IQM Quantum Computers $IQMX Shares Newly Acquired by SLT Holdings LLC

SLT Holdings LLC purchased a new stake in IQM Quantum Computers (NASDAQ:IQMX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 74,750 shares of the quantum computing company’s stock, valued at approximately $775,000.

Separately, GAMMA Investing LLC bought a new position in IQM Quantum Computers in the 3rd quarter valued at approximately $31,000.

IQM Quantum Computers Trading Down 1.1%

NASDAQ:IQMX opened at $9.50 on Friday. The business’s 50-day moving average price is $10.18. IQM Quantum Computers has a 1-year low of $8.74 and a 1-year high of $15.10.

IQM Quantum Computers (NASDAQ:IQMX) last released its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($1.37) earnings per share (EPS) for the quarter. The firm had revenue of $7.77 million during the quarter. As a group, sell-side analysts anticipate that IQM Quantum Computers will post -3.30 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IQMX shares. Wall Street Zen cut shares of IQM Quantum Computers from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Zacks Research upgraded shares of IQM Quantum Computers to a “hold” rating in a report on Tuesday, October 6th. BTIG Research started coverage on IQM Quantum Computers in a research note on Monday, September 21st. They issued a “buy” rating and a $20.00 price target for the company. Weiss Ratings assumed coverage on IQM Quantum Computers in a research note on Friday, September 25th. They issued a “sell (d)” rating for the company. Finally, Rothschild & Co Redburn began coverage on IQM Quantum Computers in a report on Monday, July 27th. They set a “neutral” rating and a $12.88 price objective on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.44.

IQM Quantum Computers Company Profile

IQM Quantum Computers is a Finland-based quantum computing company that develops superconducting quantum processors and complete quantum computing systems. Its technology is designed for use by research institutions, universities, high-performance computing centers and commercial organizations exploring applications such as simulation, optimization and machine learning.

The company provides quantum hardware, system integration and related software and services. Its offerings support both on-premises installations and access through cloud-based environments, allowing customers to develop and run quantum algorithms alongside conventional computing resources.

Founded in 2018 by a group of quantum technology researchers and entrepreneurs, IQM has expanded its operations across Europe, including activities in Finland, Germany, France, Spain and Poland.