Quantum Computing Inc Stock Closes at $7.43 With $6.25 Net Cash Per Share; Analysts Target $18.33

QUBT6.18%
Quantum Computing Inc's QUBT stock closed at $7.43 on July 24, 2026, valuing the company at approximately $1.68 billion. According to its Q1 2026 balance sheet filed with the SEC, the company held $1.409 billion in cash and investments against total liabilities of just $23.4 million, equating to roughly $6.25 of net cash per share. Six covering analysts carry an average price target of $18.33, implying approximately 146.7% upside from the July 24 close. In Q1 2026, foundry-related revenue from thin-film lithium niobate photonic chips reached approximately $120,000, a four-to-five-fold increase from Q4 2025 but minimal against the company's market capitalisation. CEO Dr. Yuping Huang disclosed the company's microring resonators currently achieve a quality factor of around 2 million, requiring a five-fold improvement to reach the target of 10 million. The company reported a net loss of $39.71 million in the current period.
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