Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Quantum Numbers ( (TSE:QNC) ) just unveiled an update.
Quantum eMotion has completed the design and validation of its first-generation Quantum Random Number Generator (QRNG) chip, which is now being manufactured by Taiwan Semiconductor Manufacturing Company (TSMC). This chip, based on the quantum electron tunneling effect, is designed to generate over 1 Gbit/sec of true quantum random numbers and is intended for cybersecurity applications. The development represents a significant milestone for the company, as it sets a new benchmark in performance and scalability for quantum-secure hardware. The global QRNG chip market is expected to grow significantly, with projections reaching USD 2 billion by 2033.
Spark’s Take on TSE:QNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QNC is a Neutral.
Quantum Numbers’ overall score is influenced by its financial challenges, including no revenue and consistent losses, which weigh heavily on its potential. However, technical analysis indicates positive stock momentum, while the recent corporate event announces a promising product that could transform the company’s revenue prospects. The lack of traditional valuation metrics underscores the speculative nature of the stock.
To see Spark’s full report on TSE:QNC stock, click here.
More about Quantum Numbers
Quantum eMotion is a pioneering company in the field of classical and quantum cybersecurity solutions. It focuses on addressing the growing demand for affordable hardware and software security for connected devices. The company leverages its patented Quantum Random Number Generator to enhance protection for high-value assets and critical systems, targeting sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, and more.
YTD Price Performance: -50.56%
Average Trading Volume: 1,280,657
Technical Sentiment Signal: Buy
Current Market Cap: C$168.1M
For detailed information about QNC stock, go to TipRanks’ Stock Analysis page.