Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 13,204,881 shares changed hands during trading, an increase of 36% from the previous session's volume of 9,738,352 shares.The stock last traded at $16.86 and had previously closed at $18.19.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets upped their price target on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a research note on Wednesday, November 13th.
View Our Latest Stock Analysis on QUBT
Quantum Computing Price Performance
The firm has a fifty day moving average price of $5.56 and a 200 day moving average price of $2.37. The firm has a market capitalization of $2.03 billion, a PE ratio of -58.93 and a beta of 3.07.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $0.18 million for the quarter.
Hedge Funds Weigh In On Quantum Computing
Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC raised its stake in shares of Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock valued at $40,000 after purchasing an additional 47,880 shares in the last quarter. XTX Topco Ltd acquired a new position in Quantum Computing in the third quarter worth about $46,000. Finally, Geode Capital Management LLC boosted its holdings in Quantum Computing by 10.5% during the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock valued at $449,000 after purchasing an additional 65,486 shares in the last quarter. 4.26% of the stock is currently owned by institutional investors.
About Quantum Computing
(
Get 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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