Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $33.00.

Several research analysts have commented on the stock. Canadian Imperial Bank of Commerce assumed coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Tuesday, July 28th. They set a “sector outperform” rating and a $22.00 price objective for the company. Canaccord Genuity Group reduced their target price on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Weiss Ratings cut shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Price Performance

NASDAQ:XNDU opened at $10.26 on Friday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -24.43 and a beta of 14.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 25.53 and a quick ratio of 25.09. The company has a 50 day moving average of $11.08. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a 1 year low of $6.97 and a 1 year high of $42.44.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) last released its earnings results on Wednesday, August 5th. The quantum computing company reported ($0.14) earnings per share for the quarter. The firm had revenue of $1.51 million during the quarter. As a group, analysts expect that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.54 earnings per share for the current fiscal year.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Company Profile

Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.

Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.