Quantum Computing Inc. (QUBT) is experiencing a significant surge in its stock price today, driven by growing enthusiasm in the quantum technology sector. The company's shares have skyrocketed as investors show increased interest in the potential of quantum computing, despite the technology not yet being fully commercialized. This surge is part of a broader trend, with Quantum Computing leading the charge among quantum stocks, reflecting a 250% increase over the past month. The excitement is fueled by the transformative possibilities of quantum technology across various industries, including cybersecurity and pharmaceuticals.
Additionally, the stock has seen a notable increase in options trading activity, with a 271% rise in call options compared to typical daily volumes. This heightened interest from traders suggests a bullish sentiment towards the company's future prospects. The recent price target upgrade by Ascendiant Capital Markets, which raised its target from $8.25 to $8.50, further underscores the positive outlook for Quantum Computing.
Quantum Computing Inc. (QUBT) shares are currently trading at $10.39, marking a 54.98% increase from the previous close of $6.71 and a 46.35% rise from the opening price of $7.10.