Quantum Computing Inc. ($QUBT) Stock: Resumes Rally with Over 22% Surge as Traders Eye All-Time High
TLDR
QUBT shares soar 22%, reaching $20.40 amid bullish momentum and analyst upgrades.
Company posts $17 million net profit in Q1 2025, reversing a prior-year loss.
Options trading activity spikes, suggesting strong investor speculation.
Analysts eye key $27 resistance level as potential breakout point.
Quantum Foundry launch boosts optimism in long-term prospects.
Quantum Computing Inc. (NASDAQ: QUBT) stock surged 22.31% to $20.40 as of 1:42 PM EDT, continuing its upward momentum.
The stock has climbed over 75% in the past week, driven by positive earnings, bullish analyst sentiment, and strong options market activity.
QUBT’s impressive performance comes as the company reported a net profit of $17 million in Q1 2025, marking a sharp turnaround from last year’s net loss. This improvement aligns with rising interest in quantum photonics and computing solutions.
Quantum Computing QUBT Stock Resumes Uptrend with 20% Surge – Eyes All Time Highs https://t.co/7qTPtLhoCp #QuantumComputing
— Epic Plain (@EpicPlain) June 16, 2025
Q1 2025 Earnings Highlight a Strong Turnaround
Quantum Computing Inc. announced its Q1 2025 earnings on May 15, 2025. Revenue grew to $39,000 from $27,000 a year earlier. Gross margin slipped to 33% from 41%, but the company kept expenses under control despite a rise in operating costs to $8.3 million from $6.3 million.
The key highlight was net income reaching $17 million, or $0.13 per basic share, compared to a $6.4 million net loss in Q1 2024. Total assets rose to $242.5 million, while liabilities fell sharply to $21.7 million, boosting stockholders’ equity to $220.8 million. Cash and equivalents surged by $87.5 million, bringing the total to $166.4 million.
Analyst Upgrade Drives Fresh Optimism
A recent upgrade from Ascendiant Capital Markets lit a fire under QUBT shares. The firm lifted its price target from $14 to $22 while maintaining a “Buy” rating. This prompted increased buying interest, pushing the stock closer to its November 2024 all-time high of $27.13.
Technical traders are closely monitoring this level for a potential breakout that could drive prices to new highs. Some predict a stretch target of $37.50 if momentum sustains.
Options Market Sees Surge in Activity
Options traders are active as well, with 27,435 call options traded—1.7 times the average volume. This heightened activity suggests expectations of continued volatility and price gains, reinforcing the bullish sentiment.
The chart pattern supports this view, with QUBT recently breaking out of a rectangle formation—a positive technical signal. However, overbought indicators may lead to short-term selling pressure.
Quantum Foundry Launch Adds Long-Term Appeal
Beyond short-term trading action, QUBT completed its Quantum Photonic Chip Foundry in Tempe, Arizona. This strategic move could accelerate product development and foster new commercial and government partnerships. As quantum photonics demand rises, QUBT’s positioning strengthens.
Conclusion: Potential for Breakout but Risks Remain
Quantum Computing Inc. stands at a crucial technical and fundamental juncture. A successful breakout above $27 could unlock significant upside. However, traders remain cautious of a possible correction if momentum weakens. For now, QUBT appears well-placed to redefine quantum tech investing.
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Filed under: News - @ June 16, 2025 7:21 pm