IQM Quantum Computers (NASDAQ:IQMX) Shares Gap Up – Here’s Why

IQM Quantum Computers (NASDAQ:IQMX)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $9.80, but opened at $10.56. IQM Quantum Computers shares last traded at $10.2630, with a volume of 58,658 shares traded.

Analysts Set New Price Targets

Separately, Rothschild & Co Redburn began coverage on shares of IQM Quantum Computers in a research report on Monday, July 27th. They set a “neutral” rating and a $12.88 price target for the company. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.88.

IQM Quantum Computers Price Performance

IQM Quantum Computers (NASDAQ:IQMX) last posted its earnings results on Tuesday, August 4th. The quantum computing company reported ($1.37) earnings per share (EPS) for the quarter. The company had revenue of $7.77 million during the quarter.

About IQM Quantum Computers

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.