Quantum Computing, Inc. (QCi) has seen a 526% increase in its stock price over the past three years, but its third-quarter earnings report revealed only $384,000 in sales. Despite a reported net income of $0.01 per share, the company’s operating loss was $10.5 million.

This minimal revenue and high operating loss indicate a long road ahead for QCi to achieve sustained positive earnings. The quantum computing market is unproven, with major players like Alphabet suggesting practical applications are still years away. Google’s CEO stated “practically useful” quantum computers are 5-10 years off.

Investors may want to steer clear of QCi stock as its price-to-sales ratio (P/S) sits at 3,200, significantly higher than the tech sector’s average of 9. Another quantum computing stock, IonQ, has a P/S ratio of 163, making QCi appear even more overvalued.

For those considering investing in Quantum Computing, Inc., it may be wise to reconsider. With negligible revenue, high expenses, and a sky-high valuation, QCi appears to be a risky investment in the unproven quantum computing market.

The Motley Fool’s Stock Advisor team did not include Quantum Computing in their list of top 10 stocks to buy now. Their recommended stocks have historically produced significant returns, offering a more promising investment opportunity compared to QCi.

Read more at Yahoo Finance: Is Quantum Computing Inc. a Buy?