Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 9,843,082 shares were traded during mid-day trading, an increase of 57% from the previous session's volume of 6,260,383 shares.The stock last traded at $6.28 and had previously closed at $7.62.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets increased 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.
Get Our Latest Research Report on Quantum Computing
Quantum Computing Stock Down 16.0 %
The stock has a fifty day moving average of $3.00 and a two-hundred day moving average of $1.46. The stock has a market cap of $654.21 million, a price-to-earnings ratio of -22.07 and a beta of 3.07.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its quarterly earnings data on Wednesday, October 2nd. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $0.18 million during the quarter.
Hedge Funds Weigh In On Quantum Computing
A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Quantum Computing by 10.5% during the 3rd 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. XTX Topco Ltd purchased a new stake in shares of Quantum Computing during the third quarter valued at approximately $46,000. Finally, Virtu Financial LLC lifted its position in shares of Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after purchasing an additional 47,880 shares in the last quarter. Hedge funds and other institutional investors own 4.26% of the company's stock.
Quantum Computing Company Profile
(
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.
Featured Articles
Before you consider Quantum Computing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.
While Quantum Computing currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
