Quantum Computing Inc (NASDAQ:QUBT) stock is 12.1% higher to trade at $11.88 today, after the company reported an adjusted third-quarter loss of five cents per share, slimmer than the six cents per share loss analysts projected. Better yet, revenue topped forecasts, and the tech firm provided a strategic roadmap toward scalable quantum and photonic manufacturing.
The report has the quantum computing sector buzzing, with IonQ (IONQ) and Rigetti Computing (RGTI) 2.9% and 0.5% higher, respectively, this morning. QUBT is still down 30% in 2025, but the drawdown found support at the stock's 320-day moving average. Year over-year, the shares are up 282%.
No analysts have stepped forward with adjustments, but bull notes could provide tailwinds, considering two of the four brokerages in coverage maintain "hold" ratings. Short squeeze potential remains massive as well, with 16.3% of QUBT's total available float sold short.
Options traders have preferred puts. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 2.08 is four percentage points from an annual high. So not only do calls outflank puts by a 2-to-1 ratio, but the elevated percentile indicates a healthier-than-usual appetite for long calls relative to puts on QUBT in the past two weeks
