge growth potential.
- Strong Balance Sheet: Current ratio of 102.4 and negligible debt provide financial runway.
- Sector Validation & Tailwinds: Microsoft's quantum roadmap validates the sector's long-term potential.
- Innovative Technology Focus: Focus on room-temperature, low-power quantum machines addresses key adoption barriers.
Bearish
- Extreme Valuation Disconnect: PS ratio of 2,475 vs. $198K quarterly revenue shows speculative excess.
- Severe Financial Losses: Negative net margin of -27.4% and deep negative free cash flow.
- High Volatility & Downtrend: Beta of 3.63 and 65.7% price decline over six months.
- Institutional Skepticism: News reports major investor exits, questioning monetization timeline.
QUBT Technical Analysis
The stock has been in a pronounced downtrend over the past six months, with the price falling from $19.98 on October 2, 2025, to $6.85 on March 31, 2026, representing a 65.7% decline. Short-term performance is also weak, with the stock down 18.5% over the past month and 33.2% over the past three months, significantly underperforming the broader market (SPY). The current price of $6.85 sits near the lower end of its 52-week range of $5.76 to $25.84, indicating the stock is trading close to its yearly low. The price has shown high volatility, with a beta of 3.631, and recently experienced a significant drawdown of -74.37% from its peak within the provided data period. No RSI or other momentum indicators were provided in the data for a more granular analysis of the current position. The recent price action shows consolidation at lower levels, with the price fluctuating between $6.31 and $7.45 in the final weeks of March 2026.
Beta
3.67
3.67x market volatility
Max Drawdown
-74.4%
Largest decline past year
52-Week Range
$6-$26
Price range past year
Annual Return
+12.4%
Cumulative gain past year
| Period | QUBT Return | S&P 500 |
|---|---|---|
| 1m | -8.5% | -2.8% |
| 3m | -41.5% | -4.4% |
| 6m | -63.3% | +0.9% |
| 1y | +12.4% | +32.8% |
| ytd | -36.6% | -3.3% |
Bobby - Your AI Investment Partner
Get real-time data, AI-driven personalized investment analysis to make smarter investment decisions
QUBT Fundamental Analysis
Revenue remains minimal and highly volatile, with the latest quarterly figure at $198,000 for Q4 2025, representing a modest year-over-year growth of 2.2%. Profitability is severely negative, with a net loss of $1.56 million in Q4 2025 and a trailing twelve-month net margin of -27.4%, indicating the company is burning cash on operations. Financial health shows a strong current ratio of 102.4, indicating ample short-term liquidity, and a negligible debt-to-equity ratio of 0.001, signifying minimal leverage. However, operating and free cash flows are deeply negative, with free cash flow over the trailing twelve months at -$36.98 million, highlighting a significant cash burn rate. Operational efficiency metrics are poor, with a negative Return on Equity (ROE) of -0.012 and a negative Return on Assets (ROA) of -0.036. The company's asset turnover is extremely low, reflecting minimal revenue generation relative to its asset base.
Quarterly Revenue
$198000.0B
2025-12
Revenue YoY Growth
+2.19%
YoY Comparison
Gross Margin
-0.49%
Latest Quarter
Free Cash Flow
$-36984000.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Open an Account, get $2 TSLA now!
Valuation Analysis: Is QUBT Overvalued?
Given the company's negative net income, the Price-to-Earnings (PE) ratio is not meaningful. Therefore, we use the Price-to-Sales (PS) ratio for valuation, which stands at an extremely high 2,474.6. This indicates the market is valuing the company at a massive premium relative to its minuscule revenue, typical for a pre-revenue, speculative technology firm. Peer comparison data for industry averages was not provided in the valuation inputs. The elevated PS ratio reflects investor expectations for future growth in the quantum computing sector rather than current financial performance.
PE
-90.4x
Latest Quarter
vs. Historical
Low-End
5-Year PE Range -268x~310x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
-69.6x
Enterprise Value Multiple
Investment Risk Disclosure
The primary risk is commercial execution failure. With quarterly revenue of only $198,000, the company's $1.7B market valuation is astronomically high (PS ratio ~2,475), creating immense downside risk if growth fails to materialize. The company is burning cash at a significant rate (TTM FCF -$36.98M), raising liquidity concerns despite a strong current ratio, as cash reserves will deplete without a path to profitability. Competitive and technological risks are severe. The quantum computing space is attracting well-funded tech giants like Microsoft, which could render QUBT's niche technology obsolete or uncompetitive. Furthermore, the stock's extreme volatility (beta 3.63) and recent 65.7% price collapse indicate high sensitivity to market sentiment and news flow, making it unsuitable for risk-averse investors. The exit of a major institutional investor, as noted in recent news, underscores deep skepticism in the investment community.
FAQ
The key risks are: 1) Commercialization failure, as revenue remains negligible. 2) Extreme cash burn (TTM FCF -$37M) risking future dilution. 3) Fierce competition from tech giants with deeper pockets. 4) Extraordinary stock volatility, with a beta of 3.63 and a 65.7% price drop in six months. 5) Reliance on a single analyst's optimistic, long-term revenue projection of $1.48B.
The 12-month outlook is highly uncertain and bifurcated. The base case (50% probability) sees the stock range-bound between $6 and $10, reflecting its current depressed state. The bear case (30%) could see it fall to $4-$6, near its 52-week low, on bad news. The bull case (20%) could see a rally to $15-$25 on positive catalysts, but this relies on a dramatic shift in sentiment, not fundamentals.
Based on standard financial metrics, QUBT is severely overvalued. With quarterly revenue of just $198,000, its market cap of ~$1.7 billion implies a Price-to-Sales ratio of approximately 2,475, which is astronomically high. The valuation is entirely based on future growth projections, not current performance, making it vulnerable to any disappointment.
For the vast majority of investors, QUBT is not a good stock to buy. It is a highly speculative investment with extreme valuation risk (PS ratio ~2,475), no profitability, and significant cash burn. It may only be suitable for investors with a very high risk tolerance who are willing to bet on long-term quantum computing adoption despite near-certain volatility and potential for large losses.
QUBT is unsuitable for short-term investment due to its extreme volatility and lack of near-term catalysts. It is theoretically a long-term investment, as quantum computing commercialization is years away. However, the extreme financial and valuation risks make it a very precarious long-term hold. It is best characterized as a long-dated, high-risk speculative bet, not a traditional long-term investment.