Quantum Computing (NASDAQ:QUBT) Sets New 52-Week Low - What's Next?

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $6.11 and last traded at $6.1780, with a volume of 315,510 shares traded. The stock had previously closed at $6.31.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Lake Street Capital reiterated a "buy" rating on shares of Quantum Computing in a research note on Monday, July 6th. Wedbush assumed coverage on shares of Quantum Computing in a research note on Monday, August 3rd. They issued a "neutral" rating and a $12.00 price target on the stock. Wall Street Zen raised shares of Quantum Computing from a "strong sell" rating to a "sell" rating in a report on Saturday, September 26th. Rosenblatt Securities reissued a "buy" rating and set a $22.00 price target on shares of Quantum Computing in a report on Monday, June 29th. Finally, Ascendiant Capital Markets lifted their target price on Quantum Computing from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, August 26th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Quantum Computing currently has a consensus rating of "Hold" and a consensus target price of $18.67.