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QUBTQuantum Computing Inc.Sell5.6·$6.43
SellModerate Confidence
Investment thesis

Quantum Computing Inc. is a pre-profitability hardware company burning cash at a rate of -931% of revenue, with a quality score of 2.1 out of 10 and a confirmed death cross, but strong analyst upside consensus of 65%, 3 consecutive earnings beats, and volume accumulation signal speculative positioning ahead of potential commercial progress.

Thesis pillars

  • Extreme Cash Burn Pre Revenue→Stable
  • Death Cross Hard Block↑Improving
  • High Short Interest Squeeze Risk↑Improving
  • +1 more pillar — see the Why tab for full reasoning

Pillars as of Jul 3, 2026, based on the 10-K filed Mar 2, 2026· older than 90 days

Full reasoning →

Open full analysis

Quantum Computing Inc. (QUBT) Stock Analysis

Recovery setup · Inst Constrain edge

SellVALUE-TRAP 1/5ValueGrowthQualityShortModerate Confidence

Technology · Computer Hardware

Earnings in 4 days (2026-11-09). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Engine safety override at $6.43: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 13.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 35%; Below-average business quality; Negative price momentum.

Quantum Computing Inc. uses integrated photonics to develop room-temperature quantum computers, AI edge devices, and LiDAR products serving defense, computing, and cybersecurity markets. Revenue is pre-scale, derived from hardware sales and cloud access to its EQC optimization... Read more

$6.43+152.6% A.UpsideScore 5.6/10#14 of 25 Computer Hardware
QualityF-score4 / 9FCF yield-3.70%
Stop $5.98Analyst target $16.24(−13% haircut)A.R:R 13.8:1
Analyst consensus$18.67+190.3%6 analysts with price targets
$16.24Analyst target
$6.43price
$18.67mean
$32

Sell if holding. Engine safety override at $6.43: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 13.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 35%; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 42. Score 5.6/10, moderate confidence.

Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and earnings proximity 4d<=7d. Suitability: speculative.

10-K grounded · weekly refresh

About Quantum Computing Inc.

About Quantum Computing Inc.

Quantum Computing Inc. completed its thin film lithium niobate (TFLN) chip research and fabrication facility in Tempe, Arizona in March 2025 — enabling in-house production of photonic integrated circuits — and in February 2026 acquired Luminar Semiconductor, Inc., adding 23 issued patents and an in-house III-V photonic semiconductor fabrication facility. The company reported an accumulated deficit of $219.2 million as of December 31, 2025, consistent with its pre-commercial status as a developer of quantum photonic computing and sensing hardware.

QCi generates early-stage revenue from cloud-based and on-premises access to its Entropy Quantum Computer (EQC) optimization machines — the Dirac-3 device launched in Q1 2024, with Dirac-4 in development — foundry services producing custom TFLN optical chips at the AZ Chips Facility, and sales of the Neurawave photonic reservoir computing device launched in November 2025. Through the Luminar acquisition, QCi expanded into commercial photonic semiconductor products including laser diodes, semiconductor optical amplifiers, avalanche photodiodes, and photonic integrated circuits, primarily serving aerospace and defense, sensing and instrumentation, and optical communications markets. QCi competes against IBM, Google, Microsoft, IonQ, Rigetti Computing, PsiQuantum, and D-Wave Quantum, as well as research programs funded by China, Russia, Canada, Australia, the United Kingdom, and the European Union. QCi's EQC architecture operates at room temperature without cryogenic cooling, distinguishing it from superconducting and ion-trap competitors in terms of operational footprint.

Show full overview

QCi's public cloud infrastructure runs predominantly on Amazon Web Services, creating a single-platform dependency that the 10-K identifies as material — a contractual change with AWS could disrupt customer access to the cloud-based EQC interface and force a service migration. On the physical supply side, certain components are sourced from countries including China; the 10-K discloses that U.S.-China geopolitical deterioration or export controls could cut off key suppliers with little or no warning, and the company states it is actively searching for alternative suppliers outside China without assurance of comparable pricing or timelines.

See also: Technology · Computer Hardware

From Quantum Computing Inc.'s most recent 10-K filing, extracted June 11, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated Oct 29, 2026

Recent Developments — Quantum Computing Inc.

Latest item Oct 29, 2026 · Generated 2026-11-05T11:49:11Z.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Mon, Nov 9, 20264d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Quality below floor (2.5 < 4.0)

Key Metrics

P/E (TTM)—
P/E (Fwd)-27.2
Mkt Cap$1.5B
EV/EBITDA-8.6
Profit Mgn-152.5%
ROE-1.5%
Rev Growth9000.0%
Beta3.92
DividendNone
Analysts with ratings12

Quality Signals

Piotroski F4/9MoatNarrow

Options Flow

P/C1.09bearish
IV90%elevated
Max Pain$4-45.6% vs spot

Concentration Risks(10-K Item 1A)

  • MEDIUMSupplierAmazon Web Services
    10-K Item 1A: 'These public cloud services are predominantly on Amazon Web Services at the present time'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

3 floor-breakers·1 ceiling hit

Hyper-growth tech sacrificing current profitability for scale. Floor tripped because model treats negative margins uniformly; the growth dimension tells the other half of the story.static

Roe
0.0
Roa
0.0
Fcf Quality
0.0
Piotroski F
4.4
Current Ratio
5.0
Moat
5.8
Cash-burning: FCF -549% of revenueQuality concerns

Volatile — 5.5% daily ATR makes tight stops impractical. Position-size conservatively.static

Short Interest
0.0
Volatility
0.0
Implied Vol
0.0
Beta
0.0
Days To Cover
0.9
Max Pain Risk
3.0
Put Call
6.1
Debt Equity
9.9
High short interest justified: 35%High IV: 90%Above max pain $4

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Obv
1.0
Ma Position
1.0
Volume
3.2
Rsi
4.5
Macd
6.6
Volume distribution (falling OBV)Below 200-MA, MA slope -7.2%/30d — confirmed downtrend
GatesMomentum 3.3<4.5Death cross (50MA < 200MA)EARNINGS PROXIMITY 4d<=7dA.R:R 13.8 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRecoverySuitability: Speculative
RSI
42 · Neutral
↓ 20D MA↓ 50D MA↓ 200D MADEATH CROSSSupport $6.08Resistance $7.62

Price Targets

$6
$16
A.Upside+152.6%
A.R:R13.8:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeSteady

Risk Alerts

! Quality below floor (2.5 < 4.0)
! momentum at 3.3 (below the engine's 4.5 threshold)
! Death cross — 50-day MA below 200-day MA

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-11-09 (4d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is QUBT stock a buy right now?

Sell if holding. Engine safety override at $6.43: Quality below floor (2.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 13.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 35%; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 42. Prior stop was $5.98. Score 5.6/10, moderate confidence.

What is the QUBT stock price target?

Analyst target: $16.24 (+152.6% upside). Prior stop was $5.98. Stop-loss: $5.98.

What are the risks of investing in QUBT?

Quality below floor (2.5 < 4.0).

Is QUBT overvalued or undervalued?

Quantum Computing Inc. trades at a P/E of N/A (forward -27.2). TrendMatrix value score: 9.0/10. Verdict: Sell.

What do analysts say about QUBT?

12 analysts rate QUBT, with a consensus score of 3.9/5. 6 analysts publish price targets averaging $19.

What does Quantum Computing Inc. do?Quantum Computing Inc. uses integrated photonics to develop room-temperature quantum computers, AI edge devices, and...

Quantum Computing Inc. uses integrated photonics to develop room-temperature quantum computers, AI edge devices, and LiDAR products serving defense, computing, and cybersecurity markets. Revenue is pre-scale, derived from hardware sales and cloud access to its EQC optimization platform; accumulated deficit reached $219.2 million at December 31, 2025. In February 2026 QCi acquired Luminar Semiconductor, adding photonic chip fabrication capabilities.

Related stocks: RGTI (Rigetti Computing, Inc.) · QMCO (Quantum Corporation) · IQMX (IQM Quantum Computers Oyj) · ADIG (ADI Global Distribution Inc.) · SSYS (Stratasys, Ltd.)
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