Quantum Computing (NASDAQ:QUBT) Stock Price Up 1.3%

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $0.66 and last traded at $0.64. 287,441 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,140,217 shares. The stock had previously closed at $0.63.

Quantum Computing Stock Down 2.9 %

The company has a 50 day simple moving average of $0.63 and a two-hundred day simple moving average of $0.75. The company has a market capitalization of $56.50 million, a P/E ratio of -2.05 and a beta of 1.76.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its earnings results on Tuesday, June 11th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $0.03 million during the quarter.

Institutional Trading of Quantum Computing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PEAK6 Investments LLC bought a new position in shares of Quantum Computing during the first quarter valued at approximately $129,000. TRUE Private Wealth Advisors grew its position in Quantum Computing by 318.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 65,718 shares of the company's stock valued at $33,000 after acquiring an additional 50,000 shares during the last quarter. Independence Bank of Kentucky bought a new position in Quantum Computing in the 1st quarter valued at $25,000. Finally, Virtu Financial LLC increased its stake in Quantum Computing by 17.7% in the first quarter. Virtu Financial LLC now owns 95,425 shares of the company's stock worth $94,000 after purchasing an additional 14,326 shares during the period. 4.26% of the stock is owned by hedge funds and other institutional investors.

Quantum Computing Company Profile

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.