Quantum Computing Inc. (QUBT, Financial) is experiencing significant bullish momentum in the options market. An unusually high volume of 15,877 call options were traded, which is 1.8 times the usual amount, indicating increased investor interest. The implied volatility for these options has climbed nearly three points, reaching 120.03%.
The most active options are the 4/25 weekly 6.5 calls and 4/25 weekly 7 calls, with collective trading volume near 8,000 contracts. This heightened activity suggests that traders are positioning themselves potentially for a positive outcome as the company's earnings report approaches on May 8th.
Additionally, the Put/Call Ratio stands at a low 0.12, underscoring a strong bullish sentiment among investors towards QUBT's stock performance in the coming sessions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Quantum Computing Inc (QUBT, Financial) is $8.50 with a high estimate of $8.50 and a low estimate of $8.50. The average target implies an upside of 30.57% from the current price of $6.51. More detailed estimate data can be found on the Quantum Computing Inc (QUBT) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Quantum Computing Inc's (QUBT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Quantum Computing Inc (QUBT, Financial) in one year is $1.28, suggesting a downside of 80.34% from the current price of $6.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Quantum Computing Inc (QUBT) Summary page.
