IQM Quantum Computers (NASDAQ:IQMX) Upgraded by BTIG Research to Strong-Buy Rating

IQM Quantum Computers (NASDAQ:IQMX) was upgraded by research analysts at BTIG Research to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Rothschild & Co Redburn started coverage on shares of IQM Quantum Computers in a research note on Monday, July 27th. They issued a “neutral” rating and a $12.88 price objective for the company. Wall Street Zen raised IQM Quantum Computers to a “hold” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $16.44.

IQM Quantum Computers Trading Up 7.5%

IQMX opened at $10.26 on Monday. The business’s fifty day moving average price is $10.32. IQM Quantum Computers has a 52 week low of $8.74 and a 52 week high of $15.10.

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

About IQM Quantum Computers

IQM Quantum Computers is a Finnish quantum-computing company that develops superconducting quantum processors and complete quantum-computing systems. Its offerings are designed for research institutions, universities, government organizations and commercial enterprises seeking access to quantum-computing capabilities.

The company provides on-premises quantum computers, quantum processing units and related software and services. It also supports customers through cloud-based access and partnerships intended to help organizations develop and test quantum applications in areas such as scientific research, optimization and simulation.

Founded in Finland in 2018 by quantum-technology researchers and entrepreneurs, IQM has expanded its operations across Europe, including locations in Finland, Germany, France and Spain.