Quantum Computing (QUBT), a pure-play quantum computing company, will join the Russell 3000 Index on June 27. This inclusion, as part of FTSE Russell’s annual index reconstitution process, has the potential to spur greater trading and institutional demand, as more than $10 trillion in assets follow these indexes. 

Shares in QUBT have already gained almost 82% in the last month, fueled by enthusiasm for this milestone and recent contract wins. Outside of this index inclusion, increased interest in emerging quantum technologies and photonics innovation continues unabated. 

As enterprises and governments pursue computational innovation, quantum-native businesses such as QUBT are making a name for themselves with promising commercialization initiatives. With its impending Russell inclusion and growing industry partnerships, QUBT can be poised for a more liquid and transparent trading profile leading into the latter half of 2025. 

About Quantum Computing Stock

Quantum Computing commercializes and develops photonic-based quantum and reservoir computer systems. Its integrated quantum hardware and software solutions are intended for use in optimization, machine learning, and quantum sensing applications. 

The company finished a major milestone earlier this year with the building of its Quantum Photonic Chip Foundry in Tempe, Arizona, expanding its thin-film lithium niobate (TFLN) chip manufacturing capacity. QUBT’s stock has seen tremendous volatility, with a 52-week range between $0.35 and $27.15. Its stock now trades around $12, down 26% in 2025 and up more than 1,600% over the past 52 weeks. 

Valuation-wise, QUBT’s numbers highlight its speculative nature. It does not have a trailing or forward price-earnings ratio since it is still loss-making. Its price-sales multiple comes in at a staggering 4,831x, representing the nascent nature of its business as well as the high cost of commercialization. 

It’s a high-risk, high-reward investment in the field of quantum computing. 

Quantum Computing Exceeds Expectations in Q1 2025

QUBT reported revenue of $39,000, up 42.7% year-over-year. Gross margin was 33%, down from 41% last year, representing volatility at this revenue level. Management remains guided cautiously, with the focus instead on strategic advancement. 

Significantly, QUBT completed the buildout of its chip foundry and received five follow-on customer orders. Collaborations with top-tier institutions such as the Sanders Tri-Institutional Therapeutics Discovery Institute and NASA further enhance its real-world relevance and validity. 

What Analysts Think of Quantum Computing Stock 

Quantum Computing currently holds a “Moderate Buy” rating from the single analyst covering the stock. This sentiment has remained unchanged over the past three months, reflecting a steady outlook amid recent volatility and business developments. With limited analyst coverage, the rating highlights cautious optimism but also underscores the speculative nature of this micro-cap quantum play.

The analyst has a price target of $14. Based on QUBT’s recent closing price, this implies potential upside of 12.6%.