QUBT Stock Soars 75% in 4 Days on Quantum Computing Upgrade – Is $27.20 Next?

Quick overview

As optimistic enthusiasm pushes the stock closer to record highs, Quantum Computing Inc. has launched a strong upward trend, rising 75% in less than a week.

Massive Four-Day Rally Driven by Upgraded Outlook

Quantum Computing Inc. (NASDAQ: QUBT) saw its stock soar again today, extending a rapid rally that began late last week. After opening higher at $17.04, the stock spiked to an intraday high of $20.91 before paring back gains slightly to close at $18.70. That marks a 26% gain on the day, on robust trading volume totaling around $1.53 million.

The move comes on the heels of a strong run that began Friday, when shares were priced near $12. Since then, QUBT has surged an impressive 75% over just four trading sessions. Investor momentum was significantly boosted by a bullish note from Ascendiant Capital Markets, which reaffirmed its “buy” rating and lifted its price target from $14 to $22. That target nearly came into reach during today’s session, adding to the bullish enthusiasm.

Key Technical Levels in Sight

Today’s action saw QUBT reclaim the $20 level for the first time since January, a technical milestone that has sparked fresh momentum among traders. With the next major resistance now sitting near the all-time high of $27.20, many market watchers believe the rally may have more room to run—especially if bullish sentiment and volume continue to rise.

QUBT Chart Daily – Buyers Are Accelerating the Push

Chart analysts note that breaching the $20 level again could establish a new base for upward continuation. The sustained strength in the face of earlier volatility also suggests that recent gains may be more than just a short-lived spike.

QUBT Swings to Profit on Warrant Valuation Adjustment

Quantum Computing Inc. posted a strong headline profit on the back of a technical valuation adjustment, but underlying revenue remains minimal. With insiders exclusively selling shares recently, the company’s financial momentum may still rely heavily on balance sheet mechanics rather than core business growth. Investors may want to look past the profit swing and scrutinize fundamentals more closely.

• Quantum Computing Inc. (NASDAQ: QUBT) reported a net income of $16.98 million in Q1, reversing a $6.4 million loss from the same period last year.
• The shift to profitability was primarily driven by a $23.6 million non-cash gain, linked to the mark-to-market valuation of warrant liabilities stemming from its June 2022 merger with QPhoton.

Revenue Sees Modest Growth

• Revenues increased by 44%, reaching $39,000 in Q1, compared to $27,000 in Q1 of the previous year.
• The rise reflects modest operational progress, though revenues remain very low for a publicly listed tech company.

Insider Activity Signals Caution

• In the past 6 months, QUBT insiders made 3 open market stock trades.
• All 3 transactions were sales, with zero insider purchases, potentially signaling lack of internal confidence or profit-taking behavior.

Conclusion: A Momentum Stock With Lofty Ambitions

QUBT has rapidly transformed into one of the most closely watched momentum plays in the tech space this month. While questions remain about the company’s longer-term financial metrics, the recent breakout, driven by upgraded analyst sentiment and technical tailwinds, places the stock on an ambitious trajectory. With the $27.20 all-time high now within striking distance, the next few sessions could be crucial for determining whether this is the start of a longer-term uptrend or a sharp burst of speculative energy.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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