Avantax Advisory Services Inc. bought a new stake in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,815 shares of the company's stock, valued at approximately $709,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Quantum Computing by 10.5% during the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock worth $449,000 after acquiring an additional 65,486 shares in the last quarter. UNICOM Systems Inc. bought a new stake in shares of Quantum Computing in the 4th quarter worth approximately $5,707,000. Mission Wealth Management LP purchased a new stake in shares of Quantum Computing in the 4th quarter worth approximately $1,986,000. Raymond James Financial Inc. bought a new position in Quantum Computing during the 4th quarter valued at approximately $1,924,000. Finally, SBI Securities Co. Ltd. bought a new position in Quantum Computing during the 4th quarter valued at approximately $1,602,000. Hedge funds and other institutional investors own 4.26% of the company's stock.
Quantum Computing Trading Down 3.1 %
Quantum Computing stock traded down $0.27 during mid-day trading on Tuesday, hitting $8.48. The company had a trading volume of 18,459,869 shares, compared to its average volume of 15,796,426. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15. The stock's 50 day moving average price is $8.15 and its two-hundred day moving average price is $6.46. The company has a market capitalization of $1.16 billion, a PE ratio of -29.24 and a beta of 3.26.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same quarter last year, the business earned ($0.09) earnings per share.
Quantum Computing Profile
(
Free Report)
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.
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