Reported about 10 hours ago
Quantum Computing Inc. (NASDAQ:QUBT) experienced a significant increase of 15.81% on Friday, reaching $13.70 per share after receiving an upgraded rating from Ascendiant Capital Markets, which raised its price target from $14 to $22. This positive response was fueled by the company's impressive turnaround, reporting a net income of $16.98 million in the first quarter compared to a $6.4 million loss the previous year, largely due to a non-cash gain from its merger with QPhoton.
Source: YAHOO